Worley Parsons to manage Armenia's $5bn nuclear plant project

20 May 2009 - Armenia is going to construct a new nuclear power plant in place of its Metsamor nuclear plant by the start of 2011, Energy and Natural Resources Minister Armen Movsisian said, with Australia's Worley Parsons set to manage the project.

The projected capacity of the new nuclear plant will be 1000 MW to 1200 MW, which would be more than double of Metsamor's sole operating reactor that generates more than 40 per cent of Armenia's electricity. The Soviet-built Metsamor reactor is due to be decommissioned in 2017.

"According to preliminary estimates, the new atomic block will cost approximately $5 billion," Movsisian said. "A more precise figure will emerge after the completion of design works."

Movsisian said, "In my opinion, the construction work will start at the end of next year or at the beginning of 2011."

Last week, the Armenian government has announced Worley Parsons, an Australian engineering company, as the winner of an international tender for the right to manage the ambitious project. The two sides are due to hold negotiations and sign a related contract soon.

"The next step will be to design the future block, after which we will enlist and select potential investors," said Movsisian. "That will be followed by the design work and the construction process itself." The company that will carry out the construction will be chosen in a separate tender, Movsisian said.

Sponsored by FLSmidth

Related Articles

Argonne, nuclear companies researching advanced reactor design

The Argonne National Laboratory in Illinois is partnering with three nuclear companies on advanced nuclear reactor design research.

TVO Olkiluoto 3 Areva-Siemens Finland nuclear reactor Olkiluoto 4

TVO may cut jobs due to delayed nuclear reactor, low power prices

Finnish nuclear utility TVO said it may cut up to 110 jobs due to decreased power prices and increased construction costs from a delayed nuclear project.

Follow Power Engineering on Twitter
Latest News

Westinghouse, European partners to supply nuclear fuel

Westinghouse Electric Co. and eight European consortium partners received 2 million euros ($2...

Appeals court backs MSHA on plan for mine serving Prairie State

The U.S. Court of Appeals for the District of Columbia Circuit has agreed with a branch of th...

Appalachian Power explains lack of more coal-to-gas conversions

The Appalachian Power Co. (APCo) unit of American Electric Power (NYSE:AEP) told the West Vir...

Court rules against limits on power plant mercury emissions

A divided Supreme Court on Monday ruled against federal regulators' attempts to limit power p...

SunEdison purchases wind power portfolio from TerraForm Power

SunEdison Inc. (NYSE: SUNE) and TerraForm Power Inc. (Nasdaq: TERP) closed on the acquisition...

European regulators clear Siemens' buyout of Dresser-Rand

European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equip...

Proposed Md. smog regulations get an airing at hearing

Environmentalists are raising a stink about Maryland's approach to air pollution.

Germany's oldest remaining nuclear plant shuts down

Germany's oldest remaining nuclear reactor has been shut down, part of a move initiated four ...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover1
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Product Listings

Nondestructive Examination and Testing

Advanced nondestructive examination, NDE, techn...

Engineering Services

Structural Integrity Associates, Inc. (SI) is a...

Buyers Guide Company Listings

Power Industry Wire News

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at the Oil & Gas Confernce(R) 20; Conference Dates Are August 16-20, 2015

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at the Oil & Gas Con...

DEKRA Announces Porsche North America's Porsche 911 RSR Green Challenge Winner of TUDOR Championship Race in Watkins Glen, NY

DEKRA Announces Porsche North America's Porsche 911 RSR Green Challenge Winner of TUDOR...

CH2M-Led Team to Manage and Operate Canadian Nuclear Laboratories

CH2M-Led Team to Manage and Operate Canadian Nuclear Laboratories

ZBB Energy Announces Adjournment of Special Meeting

ZBB Energy Announces Adjournment of Special Meeting

DEKRA Certification to Present Webinar on Sustainability Management Systems

DEKRA Certification to Present Webinar on Sustainability Management Systems

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>