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TBILISI: Russia Ready To Fund New Nuclear Power Plant In Armenia

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  • TBILISI: Russia Ready To Fund New Nuclear Power Plant In Armenia

    RUSSIA READY TO FUND NEW NUCLEAR POWER PLANT IN ARMENIA
    By M. Alkhazashvili
    (Translated by Diana Dundua)

    The Messenger, Georgia
    May 2 2007

    According to the Russian news agency Regnum, the Armenian government
    announced that an agreement has been reached between Russia and Armenia
    about Russia funding the construction of a new nuclear power plant
    in Armenia. In return, Russia will become the co-owner of the plant.

    Armenia says it must build a new nuclear power plant to meet the
    country's electricity demands. The current plant at Metsamor is
    severely outdated. Closing down the existing station will cost USD 240
    million. The deadline is 2016, but under the European Neighbourhood
    Policy plan Armenia signed, they agreed to close the power plant in
    a shorter period of time.

    The existing station provides Armenia with approximately half of its
    electricity needs. It consists of two reactors which have a total
    capacity of 815 MWe.

    From: Emil Lazarian | Ararat NewsPress
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