

YEREVAN, November 18. /ARKA/. “Armenian Nuclear Power Station will be closed only after the construction of new nuclear power block", said Armen Movsisyan, Minister of Energy and Natural Resources of Armenia. He said that two reactors will be functioning in Armenia for a certain period of time. Maximum capacities of the functioning energy block will be used. Recently Armen Movsisyan met with the management of Ukrainian holding on production of turbines “Turboatom” in Yerevan.
“Viktor Subotin, General Director of “Turboatom announced about their willingness of investing 200 million dollars for modernization of Armenian Nuclear Power Station which will allow to prolong the dates of exploitation of the functioning station.
Ukrainian party suggested us to discuss such an opportunity and see whether it is advantageous for us. Currently we are discussing this proposal. But prolongation of exploitation date of Armenian Nuclear Power Station can only allow the Committee of International Experts”, said Movsisyan. In 2016 it is planned to perform global expertise of the station and its technical state, after which decision will be made whether to continue exploitation or not. “It is early to speak about prolongation of exploitation dates of the station,” said the Minister. Armenian Nuclear Power Station is located near the city Metsamor (about 30 km to the South from Yerevan).
It starts functioning in 1980 and terminated in March 1989 after the earthquake in Spitak in December 1988 which took lives of 25 thousand people. Second time it started functioning in November 1995 due to strong energy crisis in the country. Two power blocks of the station are equipped by Russian reactor ВВЭР-440 of first generation. At present functioning of the first block is terminated. The second block with the capacity of 407.5 MVt produces in average from 40% to 50% energy in Armenia. According to the assessments of the experts, the station can function till 2016.
Armenian Nuclear Power Station is under trust management of Open JSC “INTER RAO ES” since September 2003 till 2013, the owner of which is Russian state corporation "Rosatom". The date of license of Armenian Nuclear Power Station for the production of energy was prolonged on November 3, 2009 till June 10, 2014. Armenia plans to build new block of Armenian Nuclear Power Station with the capacity of about 1000 MVt. This project can cost about 5 billion dollars. With the aim of involving foreign capital for the implementation of the project, in 2006 the Parliament of Armenia cancelled the monopoly of the right of possessing new nuclear blocks. Construction works are planned to start from 2011 and the new block will function till 2017. Till that time the functioning energy block will be closed. Armenia and international consortium Worley Parsons signed a contract on management of the process of construction and montage of new energy block in the country on May 28, 2009 which will cost of 459.7 million dollars. Worley Parsons was recognized a winner of the relevant tender on May 12, 2009.-0-
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| Market exchange rates 02/09/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 365.03 | 1.29 |
| Euro | EUR | 1 | 468.19 | 3.8 |
| Russian Rоublе | RUR | 1 | 11.90 | 0.08 |
| Favorable еxchange rates of banks 03/09/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 366 ProCreditBank |
367.5 “ArmSwissBank” |
| Euro | 467 Byblos Bank Armenia ProCreditBank |
472 ArmBusinessBank Armenian Development Bank |
| RUR | 11.85 "VTB Bank (Armenia)" BTA Bank |
12 ACBA-CREDIT AGRICOLE BANK Ameriabank ProCreditBank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2010-06 | 106.7 |
| GBP, billion AMD | 2010-06 | 1332 |
| inflation, % | 2010-07 | 103.7 |
| Budget deficit (proficit), bln AMD | 2010-06 | 16.9 |
| trade deficit, mln USD | 2010-06 | -1281.2 |
| foreign trade turnover, mln USD | 2010-06 | 2116.8 |
| foreign trade turnover, % | 2010-06 | 129.8 |
| Gross External Reserves, mln. USD | 2010-06 | 1780 |
| Monetary base, billion AMD | 2010-06 | 434.5 |
| Money supply, billion AMD | 2010-06 | 786.6 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2010-06 | 13.8 |
| Legal entities in USD | 2010-06 | 12.6 |
| Individuals in AMD | 2010-06 | 22.6 |
| Individuals in USD | 2010-06 | 19.2 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2010-06 | 8.4 |
| Legal entities in USD | 2010-06 | 7.2 |
| Individuals in AMD | 2010-06 | 9.8 |
| Individuals in USD | 2010-06 | 5.4 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2010-06 | 9.6 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-07 | 13 |
| Repo | 2010-07 | 7.25 |
| Credit | 2010-07 | 10.25 |
| Depo | 2010-07 | 4.25 |