Armenian Nuclear Power Plant (ANPP) to Receive 20.1 Billion AMD Budget Loan for Unit Life Extension
09.07.2026,
17:05
At a meeting on Thursday, the Armenian government approved a 20.1 billion drams budget loan to the Armenian Nuclear Power Plant (ANPP).
YEREVAN, July 9. /ARKA/. At a meeting on Thursday, the Armenian government approved a 20.1 billion drams budget loan to the Armenian Nuclear Power Plant (ANPP). According to the rationale for the decision, the funds are intended to finance the repeated life extension and modernization of Unit 2 of the ANPP.
Previously, from 2020 to 2025, the ANPP received a 63.2 billion drams budget loan as part of the first program to extend the design life and modernize Unit 2 until 2026.
Subsequently, in September 2023, the government approved a program to further extend the design life and modernize Unit 2 of the ANPP until 2036. $160 million has been allocated for the program's implementation.
About the Armenian Nuclear Power Plant
The Armenian Nuclear Power Plant is the only nuclear power plant in the South Caucasus region. It is located near the town of Metsamor, approximately 30 km west of Yerevan. The plant is one of the country's key sources of electricity, providing up to 40% of its total generation.
Armenian authorities plan to build a new nuclear power plant within 8-10 years. Various options and the experience of partners from the United States, France, China, Russia, and South Korea are currently being studied.
A preliminary feasibility study for the construction of a new 1,200 MW unit, developed by the Rosatom state corporation, is already under review by the Armenian side.
Earlier, Rosatom First Deputy Director General Kirill Komarov, in response to a question from the ARKA news agency, stated that the corporation could offer Armenia nuclear reactors with capacities ranging from 50 to 1,000 MW. According to him, it is possible, in particular, to “assemble” a reactor of any capacity from 50 MW units.
Previously, from 2020 to 2025, the ANPP received a 63.2 billion drams budget loan as part of the first program to extend the design life and modernize Unit 2 until 2026.
Subsequently, in September 2023, the government approved a program to further extend the design life and modernize Unit 2 of the ANPP until 2036. $160 million has been allocated for the program's implementation.
About the Armenian Nuclear Power Plant
The Armenian Nuclear Power Plant is the only nuclear power plant in the South Caucasus region. It is located near the town of Metsamor, approximately 30 km west of Yerevan. The plant is one of the country's key sources of electricity, providing up to 40% of its total generation.
Armenian authorities plan to build a new nuclear power plant within 8-10 years. Various options and the experience of partners from the United States, France, China, Russia, and South Korea are currently being studied.
A preliminary feasibility study for the construction of a new 1,200 MW unit, developed by the Rosatom state corporation, is already under review by the Armenian side.
Earlier, Rosatom First Deputy Director General Kirill Komarov, in response to a question from the ARKA news agency, stated that the corporation could offer Armenia nuclear reactors with capacities ranging from 50 to 1,000 MW. According to him, it is possible, in particular, to “assemble” a reactor of any capacity from 50 MW units.
