According to Hayk Harutyunyan, Energy and Natural Resources Deputy Minister, the state of the energy sector in Armenia is balanced. Under him, the energy consumption is planned to reduce by 30%. 'It's a huge figure and will change all the rules in energy market...' the deputy minister mentioned. He says Armenia produced energy four times more than it can consume. 'It means that extra capacities are a burden for us, that's why we want to establish ties with Georgia and Iran to export them.'
The deputy minister attached much attention to diversification as one of the cornerstones of energy sytem. 'Currently we are implementing a wide-scale program – Iran-Georgia-Armenia, which will enable to export huge amounts of electricity. Our cornerstone is electricity efficiency, which means we should use them renewable energy resources of Armenia.'
In 2015 Armenia had the highest number in nuclear energy production- 332 million kWh as compared with the previous years. The electricity produced last year by the thermal power plants was much less. 'Next it's turn for nuclear energy: we will preserve nuclear energy sector and plan the construction of a new nuclear power plant. It will cost around 4 billion Euros. A new nuclear power plant won't be constructed, if it isn't economically beneficial. We want to construct a new nuclear power plant through private investors,' said Hayk Harutyunyan, Energy and Natural Resources Deputy Minister, during his speech made at 'Sustainable Energy Systems in the South Caucasus: Reality or Illusion?'
16:48 February 29, 2016