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Armenia has no money to close nuclear power plant

      RBC, 10.06.2004, Yerevan 09:20:50.The Armenian Nuclear Power Plant will work until alternative sources of energy are found, Armenian Prime Minister Andranik Markarian told reporters today. According to him, a lot of money is required for closing the nuclear power plant. "Unfortunately, we do not have such a sum," the Prime Minister added. Markarian underlined that the international community did not provide Armenia with adequate financing. "An amount of EUR100m is being considered, but this sum is insufficient for closing the Armenian Nuclear Power Plant and developing alternative sources of energy," the Prime Minister pointed out.

      According to Markarian, Armenian energy experts are studying every possible source of energy. Additionally, they are developing programs of reconstruction of the existing thermoelectric and hydroelectric power plants to support Armenia's independence in the energy sector, the ARKA news agency reported.

      As reported earlier, the EU plans to provide EUR100m for Armenia for the development of alternative sources of energy, after an exact date is set for closing the nuclear power plant, which was put in use in 1980. The power plant was stopped in 1989 and was put back in operation in 1995. The power plant generates about 40 percent of all electrical power in Armenia on average. Experts reckon the nuclear power plant can remain in operation until 2018.

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