Armenia expects Russia to cut nuclear fuel price for its NPP

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SOCHI, April 16. /ARKA/. The Armenian nuclear power plant expects Russia to cut the price of nuclear fuel supplied to it , the facility’s CEO Movses Vardanyan told Armenian journalists on the sidelines of AtomExpo 2019 international forum that kicked off today in the southern Russian city of Sochi.

According to Vardanyan, the Armenian NPP has no problems with the nuclear fuel as part of last year’s supply is still there.

He said also that a meeting with the Russian nuclear fuel supplier company was scheduled for April 16, when the schedule of supplies of the next batch of nuclear fuel and its price would be discussed. “We will seek the maximum possible drop in the price,” Vardanyan said.

Armenian NPP was brought to a halt on June 1 for a period of 110 days for complete repair and refueling with nuclear fuel.

The Armenian Nuclear Power Plant is located some 30 kilometers west of Yerevan. It was built in the 1970s but was closed following a devastating earthquake in 1988. One of its two VVER 440-V230 light-water reactors was reactivated in 1995.

In March 2014, Armenian government decided to extend the plant’s service life up to 2026 because of delay in building a new unit. The service life extension has become possible thanks to Russia’s financial resources. The country provided $270 million to Armenia as a loan and $30 million as a grant.

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