Friday, October 20 2017 18:19
Alexandr Avanesov

Minister: Development of Armenian nuclear energy is a priority for the Armenian government

Minister: Development of Armenian nuclear energy is a priority for the Armenian government

ArmInfo. The development of Armenia's nuclear energy is a priority for the Armenian government. The Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Ashot Manukyan stated this at a press conference in Yerevan on October 20.

According to him, since September 2016 Armenia, together with the state corporation "Rosatom", has been working on the implementation of the program to extend the life of the N2 power unit of the Armenian Nuclear Power Plant (NPP) until 2016. The works are being carried out in full, according to the approved schedule, and will be completed by the end of 2019. Currently, the issue of locating 800 Russian specialists, which will arrive in Armenia in 2018-2019 to participate in this program, is being resolved. In Metsamor, Vagharshapat and Armavir, hotels are put in order, there are also offers from the private sector.  Financing of the subprogram for upgrading the infrastructure near the nuclear power plant and at the station itself will be financed by a Russian state loan and a grant. "The nuclear station contributes to the solution of the energy security problem in Armenia, so attention to it will always be close," the minister said.

He also said that the state treasury of the RA Ministry of Finance has set up a fund to close the nuclear power plant. Funds are concentrated in the accounts of the fund, which are stipulated in the tariff for the nuclear power plant. "If we keep in mind that the closure of the first block is to be implemented within 40 years, then these funds will be enough for the project, in addition, the funds will be attracted from international donors. The first block will become a donor for the second power unit, that is, which can still be used, will be applied on the second block," the Armenian minister said.

Speaking about the EU requirements for the closure of the ANPP, Ashot Manukyan stressed that the capabilities of the second power unit of the ANPP are not infinite, but it will work as long as the resource allows. Only after that it will be closed, and in exchange a new atomic block will be built. The Minister noted that the government of the Republic of Armenia and its department are the construction of modular nuclear reactors with a capacity of 50 MW. Currently, these reactors are in the testing phase, and are expected to be erected within the next two years. For this reason, the Armenian government postponed consideration of the issue of the capacity of the new nuclear power plant for 2 years. According to Ashot Manukyan, a modular nuclear reactor with a capacity of 50 MW is, in fact, a closed nuclear power plant.  Equally important is their relatively low cost. A distinctive feature of this reactor is the possibility of stage- by-stage construction of several modular nuclear reactors on the site of the current nuclear power plant, which practically exclude any seismic and environmental risks. "I am sure we will have a new nuclear power plant, another matter - with what capacity and with what technologies," the head of the republic's energy department said.

The Armenian nuclear power plant consists of two units with Soviet (Russian) WWER reactors. The first unit was commissioned in 1976, the second - in 1980. In March 1989, after the Spitak earthquake, which killed 25 thousand people, the station's work was stopped. In November 1995, in connection with the most acute energy crisis, the second power unit of the station with a capacity of 407.5 MW was involved. In March 2014, the Armenian government decided to extend the life of the second power unit by 10 years - until 2026. The project is coordinated by the subsidiary structure of the State Corporation Rosatom - JSC Rusatom Service. Completion of work is planned for 2019. The Government of the Russian Federation allocated a $ 270 million state export loan to Armenia and a $ 30 million grant for these purposes. In March 2015, the Joint Coordination Committee (JCC) was established to implement the program. So far, there have been five meetings of the JCC.

