Thursday, July 26 2018 13:16

RA Prime Minister: Armenian government expects to extend the life of  the second power unit of the Armenian NPP to 2040

RA Prime Minister: Armenian government expects to extend the life of  the second power unit of the Armenian NPP to 2040

ArmInfo. The Armenian government expects to extend the life of the second power unit of the Armenian Nuclear Power Plant (ANPP) until 2040. Prime Minister of the Republic  of Armenia Nikol Pashinyan stated in an interview with the radio station Ekho Moskvi.

By the specified date, as the head of the government noted, steps  will be taken to build a new nuclear power plant. "I'm counting on  Russia's help in this matter, because at the moment we do not have  enough financial resources to implement this project, but if our  Russian colleagues help us, we will gladly accept this assistance,"  said Nikol Pashinyan, adding that Armenia is not going to shut down  the nuclear power plant.

As ArmInfo analysts note, the Armenian prime minister first  officially announced the terms of the possible extension of the  operating second power unit of the ANPP until 2040. Previously, all  officials left the answer to this question, so as not to toughen the  already harsh position of the European Union, insisting on the  soonest closure of the bloc. Last year, the general director of the  station, Movses Vardanyan, ArmInfo that after 2026, when the unit  must be stopped, work will be carried out for its extension for  another five years, after which again after carrying out the  corresponding surveys of the main equipment, for another 10 years.  Thus, it is planned that the station will work until 2040. Prior to  this, the government of the country should determine the modification  and capacity of the new block in order to find sources of financing  and start implementing the project. At present, the program for the  extension of the life of the N2 power unit is continuing at the ANPP.  According to the deputy director general of the station, the director  of the program for the extension of Hera Sevikyan, since June 1 this  year.  The reactor of the station was stopped for a period of two  months. In 2018, the main front of the work will be to modernize the  reactor cooling systems, which will further improve the safety of the  unit, approaching world standards. In addition, in 2018, a huge  amount of work is to be done to modernize equipment for generating  electricity - turbines, capacitors, separators, output transformers.  Within this stage, it is planned to increase the unit's capacity by  17-20% without increasing the fuel consumption, which will make it  possible to increase the efficiency.  At present, the NPP unit  operates at 92% capacity, which is about 380 megawatts. After  modernization, the capacity will increase to 470-480 megawatts, which  will become a solid addition, allowing without additional problems to  begin servicing the loan of the Russian Federation.

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.  Completion of work is planned for 2019. The Government of the Russian  Federation allocated a $ 270 million state export loan to Armenia for  these purposes and a grant of $ 30 million. 

