Over 20 Billion Drams for Doubling Operation Period of Nuclear Power Plant

Over 20 Billion Drams for Doubling Operation Period of Nuclear Power Plant

In 2024, 20.2 billion AMD will be allocated for doubling the operation period of the Armenian nuclear power plant, as RA Minister of Territorial Administration and Infrastructure Gnel Sanosyan stated during the discussion of the draft RA law "On the State Budget of the Republic of Armenia for 2024".

"As for the nuclear power plant, we have 2 ongoing processes. We have a program to extend the design period of operation of the nuclear power plant, which has been started for several years and continues. Within that program, 7 billion AMD are planned for continuing and accomplishing a number of works next year.

“Next year, we plan to start the program of double extension of the operation of the nuclear power plant, the goal of which is to extend the period of operation of our nuclear power plant with appropriate licenses and permits until 2036, whereas 20.2 billion AMD have already been planned for that purpose next year," Gnel Sanosyan noted.

Reminder: About 160 million USD will be needed to double the operation period of the second power unit of the ANPP, for which a loan will be taken from RA state budget. It is planned to increase the tariff of the sold electricity to repay the loan. 

November 01, 2023 at 13:28