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EU wants Armenia to close its nuclear power plant

      RBC, 09.07.2004, Yerevan 09:43:10.The European Union is planning to collect funds to close the Armenian nuclear power plant, Janez Potocnik, a junior EU commissioner working with Enlargement Commissioner Guenter Verheugen, declared at a briefing in Yerevan, Armenia. According to him, the EU is ready to allocate up to EUR100m for this purpose and attract its partners to this project, the ARKA news agency reported.

      The closing of the nuclear facility is necessary for technological and seismic safety reasons, the commissioner specified noting that Bulgaria and Baltic states also faced such problems.

      At the same time, Potocnik admitted that this was a pretty complicated process, since new sources of energy were to be found. According to Armenian experts, some EUR1bn is necessary to create other energy generating facilities that would replace the capacity of the Armenian nuclear power plant.

      The facility was put into operation in January 1980. Due to some political circumstances it was closed in 1989. A second rector of the plant resumed generating energy in 1995. The capacity of each reactor is 407.5 megawatts. Experts believe that the power plant can operate until 2018.

      Financial flows of the Armenian nuclear power plant are managed by Inter RAO UES, which is a subsidiary of RAO UES (60 percent) and Rosenergoatom (40 percent).

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