The Messenger, Georgia
May 4 2011
Armenia searches for energy market in case of construction of new
nuclear power station
By Messenger Staff
Wednesday, May 4
So far Armenia has no distinct market for selling electricity from the
proposed new nuclear power station, thinks analyst from Armenia Sevak
Sarukhanian. According to him the best option in this case is Iran,
however from a cost point of view Iran is not the best option as there
are no world market prices there. So in this case Armenia might use
Iran as a transit territory to export its electricity into other
Middle East and Persian Gulf countries. He also considers the option
of selling Armenian electricity to Turkey in case of the opening of
the border between the two countries. As for the option of selling
electricity from Armenia to Turkey via Georgia it is not yet
technically possible. So the analyst thinks that the new nuclear power
station will be profitable if there is a possibility of exporting to
other countries presumably to Turkey or transiting through Iran. As it
is known, the Armenian government is ready to construct a new nuclear
power station. Russian company Rosatom is likely to construct the
power station, the construction of which will cost around USD 5 bln
dollars.
From: A. Papazian
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Direct link to this article: https://www.armenianclub.com/2011/05/08/armenia-searches-for-energy-market-in-case-of-construction-of-new-np/