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Russian Academician: New NPP To Give Armenia Geopolitical Advantage

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  • Russian Academician: New NPP To Give Armenia Geopolitical Advantage

    RUSSIAN ACADEMICIAN: NEW NPP TO GIVE ARMENIA GEOPOLITICAL ADVANTAGE

    ARKA
    Oct 23, 2008

    YEREVAN, October 23. /ARKA/. Construction of the new nuclear
    power plant (NPP) will give Armenia a huge export potential and
    a geopolitical advantage as compared with other countries, Head of
    "Doctor of Business Administration" program academician of the Russian
    Academy of Sciences Abel Aghanbegyan said.

    If this happens, Armenia will start supplying electricity to Turkey
    and Georgia and these countries will depend on Armenia to a certain
    extent," Aghanbegyan told journalists Thursday. He also pointed out
    the possibility of exporting power also to Iran and Iraq.

    Earlier, Armenian Deputy Minister of Energy and natural Resources Areg
    Galstyan said that the construction of the new nuclear power plant
    may start in 2011. The new NPP is expected to be commissioned in 2017.

    According to estimates of PA Consulting Group, the construction
    of the new unit will cost $5.2-7.2bln if the output of the unit is
    1,200 megawatt.

    Expected prices for power produced by the new NPP are 7.2-12.7 cents
    per kilowatt-hour depending on investments.
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