Thursday, February 13 2025 11:20
Alexandr Avanesov

Armenia needs new 600MW nuclear unit - ex-official 

Armenia needs new 600MW nuclear unit - ex-official 

ArmInfo. Taking into account the growth rate of the Armenian economy for the next 10 years, the construction of a new high-capacity nuclear power unit in  Armenia is impractical, especially given its further safe operation.  This was stated by former Deputy Minister of Territorial  Administration and Infrastructure of the Republic of Armenia Hakob  Vardanyan during the panel discussion "Energy Security of the  Republic of Armenia. Challenges and Solutions". 

According to him, only by ensuring annual and sustainable GDP growth  within 20% could we talk about the need to build a new unit with a  capacity of 1-1.2 thousand MW. Moreover, in this case, the price of  the new power unit will be no less important, which is necessary for  the formation of a competitive cost for the produced kilowatt-hour of  electricity in the region. Previously, the construction of such a  unit was about $8 billion, but today there is no such price. Capital  investments are estimated at a much higher volume, and the  possibilities for the constant export of electricity from the new  nuclear generation facility are reduced to a minimum. In conditions  where there is no super-competitive price and higher rates of  economic growth, it is impossible to talk about building a unit with  a capacity of 1-1.2 thousand MW.

Also, one should not discount the fact, Vardanyan continued, that at  present, during peak times, the volumes of electricity consumed in  the country do not exceed 1-1.2 thousand MW, and against this  background, the construction of a unit with a similar capacity would  mean 70-80% dependence on just one generating facility, which is  extremely dangerous from the point of view of the state's energy  security, since one must always keep in mind the possibility of its  shutdown for scheduled repairs, refueling, and emergency shutdowns  from the grid. 

"Based on my work experience, I can confirm that this is simply  impossible. All these factors taken together indicate the need to  build a new unit with a much lower capacity - up to 600 MW," said the  former deputy minister. He added that to ensure the flexibility of  the energy system, the republic needs small nuclear power plants,  preferably two stations with a capacity of 300 MW each. When choosing  a manufacturer of such units, it is very important to keep in mind  that relations with them must be maintained for 100 years, since  their service life is 60 years with the possibility of extending this  period for another 40 years. Here, it is also necessary to take into  account fuel supplies, maintenance during the entire period of  operation, etc. "When determining the model of a new NPP, we should  not forget about the geographical location of the country, in  particular, where the nuclear fuel will be supplied from. Our current  partner has settled issues related to logistics, but now it is very  important to know how the future partner will solve the problem of  supplies and the type of nuclear fuel," Vardanyan said.

He noted that the issue of building a nuclear power unit with a small  modular reactor in the country is also on the agenda of discussions  today.

"It would be great if we were dealing with a reference unit that has  already been built and proven its efficiency in other countries, but  since there are none, we need to find units of medium capacity - 600  or 300 MW. Such units, although there are not many of them, exist.  And then, we need to take into account that small NPPs and modular  NPPs are different stations. And it is not necessary for these units  to be necessarily of Western manufacture. In a word, a decision will  have to be made based on all of the above," the former deputy  minister emphasized, adding that as of today, there is not a single  NPP with a small modular reactor built in the world. One company in  the United States received a license to build six units with SMRs,  but was forced to abandon their construction due to high capital  costs. The former official noted that, together with American  partners, a decision was made to give points for each of the 450  aspects of the project, which will make it possible to decide on this  issue.

Currently the second program to extend the service life of the second  power unit of the Armenian NPP operating in the country is being  implemented by 10 years - until 2036. By this time, a new nuclear  power unit should be built in the republic. The problem rests on the  choice of its capacity. On August 1 of last year, by the decision of  the Cabinet of Ministers, ZAO "Construction of a new nuclear power  unit" was created, which should be engaged in the selection of the  manufacturer of the new NPP, the construction process itself and  further operation. The company is financed from the state budget of  the country. As expected, the first results of the studies will be  presented in the middle of this year.

