Armenian Regulators Approve $3 Million Nuclear Plant Investment

 Armenian Regulators Approve $3 Million Nuclear Plant Investment

Regulators in Armenia approved an AMD 1.5 billion ($3.04 million) investment program for a nuclear power plant project.
The program includes replacing dilapidated equipment in the turbine section and modernizing the reactor section. It also includes spending for replacement of out-of-date radiation barriers and modernizing the seismic protection. An official said more financing will need to be found because $270 million in loans and $30 million in grants from Russia, in addition to technical assistance from the International Atomic Energy Agency, are not sufficient.
The Armenian nuclear power plant was built in the 1970s but closed after an earthquake in 1988. One of the two VVER 440-V230 light water reactors restarted in 1995. Officials plan to build a new nuclear plant that is supposed to operate at twice the capacity of the current one.
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