Russia to partly fund construction of new nuclear power plant in Armenia

Russia to partly fund construction of new nuclear power plant in Armenia

YEREVAN, July 7. /ARKA/. Part of the funds for construction of the new nuclear power plant in Armenia worth $4.5 billion will be provided by Russia in form of products and equipment, Armenia’s minister of energy and natural resources Yervand Zakharyan said as quoted by the press office.

The other part is expected to be received as financial assistance from other countries, the minister said.

Zakharyan also said the start of the construction is scheduled for 2018-2019.

A new nuclear power unit with capacity of 1,000 megawatt is planned to be constructed in Armenia. According to Gosatomnadzor, the new power unit will cost about $5 billion.

The existing Armenian NPP is located in Metsamor, some 30 kilometers south of Yerevan. It was commissioned in 1976, but was closed following a devastating earthquake in 1988. One of its two VVER 440 reactors was reactivated in 1995 due to acute power crisis in Armenia. Today only the second reactor with capacity of 407.5megawatt is in operation. –0--

12:30 07.07.2014

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