POST A COMMENT
Input digits     


News
In 2024, salary fund in Armenia increased by 12% per annumIn 2024, salary fund in Armenia increased by 12% per annum
Finance Minister: If there were no conflict between Armenia and  Azerbaijan, the RA state debt would be less expensiveFinance Minister: If there were no conflict between Armenia and  Azerbaijan, the RA state debt would be less expensive
State Revenue Committee Head: Despite the absolute figures, tax  revenues in Armenia, compared to GDP, grew at an accelerated paceState Revenue Committee Head: Despite the absolute figures, tax  revenues in Armenia, compared to GDP, grew at an accelerated pace
Armenia`s Ministry of Finance to check public expenditure efficiency Armenia`s Ministry of Finance to check public expenditure efficiency 
Yerevan to host international tourism exhibition and business forum  ITF Armenia 2025Yerevan to host international tourism exhibition and business forum  ITF Armenia 2025
Activities supposed to pay VAT to be restricted in Armenia Activities supposed to pay VAT to be restricted in Armenia 
Large energy users to be allowed to sign energy contracts with  producers Large energy users to be allowed to sign energy contracts with  producers 
Armenia`s Central Bank forecasts 7% GDP growth in 2025Armenia`s Central Bank forecasts 7% GDP growth in 2025
Armenia`s Economic Competition Protection Commission fines  bookmaking offices AMD 1blnArmenia`s Economic Competition Protection Commission fines  bookmaking offices AMD 1bln
Armenia, Hong Kong to cooperate in abolishing double taxation Armenia, Hong Kong to cooperate in abolishing double taxation 
Armenia`s authorities incapable of solving budget planning problems -  Luys FoundationArmenia`s authorities incapable of solving budget planning problems -  Luys Foundation
RA Ministry of Finance, ADB signed loan agreement for the  construction of the northern section of the Sisian-Kajaran road as  part of the North-South transport corridorRA Ministry of Finance, ADB signed loan agreement for the construction of the northern section of the Sisian-Kajaran road as part of the North-South transport corridor
Armenia`s Ministry of Territorial Administration considering ADB`s  involvement in  reconstructing Dilijan and Pushkin tunnelsArmenia`s Ministry of Territorial Administration considering ADB`s involvement in reconstructing Dilijan and Pushkin tunnels
Martin Galstyan: Positive sentiment regarding a possible resolution  of the Russian-Ukrainian conflict is a key factor in strengthening  the rubleMartin Galstyan: Positive sentiment regarding a possible resolution of the Russian-Ukrainian conflict is a key factor in strengthening the ruble
CB Governor on 7.1% yield on Eurobonds: I don`t see anything  outrageousCB Governor on 7.1% yield on Eurobonds: I don`t see anything outrageous
Gevorg Papoyan: Armenia willing to enhance trade and economic ties  with  EU in all possible areasGevorg Papoyan: Armenia willing to enhance trade and economic ties with EU in all possible areas
Air Arabia to offer direct flights between Yerevan and Abu-DhabiAir Arabia to offer direct flights between Yerevan and Abu-Dhabi
Armenia`s Central Bank to leave the refinancing rate unchanged at  6.75%Armenia`s Central Bank to leave the refinancing rate unchanged at  6.75%
Armenia`s authorities plan taking out interest-free loans from  businesses for budget Armenia`s authorities plan taking out interest-free loans from  businesses for budget 
Armenia`s authorities seeking to replenish budget at any cost -  economist Armenia`s authorities seeking to replenish budget at any cost -  economist 
New barcoding system `headache` for businesses - official New barcoding system `headache` for businesses - official 
Russian gas supply to Armenia suspended Russian gas supply to Armenia suspended 
Pashinyan discusses product  labeling systemPashinyan discusses product  labeling system
Gevorg Papoyan: We are moving forward with  the current agenda, with a focus on diversifying the economyGevorg Papoyan: We are moving forward with  the current agenda, with a focus on diversifying the economy
The 5th issue of Eurobonds cost Armenia more than the previous ones:  Suren ParsyanThe 5th issue of Eurobonds cost Armenia more than the previous ones:  Suren Parsyan
Armenia`s minister of labor meets with U.S. public figures at U.S.  presidential residence Armenia`s minister of labor meets with U.S. public figures at U.S.  presidential residence 
Ticket packets 1.2% of total number of transport tickets in Yerevan Ticket packets 1.2% of total number of transport tickets in Yerevan 
Armenian Airlines suspends flights Armenian Airlines suspends flights 
Armenian MP explains $750mln Eurobon issue by Ministry of Finance Armenian MP explains $750mln Eurobon issue by Ministry of Finance 
Armenia`s premier attends opening ceremony of GTB Steel Company steel  reinforcement plantArmenia`s premier attends opening ceremony of GTB Steel Company steel  reinforcement plant
