Thursday, September 8 2016 17:41
Alexandr Avanesov

Expert: Energy complex of Armenia will obviously find itself on the brink of collapse without NPP

Expert: Energy complex of Armenia will obviously find itself on the  brink of collapse without NPP

ArmInfo. Energy complex of  Armenia will obviously find itself on the brink of collapse without  NPP , Chairman of the Union of Consumers' Rights Protection Armen  Poghosyan told ArmInfo's correspondent. 

Touching upon the program on extending life cycle of the unit 2 of  Armenian Nuclear Power Plant Poghosyan stressed that there is no  alternative to nuclear energy in Armenia. Substantiating his point of  view the expert recalled that currently hydro, nuclear and thermal  energies are the main source of power generation in Armenia. "One  should not expect serious success in hydro energy field, as the  resources of this source of power output are restricted. It is  evident that it is hydro energy that offers the lowest tariff of 5AMD  for 1KW/h of electricity but it has no capacity to grow. Tariff of  electricity produced by nuclear plant is nearly 8 AMD for 1KW/h while  by thermal plant -41 AMD for 1KW/h. Thus, electricity produced by the  thermal plant is 3.5-fold more expensive than the one by the nuclear  plant", Poghosyan said.

According to Poghosyan in 2017 operation of the Armenian NPP will be  suspended for 121 days within the Unit2 life extension program, as a  result it will be necessary to maintain the electricity balance using  thermal energy. "Obviously, regular consumer will have to come down  with money. However, I am not sure that the tariff on electricity  will be increased already in 2017. This process should be a subject  of long and thorough calculations. No one can give even rough  forecast of the new tariff, however tendency of its growth is  evident", he said. 

At the same time according to the expert it is also obvious that  without nuclear energy the country's economy may face serious  problems. "Our NPP is unique as it was able to withstand catastrophic  earthquake in 1988. Huge work has been conducted since than to raise  safety of the Unit 2. Research conducted recently by the commission  from the International Atomic Energy Agency (IAEA) also testifies to  high level of safety of the Armenian NPP. Moreover 7 out of 8  projects implemented on the plant were advised by IAEA for  introduction in nuclear units of a number of European countries. Lack  of emergency situations is the result of the activities conducted on  the station. As a result one can make a conclusion how significant  this program is, due to which safety of the station will be increased  and consumers will be able to save their money", Poghosyan stressed. 

He thinks the energy complex of Armenia will obviously find itself on  the brink of collapse without the NPP. It is necessary, therefore, to  launch the construction of the new nuclear power unit as soon as  possible. It should be commissioned in 2026 when the lifetime of Unit  2 expires. Meanwhile, there is neither an international consortium  nor any engineering idea yet. Earlier Russia expressed its  willingness to fund the major part of construction of the new power  unit. However, things have changed, the expert said, noting that 8  years ago, when the intention to build a new power unit was  announced, its price was $5 bln, but today the price is nearly $7  bln. "To all appearances, the Armenian authorities realized it and  announced an intention to build a power unit of medium capacity,  which is cheaper. I think the capacity of the power unit should be  big, because it would be favorable from the economic viewpoint. The  decision on this should be taken as soon as possible, because nuclear  power engineering is of critical importance to Armenia," he said. 

To recall, in March 2014 the Armenian Government took a decision to  extend the lifetime of Unit 2 of the Armenian NPP due to the delay in  construction of a new nuclear power unit. Rosatom and Armenian  experts agreed to implement the project aimed at extending the Unit 2  lifetime for 10 years till 2026. For this purpose, Russia has  provided Armenia with a $270 mln loan and a $30 mln grant. The  operations being carried out by Rusatom Service - an integrating  company for service tenders of Rosatom enterprises - will be  completed by late 2019.