POST A COMMENT
Input digits     


News
Armenia reduces wine export volumes, Russia remains traditional  marketArmenia reduces wine export volumes, Russia remains traditional  market
Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025Dollar, ruble transactions increased in Armenian interbank foreign  exchange  market from October 27-31, 2025
Armenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal oresArmenia reduced copper and molybdenum concentrate exports in the  first half of 2025, while increasing shipments of zinc and precious  metal ores
Germany to provide152 million euros in support to ArmeniaGermany to provide152 million euros in support to Armenia
Armenia significantly increased automobile imports in the first half  of 2025Armenia significantly increased automobile imports in the first half  of 2025
New Campaign Ahead of Savings Day: IDBankNew Campaign Ahead of Savings Day: IDBank
Tashir Capital resubmitted its application for  reduction in  electricity tariffs Tashir Capital resubmitted its application for  reduction in  electricity tariffs 
Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%Natural gas imports to Armenia increased by 4.5% in the first half of  2025, while liquefied gas imports increased by 29.4%
In 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - MayorIn 2026, Yerevan Municipality to receive 56.6 bln drams from  budget  - Mayor
Armenia`s imports of oil products 9.2% up in first half of 2025 Armenia`s imports of oil products 9.2% up in first half of 2025 
Armenian government continues talks on funding of corridor via  country - minister Armenian government continues talks on funding of corridor via  country - minister 
EU ready to assist Armenia in forming and developing sustainable  digital economyEU ready to assist Armenia in forming and developing sustainable  digital economy
AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026AMD 35.3bln to be allocated for development of Armenia`s water sector  in 2026
Armenia, EU strengthen cooperation in energy, transport, and road  safetyArmenia, EU strengthen cooperation in energy, transport, and road  safety
Armenians among top 3 visitors to GeorgiaArmenians among top 3 visitors to Georgia
 EITI International Council to meet in Yerevan EITI International Council to meet in Yerevan
Armenia`s vice-premier, EIB representative discuss new areas of  cooperationArmenia`s vice-premier, EIB representative discuss new areas of  cooperation
Armenia, Germany form reliable cooperation based on common values -  ministerArmenia, Germany form reliable cooperation based on common values -  minister
Think beyond today. Why save?Think beyond today. Why save?
Aluminum foil exports  decreased in Armenia while maintaining their  customs valueAluminum foil exports  decreased in Armenia while maintaining their  customs value
Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025Armenian Customs Service: Gold trade decreased significantly in the  first half of 2025
Armenia`s diamond trade decreased  by almost 50% in the first half of  2025Armenia`s diamond trade decreased  by almost 50% in the first half of  2025
Arsen Torosyan: 420,000 citizens to benefit from pensioner cashback  program by the end of next yearArsen Torosyan: 420,000 citizens to benefit from pensioner cashback  program by the end of next year
State Revenue Committee,  EBRD, and Grant Thornton Armenia launch  skills development program for refugeesState Revenue Committee,  EBRD, and Grant Thornton Armenia launch  skills development program for refugees
 GIZ  entrusted with implementation of programs worth ?15.6 million as  part of Armenia`s technical cooperation with Germany GIZ  entrusted with implementation of programs worth ?15.6 million as  part of Armenia`s technical cooperation with Germany
Social Ministry`s program budget to be increased by 9.6% in 2026Social Ministry`s program budget to be increased by 9.6% in 2026
Armenia extending ban on export of ferrous and non-ferrous metal  scrap and waste until August 2, 2026Armenia extending ban on export of ferrous and non-ferrous metal  scrap and waste until August 2, 2026
IMF: Armenia- Azerbaijan improving relations to facilitate greater  regional cooperation and integrationIMF: Armenia- Azerbaijan improving relations to facilitate greater  regional cooperation and integration
Armenian government to support procurement process of Voskehat and  Areni grapesArmenian government to support procurement process of Voskehat and  Areni grapes
Armenia to get $250 million loan from  ADB to address housing needs  of internally displaced persons from Nagorno-KarabakhArmenia to get $250 million loan from  ADB to address housing needs  of internally displaced persons from Nagorno-Karabakh
New bridgework near Armavir - South Caucasus Railway New bridgework near Armavir - South Caucasus Railway 
EU to allocate EUR 5mln for enhancing Armenia`s nuclear safety and  radiation protection EU to allocate EUR 5mln for enhancing Armenia`s nuclear safety and  radiation protection 
