It is yet too early to name the country that will construct a new nuclear power unit in Armenia, RA Minister of energy and Natural Resources Armen Movsisyan told NEWS.am.

“We have not yet reached the stage when countries state their willingness to put in tenders for construction,” he said. The Minister refuted media reports that Russia will reduce gas prices for Armenia in exchange for the construction right.

The talks about the price reduction have nothing in common with the construction project, Movsisyan said. As regards the possibility of Armenian energy export to Turkey, the Minister said that it is quite realistic, as Armenia and Turkey have been negotiating the issue for a year.

Тhe RA Parliament has adopted in the third reading the bill “On construction of a new power unit in Armenia.” The document provides for the construction of a new power unit/units with a total capacity of 1.2MW and operating life of 60 years.

The construction project is estimated at U.S. $4.5-5bn and is of high importance for Armenia, as the neighboring states have energy deficit. Armenia is the only country in the region that is capable of generating energy not only for domestic needs, but also export.

During his recent visit to Yerevan President of the Rostom Corporation Sergey Kiriyenko stated that Rosatom is ready to render its services to Armenia, using the most reliable technologies.