POST A COMMENT
Input digits     


News
Armenian Card to start issuing co-branded cards with MasterCard and  Union Pay international payment systemsArmenian Card to start issuing co-branded cards with MasterCard and  Union Pay international payment systems
EDB to provide ZCMC with $10 million loan to digitize internal  business processesEDB to provide ZCMC with $10 million loan to digitize internal  business processes
Complete nonsense: Pashinyan on FSI report about Yerevan`s alleged  switch from Russian grain to Ukrainian grainComplete nonsense: Pashinyan on FSI report about Yerevan`s alleged  switch from Russian grain to Ukrainian grain
Armenian users account for 9% of  FDI`s Armenian users account for 9% of  FDI`s "Jobs in  EAEU" project
FCI  to support Armenia in connecting to  global  AI SuperCloud`s  AI  platform FCI  to support Armenia in connecting to  global  AI SuperCloud`s  AI  platform 
Kremlin  comments on  FIS report about Armenia`s intention to stop  purchasing Russian grainKremlin  comments on  FIS report about Armenia`s intention to stop  purchasing Russian grain
Armenia plans to purchase grain from Ukraine instead of Russian grain Armenia plans to purchase grain from Ukraine instead of Russian grain 
Armenia`s national debt stable and predictable - minister Armenia`s national debt stable and predictable - minister 
Armenian FM visits State of Green in CopenhagenArmenian FM visits State of Green in Copenhagen
Emergence of risks should be viewed as source of development by  utilizing existing opportunities and ideas - minister Emergence of risks should be viewed as source of development by  utilizing existing opportunities and ideas - minister 
Armenia and Oman intend to increase mutual tourism flow.Armenia and Oman intend to increase mutual tourism flow.
Central Asia and South Caucasus to lead in warehouse infrastructure  growth through 2040 - EDBCentral Asia and South Caucasus to lead in warehouse infrastructure  growth through 2040 - EDB
 Armenian, Danish FMs discuss development of bilateral sectoral  cooperation Armenian, Danish FMs discuss development of bilateral sectoral  cooperation
Central Bank cementing everything for security, but  losing investor  interest - expert on Armenian crypto regulationCentral Bank cementing everything for security, but  losing investor  interest - expert on Armenian crypto regulation
25 billion AMD Government bonds allocation auction took place on AMX25 billion AMD Government bonds allocation auction took place on AMX
Mariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businessesMariam Hambardzumyan: Armenia`s education system not adapted to meet  the needs of  businesses
Expert: AI will not replace people, but rather those who don`t use AIExpert: AI will not replace people, but rather those who don`t use AI
Idram Junior Participants Receive Prizes: The First Junius Financial Literacy Competition ConcludesIdram Junior Participants Receive Prizes: The First Junius Financial Literacy Competition Concludes
Starting in 2026, conclusion, termination, and modification of  employment contracts in Armenia to be carried out exclusively through  digital platformStarting in 2026, conclusion, termination, and modification of  employment contracts in Armenia to be carried out exclusively through  digital platform
Armenia, Saudi Arabia planning to expand economic cooperation in  several areasArmenia, Saudi Arabia planning to expand economic cooperation in  several areas
Armenian parliamentary opposition demanding price of Kazakh grain  delivered to Armenia Armenian parliamentary opposition demanding price of Kazakh grain  delivered to Armenia 
Hovhannes Khachatryan: Armenia`s digitalization is progressing  steadily, changing the architecture of interaction and identificationHovhannes Khachatryan: Armenia`s digitalization is progressing  steadily, changing the architecture of interaction and identification
Supply of fourth-grade wheat from Kazakhstan means Armenia also needs  it, official saysSupply of fourth-grade wheat from Kazakhstan means Armenia also needs  it, official says
Under `We Are Our Mountains` program, 12 families in Tatev community  received grants to implement their business ideasUnder `We Are Our Mountains` program, 12 families in Tatev community  received grants to implement their business ideas
Gold price rise stems from global processes - economists Gold price rise stems from global processes - economists 
Duty on metal fitting import to be raised in ArmeniaDuty on metal fitting import to be raised in Armenia
Saudi Arabia`s Public Investment Fund considering investing in  ArmeniaSaudi Arabia`s Public Investment Fund considering investing in  Armenia
Armenia and Kazakhstan discuss opportunities to develop cooperation  in digitalizationArmenia and Kazakhstan discuss opportunities to develop cooperation  in digitalization
Armenia`s ICT sector revenue grew by double-digits in the first nine  monthsArmenia`s ICT sector revenue grew by double-digits in the first nine  months
