Construction of Modern Nuclear Power Plant a Viable Option

YEREVAN (Armenpress)–Armenia’s energy Minister Armen Movsisian said that Armenia’s nuclear power plant will operate until an alternative energy source–with the capacity of producing the same amount of energy at equal cost is found. He added that the European Union’s proposed $100 million in assistance covers only an eighth of the total funds necessary to find an alternative energy source.

He suggested that the construction a modern nuclear power plant in Armenia presents a more viable solution than the option of producing alternative energy; however–Movsisian noted that Armenia’s budget is unable to cover the immense cost in building a new plant.

Asked about the handling of nuclear waste–the minister said that by way of a grant from the French government–dry warehouses currently in use were built for that specific purpose.

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