Armenia is extending the operational life of its Metsamor Nuclear Power Plant until 2036, a strategic move to ensure long-term energy security while developing new energy capacities. This decision, announced by Foreign Minister Ararat Mirzoyan in May 2024, follows significant modernization efforts and upgrades to the plant, representing an investment of approximately $65 million, in close cooperation with Russia's Rosatom State Corporation through its subsidiary Rusatom Service. The Metsamor plant currently supplies about 40% of Armenia's electricity and has undergone refurbishments, including annealing of the reactor pressure vessel and upgrades to its cooling and power supply systems. These life extension projects are recognized internationally as a cost-effective method for maintaining low-carbon energy generation.
In parallel with the life extension of the existing facility, Armenia is actively exploring the construction of a new nuclear power unit. Discussions are underway with international partners, including the United States, Russia, China, and South Korea, to secure the most advantageous proposal for a new unit with a projected capacity of 1,000 to 1,200 MW. Prime Minister Nikol Pashinyan has stated that the selection will prioritize commercial terms, focusing on the best price, safest technology, and shortest investment payback period, free from geopolitical considerations. The exploration of new nuclear capacity also includes considering Small Modular Reactors (SMRs), with the U.S. being a notable partner in these discussions.
This dual approach of extending the operational life of existing infrastructure while planning for new, advanced facilities underscores Armenia's commitment to a sustainable and reliable energy future. The decision to extend Metsamor's life is a testament to the partnership between Armenia and Rosatom, alongside other international collaborators. The ongoing modernization and potential new construction reflect a forward-looking energy policy designed to meet growing energy demands and ensure national energy independence. The commitment to nuclear energy aligns with global efforts to mitigate climate change by providing a vital source of low-carbon electricity.
The extension of Metsamor's operational life until 2036 is intended to bridge the gap until new capacities can be brought online, ensuring a continuous and secure energy supply for the nation. This strategic initiative highlights Armenia's dedication to a resilient and sustainable energy landscape, balancing the continued operation of its current assets with the development of advanced new technologies.