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Armenian Nuclear Power Plant To Be Shut Down After Exhausting Resour

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  • Armenian Nuclear Power Plant To Be Shut Down After Exhausting Resour

    ARMENIAN NUCLEAR POWER PLANT TO BE SHUT DOWN AFTER EXHAUSTING RESOURCES, PRESIDENT SAYS

    ARKA
    Feb 29 2008

    YEREVAN, February 29. /ARKA/. The Armenian Nuclear Power Plant (NPP)
    will shut down after exhausting its resources, RA President Robert
    Kocharian said today during his meeting with Yerevan State University
    (YSU) students.

    The president pointed out that Armenia was committed to close down the
    Armenian NPP in 1992-1993 after signing an agreement with the European
    Bank for Reconstruction and Development (EBRD) on the construction
    of the fifth unit of the Hrazdan Thermal Power Plant (TPP).

    Only after this, the country has changed its attitude to the shut
    down of the NPP.

    "I believe the Armenian NPP will shut down only in 2012-2014,"
    Kocharian said. "We should see to the construction of a new NPP which
    will become irreplaceable with oil prices constantly increasing."

    The NPP started to operate in 1976 (the second unit started to operate
    in 1980).

    Only the second power unit of the plant with a Russian nuclear reactor
    is operating at present.

    The unit generates about 50% of Armenia's electric power.

    In the coming five years, the Armenia NPP will be under the trust
    management of the INTER RAO UES CJSC, subsidiary of RAO UES Russia
    (60% of the shares) and the ROSENERGOATOM Trust (40%).

    According to specialists, the Armenian NPP in Metsamor can operate
    until 2016.

    About $2bln will be allocated for the construction of the new unit
    of the Armenian NPP, the RA Minister of Energy.
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