Armenia has no alternative to the construction of a new nuclear-power unit before 2016

Source: ARKA, 2007-04-11

Armenia has no alternative to the construction of a new nuclear-power unit before 2016, RA Deputy Minister of Energy Areg Galstyan stated at the lecture "On prospects for developing Armenia's energy sector".

"A long-term assessment of the uptrend in natural gas prices until 2025-2030, as well as possible rates of rise in prices for nuclear fuel, shows that Armenia practically has no alternative to the construction of a new nuclear power unit," hen said.

Galstyan pointed out that special attention is paid to the development of atomic energy in Armenia.

As part of the New European Neighborhood Policy, Armenia pledged to shot down the currently operating nuclear power unit as soon as possible, but on condition of construction of a new power unit of identical capacity in Armenia.

According to the Minister the creation of the capacities is aimed at ensuring Armenia's energy independence.

"All the measures to put the power unit out of operation must not affect the development of Armenia's energy sector and economy," he said.

The calculations based on the estimates of domestic demand and possible enhancement of the export potential testify that in 2016 Armenia will nee a power unit with a capacity of 1,000 megawatts, and the second power unit is likely to be constructed after 2020, Galstyan said.

The construction of the new power unit is estimated at $2bln.