Armenia`s Ministry of Finance proposes tax benefits for  government-funded programs Armenia`s Ministry of Finance proposes tax benefits for  government-funded programs 
Armenia, Argentina discuss prospects for joint technology projects Armenia, Argentina discuss prospects for joint technology projects 
Construction of 32-km-long section of Kajaran-Agarak highway must  meet high quality standards - official Construction of 32-km-long section of Kajaran-Agarak highway must  meet high quality standards - official 
Armenia attaches importance to continued cooperation with EIB in  implementing major infrastructure programs and  private sector  developmentArmenia attaches importance to continued cooperation with EIB in  implementing major infrastructure programs and  private sector  development
Tashir Capital will once again appeal to Public Services Regulatory  Commission on October 30th, demanding reduction in electricity  tariffs for populationTashir Capital will once again appeal to Public Services Regulatory  Commission on October 30th, demanding reduction in electricity  tariffs for population
Fourth meeting of EU-Armenia Investment Coordination Platform held in  YerevanFourth meeting of EU-Armenia Investment Coordination Platform held in  Yerevan
ENA former management  proposed reducing electricity tariffs to  Public Services Regulatory Commission, but the proposal was denied -  David GhazinyanENA former management  proposed reducing electricity tariffs to  Public Services Regulatory Commission, but the proposal was denied -  David Ghazinyan
Armenian-German intergovernmental talks starting in BerlinArmenian-German intergovernmental talks starting in Berlin
Connected, Convenient, Converse: Andranik Grigoryan Presents Converse Bank’s Digital Transformation Journey at the BACEE ConferenceConnected, Convenient, Converse: Andranik Grigoryan Presents Converse Bank’s Digital Transformation Journey at the BACEE Conference
In 2024, Armenia exported 48 million liters of bottled brandyIn 2024, Armenia exported 48 million liters of bottled brandy
In the first eight months of 2025, Armenia`s exports to Germany  exceeded the volume from 2024 - Economy MinisterIn the first eight months of 2025, Armenia`s exports to Germany  exceeded the volume from 2024 - Economy Minister
VWFA discusses opportunities to export Armenian wine to JapanVWFA discusses opportunities to export Armenian wine to Japan
Armenia`s 1,000 major taxpayers: trade sector has lion`s shareArmenia`s 1,000 major taxpayers: trade sector has lion`s share
RA State Control Service`s budget to be increased next yearRA State Control Service`s budget to be increased next year
More funds for RA premier`s staff, less for RA presidentia, staff, NA  in 2026More funds for RA premier`s staff, less for RA presidentia, staff, NA  in 2026
ArmSwissBank wins Ipra Golden World Award 2025 in climate change and literacy categoryArmSwissBank wins Ipra Golden World Award 2025 in climate change and literacy category
Underwater cable across Black Sea awaiting European Commission`s  approval Underwater cable across Black Sea awaiting European Commission`s  approval 
 Medium-term funding of professional research on certain bills  possible - minister  Medium-term funding of professional research on certain bills  possible - minister 
Public Services Regulatory Commission declined proposal to lower  electricity supply prices - Our Movement coordinator Public Services Regulatory Commission declined proposal to lower  electricity supply prices - Our Movement coordinator 
ANC vice-chairman releases new program proposalANC vice-chairman releases new program proposal
Condominium management rules to be modified in ArmeniaCondominium management rules to be modified in Armenia
Armenian Conference Interpreters Association: A Reliable Platform for Professional CollaborationArmenian Conference Interpreters Association: A Reliable Platform for Professional Collaboration
IDBank - Silver Sponsor of BACEE’s 50th Jubilee International Banking ConferenceIDBank - Silver Sponsor of BACEE’s 50th Jubilee International Banking Conference
Armenia named Europe`s Leading Heritage Destination 2025Armenia named Europe`s Leading Heritage Destination 2025
In 2026, 74.5 billion drams to be allocated  for  Economy Ministry`s   projectsIn 2026, 74.5 billion drams to be allocated  for  Economy Ministry`s   projects
RA Economy Ministry expects GDP per capita to exceed $9,000 by year  endRA Economy Ministry expects GDP per capita to exceed $9,000 by year  end
 Khudatyan: Armenia currently discussing subsidy program for  construction of storage plants  Khudatyan: Armenia currently discussing subsidy program for  construction of storage plants 
With complete unblocking of communications, at least two land roads  to open between Armenia and Russia - Economy Minister With complete unblocking of communications, at least two land roads  to open between Armenia and Russia - Economy Minister 
Read more
Exchange rates
31.10.2025
RUB4.73-0.02
USD382.65-0.07
EUR442.76-1.39
GBP502.42-1.81
CAD273.11-1.10
JPY24.83-0.03
CNY53.79-0.02
CHF477.00-1.40