President Of Armenia Signed The Law "On The Construction Of New Nucl

PRESIDENT OF ARMENIA SIGNED THE LAW "ON THE CONSTRUCTION OF NEW NUCLEAR POWER BLOCK"

ARKA
NOVEMBER 17, 2009
YEREVAN

YEREVAN, November 17. /ARKA/. President of Armenia Serzh Sargsyan
signed the law "On construction of new nuclear power block (blocks)".

The law adopted by National Assembly of Armenia on October 27 envisages
opportunity of construction of new nuclear power defines the main
requirements of the construction space and security, construction and
exploitation of the block (blocks), liabilities of the Government of
Armenia and outreach of population.

For the construction of nuclear power block in Armenia about $4-5
billion is needed. The cost of construction depends on the capacity of
power block and will be known after finalization of construction works.

Armen Movsisyan, Minister of Energy of Armenia said that in case of
right organization of preparation process and construction of new
power block with capacity of 1-1.2 thousand MVt, there will not be
any problem with funding.

All preliminary studies showed that the most optimal option is
construction of new power block (blocks) on the basis of functioning
Armenian Nuclear Power Station. Moreover, its capacity is 400 MVt
when the space of the station envisages exploitation of the block
with the capacity of 1.2 thousand MVt.

The operating Armenian Nuclear Power Station is located near the city
Metsamor (approximately 20-30 km to South from Yerevan). The station
is functioning since 1976.