IT IS NOT RULED OUT THAT MANAGEMENT OF ARMENIAN NUCLEAR POWER PLANT WILL BE AGAIN GIVEN TO INTER RAO UES FROM 2008

Noyan Tapan
Dec 24 2007

YEREVAN, DECEMBER 24, NOYAN TAPAN. It is not ruled out that the
management of the Armenian Nuclear Power Plant (ANPP) will be again
given to Inter RAO UES company (Russia). The RA minister of energy
Armen Movsisian stated at the December 24 press conference that the
term of the agreement on the ANPP’s management expires next year, and
negotiations on its extension are being conducted with Inter RAO UES.

According to the minister, the ANPP generates electricity of 2.5
billion kwh a year, which makes up 40-50% of the country’s domestic
demand. Next year the ANPP will be stopped for 3 months for preventive
repairs.

In the words of A. Movsisian, Armenia cannot implement alone the work
on closing the ANPP. As for construction of a new nuclear power plant,
the feasibility study will finish in September 2008, after which the
tender for contractor will be held.