Service sector revenue accelerated in the first nine monthsService sector revenue accelerated in the first nine months
Armenia`s trade sector generated $12.1 billion in revenue in the  first nine monthsArmenia`s trade sector generated $12.1 billion in revenue in the  first nine months
Kazakhstan`s national grain operator ready to supply Armenian  consumers with approximately 15,000- 20,000 tons of food grain  monthlyKazakhstan`s national grain operator ready to supply Armenian  consumers with approximately 15,000- 20,000 tons of food grain  monthly
Armenia`s telecommunications revenue growth slowingArmenia`s telecommunications revenue growth slowing
Armenia`s metallurgy sector decreased by 10% in the first nine monthsArmenia`s metallurgy sector decreased by 10% in the first nine months
Cargo transportation in Armenia increased by 1.6% over the first nine  months, while passenger transportation decreased by 2.4%Cargo transportation in Armenia increased by 1.6% over the first nine  months, while passenger transportation decreased by 2.4%
Power generation in Armenia increased by 8.2% in the first nine  monthsPower generation in Armenia increased by 8.2% in the first nine  months
Wine production dropped by 36% and  cognac by 34.4% in the first nine  months Wine production dropped by 36% and  cognac by 34.4% in the first nine  months 
5,312,038 AMD for “Symphonic Forest”: the November beneficiary is AI4Biodiversity: AI Solutions for Nature, a national hackathon5,312,038 AMD for “Symphonic Forest”: the November beneficiary is AI4Biodiversity: AI Solutions for Nature, a national hackathon
Expert on small nuclear power plants: The hardest thing of all is to  find a cat in a dark room, especially if there is no catExpert on small nuclear power plants: The hardest thing of all is to  find a cat in a dark room, especially if there is no cat
PSRC planning to revoke Electric Networks of Armenia CJSC`s operating  licensePSRC planning to revoke Electric Networks of Armenia CJSC`s operating  license
Armenian minister of economy takes part in 124th meeting of UNWTO  Executive CouncilArmenian minister of economy takes part in 124th meeting of UNWTO  Executive Council
Armenia, Iran discuss prospects for cooperation in tourism sectorArmenia, Iran discuss prospects for cooperation in tourism sector
Armenia`s first satellite, Armsat-1,  entered controlled deorbit  phaseArmenia`s first satellite, Armsat-1,  entered controlled deorbit  phase
Pashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two yearsPashinyan: Investments in Armenia`s military-industrial complex  amounted to approximately $450 million over past two years
Armenia`s industrial sector declined by 5.7% in January-September  2025Armenia`s industrial sector declined by 5.7% in January-September  2025
TEAM`s 5G network  available in Gyumri and VanadzorTEAM`s 5G network  available in Gyumri and Vanadzor
Economy Minister discussed rebranding of Armenian brandy with  producersEconomy Minister discussed rebranding of Armenian brandy with  producers
Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025Dollar, ruble transactions   decreased in Armenia`s  interbank  foreign exchange market from November 3- 7, 2025
Fly Cham to launch Aleppo-Yerevan flightsFly Cham to launch Aleppo-Yerevan flights
FLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  yearFLYONE ARMENIA to launch new Yerevan-Batumi - Yerevan flight next  year
Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025Armenia among top 10 popular destinations for Russian tourists,  according to results of  first nine months of 2025
Armenia, India discuss possible cooperation in defense industry Armenia, India discuss possible cooperation in defense industry 
Armenian MP proposes rising duty on metal fitting Armenian MP proposes rising duty on metal fitting 
New route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countriesNew route through Azerbaijan to strengthen sustainability of supplies  of Russian agricultural products to regoinal countries
AraratBank Honoured with STP Award by Commerzbank AGAraratBank Honoured with STP Award by Commerzbank AG
AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan AI to change economy, public and everyday life beyond recognition in  coming years - Hakob Arshakyan 
RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026RA SRC: List of products subject to identification marking to be  expanded from January 1, 2026
ARMSWISSBANK: A strategic financial bridge between Armenia and international marketsARMSWISSBANK: A strategic financial bridge between Armenia and international markets
Germany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German EmbassyGermany to support Armenia with 152  million euros in strategic  cooperation areas  until 2027 - German Embassy
By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%By the end of October, actual tax collections in Armenia exceeded   annual target by 13.7%
Read more
Exchange rates
12.11.2025
RUB4.720.01
USD382.09-0.43
EUR442.04-0.69
GBP501.45-1.10
CAD272.59-0.05
JPY24.67-0.13
CNY53.68-0.05
CHF477.910.95