Russian Reactor To Be Installed At The New Nuclear Power Unit In Arm


2009-12-03 14:03:00

ArmInfo. The government of Armenia made a decision, at Thursday
session, on creation of the Armenian-Russian Closed Joint Stock
Company, on a parity basis, for construction of a new nuclear power
unit at the Armenian NPP. The government’s draft decision was presented
by Armenia’s Minister of Energy and Natural Resources Armen Movsisyan.

According to him, the authorized capital of JV will make up 60 mln
drams (about $156,000 at the current rate). The Ministry of Energy
and Natural Resources of Armenia will contribute 30 mln drams (from
the Ministry-subordinate energy companies’ profit) to the authorized
capital. The participant from Russia is Rosatomstroyexport Company,
the minister said. According to A. Movsisyan, the government’s draft
decision offers to take the results of the analysis by Worley Parsons
management Company as a basis, according to which a reactor of Russian
produce with capacity of 1060 MW, 60-year operating life and European
security certificate will be installed at the new nuclear power unit
in Armenia. The government charged the Ministry of Energy and Natural
Resources of Armenia to organize placement of orders on installation
of the reactor island equipment with the relevant Russian companies.

To recall, the government of Armenia signed an owner-contractor
agreement with Worley Parsons Consortium, being a management company
in the project of construction of a new power unit in Armenia, in
2008 to the sum of $459,7 mln. Construction of a mew power unit will
start in 2012. The project will cost $4-5 bln. It will be expectedly
commissioned till 2017, before which the operating power unit of NPP
must be shut down.

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