New Projects, Nuclear, Reactors

Armenian nuclear power project to break ground in 2018

Construction of a new nuclear reactor in Armenia is expected to begin in 2018.
 
The Metsamor Nuclear Power Plant will be the site of a new 1,000-MW to 1,200-MW reactor that is expected to be finished in time to shut down an older reactor at the site. The dual-unit Metsamor plant was built in 1970, but was closed after an earthquake in 1988.  One of the reactors was restarted in 1995 and is expected to shut down in 2027.
 
Russia is expected to provide a $270 million loan to extend operation of the current plant until 2027, along with a nuclear island for the new project. Russia’s funding is in addition to a grant of $30 million.
 
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