YEREVAN, March 29. /ARKA/. Some $100 million will be spent in 2021-2023 on a string of measures designed to extend the service life of the Armenian Nuclear Power Plant (NPP), Territorial Administration and Infrastructure Minister Suren Papikyan said at a meeting last Friday chaired by Prime Minister Nikol Pashinyan.
According to the minister, a total of $65 million have already been invested in the modernization of the facility.
Papikyan spoke also about other projects being implemented in Armenia’s energy sector. According to him, the construction of a thermal power plant with the capacity of 250 MW will be completed this year, and the construction of the Masrik-1 solar power plant with a capacity of 55 MW will continue.
He said also a program designed for managing the wholesale electricity market has been tested since February 1, 2021.
He said the construction of the Iran-Armenia overhead power transmission line and the Noravan substation continues. According to him, the cost of projects implemented in 2019-2020 is as much as the cost of projects implemented in 2006-2019.
The minister said also the Caucasian Power Transmission Network program valued 188 million euros has been relaunched. Reconstruction of substations Haghtanak, Ashnak and construction of a new overhead power transmission line Lalvar-Noyemberyan with investments of $28 million have been completed. Reconstruction of substations Vanadzor 1, Charentsavan, Lichk, Agarak, Shinukhair continues.
The Armenian nuclear power plant, the only one in the South Caucasus region, is located near the town of Metsamor, about 30 km west of Yerevan. It accounts for about 40% of all electricity produced in Armenia.
The ongoing modernization of the NPP is being carried out by the Russian Rosatom state corporation.