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On May 25, Armenian Energy Minister Artur Grigoryan said that under the Comprehensive Enhanced Partnership Agreement (CEPA) signed in November 2017, the European Union has agreed to extend the life of the Mechamol-2 nuclear power unit until 2026
.
CEPA will enter into force
after it has been ratified by all 28 EU member states and sub-governments.
It is reported that the only nuclear power plant in Armenia has two VVER-440 units, Unit 1 was connected to the grid for the first time in December 1976, and Unit 2 was connected to the grid for the
first time in January 1980.
The two units were shut down
after a strong earthquake in 1988.
In response to severe energy shortages, Asia restarted Unit 2 in 1995 with Russian help
.
The unit currently meets about 35% of Asia's electricity demand
.
The Armenian government has plans to build a nuclear power unit to replace the aging Unit 2
.
However, due to financing difficulties, the start of new construction projects has been delayed
.
Therefore, the government decided to extend the life of Unit 2 until 2026
.
This plan is supported by Russia
.
Russia will provide $270 million in loans and $30 million in funding
.
On May 25, Armenian Energy Minister Artur Grigoryan said that under the Comprehensive Enhanced Partnership Agreement (CEPA) signed in November 2017, the European Union has agreed to extend the life of the Mechamol-2 nuclear power unit until 2026
.
CEPA will enter into force
after it has been ratified by all 28 EU member states and sub-governments.
It is reported that the only nuclear power plant in Armenia has two VVER-440 units, Unit 1 was connected to the grid for the first time in December 1976, and Unit 2 was connected to the grid for the
first time in January 1980.
The two units were shut down
after a strong earthquake in 1988.
In response to severe energy shortages, Asia restarted Unit 2 in 1995 with Russian help
.
The unit currently meets about 35% of Asia's electricity demand
.
The Armenian government has plans to build a nuclear power unit to replace the aging Unit 2
.
However, due to financing difficulties, the start of new construction projects has been delayed
.
Therefore, the government decided to extend the life of Unit 2 until 2026
.
This plan is supported by Russia
.
Russia will provide $270 million in loans and $30 million in funding
.