USD, RUB transactions continue growing in Armenia`s interbank foreign  exchange market Mar 10 to 14, 2025USD, RUB transactions continue growing in Armenia`s interbank foreign  exchange market Mar 10 to 14, 2025
Armenia`s SRC Head, EU Delegation Ambassador to Armenia discuss bilateral agendaArmenia`s SRC Head, EU Delegation Ambassador to Armenia discuss bilateral agenda
Armenia`s Ministry of Territorial Administration, ADB to develop an investment plan for climate change adaptation in Armenia`s road infrastructureArmenia`s Ministry of Territorial Administration, ADB to develop an investment plan for climate change adaptation in Armenia`s road infrastructure
Yerevan Municipality warns stoaways and othersYerevan Municipality warns stoaways and others
Armenia, Vietnam discuss opportunities for tourism developmentArmenia, Vietnam discuss opportunities for tourism development
Armenia, Estonia discuss trade, economic cooperation Armenia, Estonia discuss trade, economic cooperation
In 2024, Armenia increased its fish production to 27,000 tonsIn 2024, Armenia increased its fish production to 27,000 tons
4,664,972 AMD to QaylTech. The beneficiary of The Power of One Dram for March is the Heroes Rehabilitation City4,664,972 AMD to QaylTech. The beneficiary of The Power of One Dram for March is the Heroes Rehabilitation City
Global Finance recognizes Converse Bank as the Global Finance recognizes Converse Bank as the "Best Trade Finance Provider in Armenia "
Armenia`s government rejects Armenia`s government rejects "Hayastan" faction`s proposal to set minimum pension at cost of monthly food basket
Armenia government to support agricultural insurance programArmenia government to support agricultural insurance program
Ecotourism infrastructure to be improved in Armenia`s target communitiesEcotourism infrastructure to be improved in Armenia`s target communities
Armenia`s parliamentary opposition calls for refraining from further property tax rise, government rejects proposalArmenia`s parliamentary opposition calls for refraining from further property tax rise, government rejects proposal
Armenia`s government insists on universal income statements by  individuals Armenia`s government insists on universal income statements by  individuals 
Armenia`s economic growth nearing balanced dynamics - EDBArmenia`s economic growth nearing balanced dynamics - EDB
ADB ready to assist Armenia in hosting COP-17ADB ready to assist Armenia in hosting COP-17
Armenia`s Territorial Administration Ministry approved 32 subsidy programs totaling 8.86 billion dramsArmenia`s Territorial Administration Ministry approved 32 subsidy programs totaling 8.86 billion drams
First beekeeping center in Armenia will open in Lori region this summerFirst beekeeping center in Armenia will open in Lori region this summer
Armenia `moderately free` in 2025 Index of Economic FreedomArmenia `moderately free` in 2025 Index of Economic Freedom
Fewer tourists in Armenia since beginning of 2025 Fewer tourists in Armenia since beginning of 2025
Armenia`s Cabinet of Ministers, as a 20% shareholder of Viva Armenia CJSC, received dividends totaling 2 billion AMDArmenia`s Cabinet of Ministers, as a 20% shareholder of Viva Armenia CJSC, received dividends totaling 2 billion AMD
EAEU forms group to implement pilot programme of electronic  international waybills EAEU forms group to implement pilot programme of electronic international waybills
Formation of common EEC oil, gas, energy markets in progress -  minister Formation of common EEC oil, gas, energy markets in progress -  minister 
Armenia, India can use opportunities to develop economic cooperation  - FMArmenia, India can use opportunities to develop economic cooperation  - FM
MP: New tax rates can either decrease SMEs or lead to a larger shadow  economyMP: New tax rates can either decrease SMEs or lead to a larger shadow  economy
Face to Face with “The Power of One Dram”: The Regional Forum on Dialogue of Generations is just a few days awayFace to Face with “The Power of One Dram”: The Regional Forum on Dialogue of Generations is just a few days away
Investment companies call for improving government programmes of  capital market development in Armenia Investment companies call for improving government programmes of  capital market development in Armenia 
Samara airport receives Yerevan-Moscow flightSamara airport receives Yerevan-Moscow flight
Armenia`s minister of territorial administration inspects work in  progress at Zvartnots airport Armenia`s minister of territorial administration inspects work in  progress at Zvartnots airport 
Head of Mantashyants Business Club raises alarm over legislation by  Ministry of Justice Head of Mantashyants Business Club raises alarm over legislation by  Ministry of Justice 
Read more
Exchange rates
19.03.2025
RUB4.70-0.07
USD391.570.01
EUR426.77-1.44
GBP507.67-1.01
CAD273.31-0.64
JPY26.14-0.03
CNY54.15-0.02
CHF445.830.47