CONSTRUCTION OF ARMENIA’S NEW POWER UNIT MAY COST $7.2 BLN
ARKA
Sep 24, 2008
YEREVAN, September 24. /ARKA/. Construction of the Armenian nuclear
power plant’s (NPP) new unit may cost $7.2bln, said Armen Arzumanyan,
representative of the PA Consulting Group.
"Making a feasibility study of the project, the company considered
government, private and mixed financing, concluding that government
financing is the cheapest one," Arzumanyan added.
Electricity prices set by the new NPP will reach 12.7 cents per kWh,
depending on investments.
"The new NPP will operate in 2017," Arzumanyan said. Specialists say,
the Armenian NPP in Metsamor can operate till 2016.
NPP started to operate in 1976. Only the second power unit of the
plant with a Russian nuclear reactor works. The unit covers about 50%
of Armenia’s energy demand.
By 2008, the Armenia NPP will be under the trust management of the
INTER RAO UES CJSC, subsidiary of RAO UES Russia owned by Russia’s
atomic agency Rosatom.