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Armenia’s nuclear power plant completes almost 70 percent of measures to extend its service life

29.05.2017, 16:23
Armenia’s nuclear power plant has spent $136 million to complete almost 70% of measures designed to extend its service life, the energy and natural resources ministry  said today, adding that the original amount was $205 million.
Armenia’s nuclear power plant completes almost 70 percent of measures to extend its service life
YEREVAN, May 29. /ARKA/. Armenia’s nuclear power plant has spent $136 million to complete almost 70% of measures designed to extend its service life, the energy and natural resources ministry  said today, adding that the original amount was $205 million. As a result, the facility has saved about 34% of the projected money, it said.

Earlier, the head of the ministry’s department of nuclear energy, Artem Petrosyan, said that that during 2017 the plant will modernize the equipment, systems and structures and will also improve the level of radiation safety.

The first stage of work to extend the service life of the power unit, scheduled for 2016, was successfully completed, the ministry said.  More than 4,500 items of equipment, systems and components had been checked up. 

The Armenian Nuclear Power Plant is located some 30 kilometers west of Yerevan. It was built in the 1970s but was closed following a devastating earthquake in 1988. One of its two VVER 440-V230 light-water reactors was reactivated in 1995. Armenian authorities said they will build a new nuclear power plant to replace the aging facility. 

The new plant is supposed to operate at twice the capacity of the Soviet-constructed facility.  The plant currently generates some 35 percent of Armenia's electricity. 

In March 2014, Armenian government decided to extend the plant’s service life because of delay in building a new unit. The service life extension has become possible thanks to Russia’s financial resources. The country was to provide $270 million to Armenia as loan and $30 million in grants. --0--