POST A COMMENT
Input digits     


News
Armenian-Polish business forum to be held in WarsawArmenian-Polish business forum to be held in Warsaw
Armenian Minister of Labor and Social Affairs briefs ADB  representatives on  country`s social protection prioritiesArmenian Minister of Labor and Social Affairs briefs ADB  representatives on  country`s social protection priorities
Converse Bank Receives BACEE Award for International Banking Cooperation at 50th Jubilee ConferenceConverse Bank Receives BACEE Award for International Banking Cooperation at 50th Jubilee Conference
JOIN US: Transfer Your Real Estate-Secured Loan to AraratBank on Favorable TermsJOIN US: Transfer Your Real Estate-Secured Loan to AraratBank on Favorable Terms
Yerevan to host  international tourism forum Yerevan to host  international tourism forum "Tourism Talks"
Austrian business delegation arrives in ArmeniaAustrian business delegation arrives in Armenia
Political Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  marketsPolitical Scientist: Armenia`s withdrawal from  Eurasian Economic  Union (EAEU) to result in its dependence on Azerbaijani and Turkish  markets
Financial Literacy Lesson with Idram JuniorFinancial Literacy Lesson with Idram Junior
Converse Bank Becomes the Diamond Sponsor of the 50th BACEE Jubilee ConferenceConverse Bank Becomes the Diamond Sponsor of the 50th BACEE Jubilee Conference
Economy Minister: First shipment of Kazakh grain will soon arrive in  Armenia via  Aktau-Baku railwayEconomy Minister: First shipment of Kazakh grain will soon arrive in  Armenia via  Aktau-Baku railway
Team Telecom Armenia supports  Koreez school competition Team Telecom Armenia supports  Koreez school competition 
Minister: Armenia officially requested Russia to extend the duration  of stay for Armenian drivers on its territoryMinister: Armenia officially requested Russia to extend the duration  of stay for Armenian drivers on its territory
Armenian Foreign Minister:  Armenia can play a crucial role in the  chain connecting Europe, the South Caucasus, and Central AsiaArmenian Foreign Minister:  Armenia can play a crucial role in the  chain connecting Europe, the South Caucasus, and Central Asia
Armenian banks` active lending policies driving double-digit profit  growthArmenian banks` active lending policies driving double-digit profit  growth
Team Europe continues to promote sustainable development in Syunik Team Europe continues to promote sustainable development in Syunik 
Freight carriers holding another protest outside government buildingFreight carriers holding another protest outside government building
Prospects for developing Kazakhstan-Turkmenistan-Iran-Armenia  logistics route discussed in Armenia Prospects for developing Kazakhstan-Turkmenistan-Iran-Armenia  logistics route discussed in Armenia 
Armenia, U.S.  discussed energy cooperation prospects Armenia, U.S.  discussed energy cooperation prospects 
Armenian farmers have harvested 205,000 tons of grapes to date  -  minister Armenian farmers have harvested 205,000 tons of grapes to date  -  minister 
 IMF planning to provide Armenia with new stand-by arrangement of  nearly $175 million IMF planning to provide Armenia with new stand-by arrangement of  nearly $175 million
From October 13 to 17, 2025, dollar transactions in Armenian  interbank foreign exchange market increasedFrom October 13 to 17, 2025, dollar transactions in Armenian  interbank foreign exchange market increased
Ambassador: UK willing to enhance collaboration with ArmeniaAmbassador: UK willing to enhance collaboration with Armenia
IDBank issued the 6th tranche of bonds of 2025 IDBank issued the 6th tranche of bonds of 2025 
Hovsep Patvakanyan: Over past 2-3 years, growing interest in  Armenia`s investment environment observedHovsep Patvakanyan: Over past 2-3 years, growing interest in  Armenia`s investment environment observed
RA Central Bank warning against fraud: bank24.am operates  outside  the scope of supervision of the Central Bank RA Central Bank warning against fraud: bank24.am operates  outside  the scope of supervision of the Central Bank 
Armenia hosting International Trade and Investment ForumArmenia hosting International Trade and Investment Forum
EEC taking measures to EAEU freight carriers` problems caused by  Russia`s migration policyEEC taking measures to EAEU freight carriers` problems caused by  Russia`s migration policy
Armenia nominated for World Travel Awards 2025Armenia nominated for World Travel Awards 2025
Armenia extends VAT-free import exemption for electric vehiclesArmenia extends VAT-free import exemption for electric vehicles
Armenian freight forwarders protest at amendments to Russian  regulation on status of foreign nationals Armenian freight forwarders protest at amendments to Russian  regulation on status of foreign nationals 
Armenian government supports ruling faction`s legislative initiative   to simplify  submission of declarations by individualsArmenian government supports ruling faction`s legislative initiative   to simplify  submission of declarations by individuals
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Armenia and Iran expressed their willingness to develop cooperation  in tourismArmenia and Iran expressed their willingness to develop cooperation  in tourism
Armenian premier presents State Award for Global Contribution to High  Technologies to Vincent RocheArmenian premier presents State Award for Global Contribution to High  Technologies to Vincent Roche
Team Systems presents innovative smart home solutions at DigiTecTeam Systems presents innovative smart home solutions at DigiTec
AraratBank Modernizes Matenadaran`s Security System AraratBank Modernizes Matenadaran`s Security System 
200 Scholarships for the Best Students. Ameriabank Announces a Contest for the Second Year in a Row 200 Scholarships for the Best Students. Ameriabank Announces a Contest for the Second Year in a Row 
RA Government making changes to mortgage lending agreements- billRA Government making changes to mortgage lending agreements- bill
Armenia`s authorities tighten regulation on mining in border regions Armenia`s authorities tighten regulation on mining in border regions 
Armenian producers increasing sales on marketplaces Armenian producers increasing sales on marketplaces 
Some real estate transactions could be completed electronically in  Armenia Some real estate transactions could be completed electronically in  Armenia 
EBRD, EDB, IFC principal investors in Armenia EBRD, EDB, IFC principal investors in Armenia 
Tobacco product prices to rise Tobacco product prices to rise 
20% y/y increase in grape harvest in Armenia 20% y/y increase in grape harvest in Armenia 
Loss ratio of MTPL contracts goes on decreasing Loss ratio of MTPL contracts goes on decreasing 
People aged 65 and over to be included in insurance system at first  phase of compulsory health insurancePeople aged 65 and over to be included in insurance system at first  phase of compulsory health insurance
Prime Minister discusses digital transformation of Armenia`s  healthcare system, following the French modelPrime Minister discusses digital transformation of Armenia`s  healthcare system, following the French model
Expert: Armenia has a fairly well-developed semiconductor electronics  clusterExpert: Armenia has a fairly well-developed semiconductor electronics  cluster
Yerevan highlights the importance of effective cooperation between  financial institutions in implementing investment programs in the  countryYerevan highlights the importance of effective cooperation between  financial institutions in implementing investment programs in the  country
AI is not future, it is present - Eduard MusaelyanAI is not future, it is present - Eduard Musaelyan
AI predetermines Armenia`s future - premier AI predetermines Armenia`s future - premier 
Armenia needs transition from `subsidizing stability` to `investing  in innovation` - Tigran Jrbashyan Armenia needs transition from `subsidizing stability` to `investing  in innovation` - Tigran Jrbashyan 
TeamPay presents its new digital payment card at DigiTecTeamPay presents its new digital payment card at DigiTec
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Gevorg Papoyan: TRIPP - collaboration exclusively with  U.S.Gevorg Papoyan: TRIPP - collaboration exclusively with  U.S.
Ardshinbank Offers 3% Cashback on Mortgage Loan Refinancing  Ardshinbank Offers 3% Cashback on Mortgage Loan Refinancing  
Germany to issue EUR 84.6mln for accumulators for solar panels Germany to issue EUR 84.6mln for accumulators for solar panels 
FLYONE ARMENIA announces promotion campaign FLYONE ARMENIA announces promotion campaign 
`Rebranding` of national debt in Armenia `Rebranding` of national debt in Armenia 
Share of Armenia`s top five trading partners 64% against 74% year ago Share of Armenia`s top five trading partners 64% against 74% year ago 
Read more
Exchange rates
22.10.2025
RUB4.68-0.02
USD382.51-0.02
EUR443.18-1.24
GBP509.20-2.74
CAD272.830.61
JPY25.190.01
CNY53.68-0.06
CHF480.00-1.47