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Armenia To Build New Nuclear Power Unit In 2013

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  • Armenia To Build New Nuclear Power Unit In 2013

    ARMENIA TO BUILD NEW NUCLEAR POWER UNIT IN 2013

    Interfax
    Dec 22 2011
    Russia

    Armenia plans to start construction of a new nuclear power unit in
    2013, Armenian Energy and Natural Resources Minister Armen Movsisyan
    said at a press conference Thursday.

    "We will began construction of the energy unit in 2013," the minister
    said, adding that before construction could begin the project had to
    be prepared and funding resolved.

    The new reactor will replace the existing unit, he said. If necessary,
    Armenia will extend the operation of the existing unit, projected
    resources of which expire in 2016.

    The Armenia NPP accounts for around 40% of the electricity generated
    in the country. The power plant has two VVER-440 reactors with 815
    megawatt capacity. Only one reactor with 404 megawatt capacity is
    in use.

    Armenia plans to build a new reactor with 1060 megawatt capacity
    by 2017 and it will mothball the existing unit. The construction
    project for the new unit will be put together by Russian-Armenian
    joint venture Metsamorenergatom, established on a 50/50 basis by
    Armenian and Russia's Atomstroyeport.

    Armenia NPP was transferred to Inter RAO UES (RTS: IRAO) for financial
    management. Movsisyan was cited as saying that Inter RAO would end
    its financial management of the plant on January 1 2012.

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