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Future Plans:
In 2007, the authorities in Yerevan agreed and and announced that they have to close the Metsamor Nuclear Power Plant, as there was too much pressure on them by the United States and the European Union.They announced that Metsamor will stop working only if they find a new source of power which will cover more than the 40% of Armenia's electricity. In the days of former President Robert Kocharyan, the Armenian Government affirmed that there are plans to build a new nuclear power plant which will have modern safety.

Serzh Sargsyan, in 2008, supported the idea proposed, by saying that it is one of the most important plans. According to the Armenian Energy Minister Armen Movsisian, the construction will take at least five years. Approximately, the cost of the project will be $5 billion, which cannot be covered by the Armenian Government on its own, and needs some foreign investments. The U.S. shows support to this plan, and invested the first $2 million, for the first studies. Other than this investment, the only copany that expressed publicly its interest in this project is the Russian Federal Agency on Atomic Energy (Rosatom) and its state-owned Atomstroyexport company. The Armenian and Russian governments started to examine the issue in 2007.

The new nuclear power plant will be 2 times more powerful than Metsamor with a capacity of 1,000-1,200 megawatts AES-92 unit which will leave Armenia with a massive electricity which may let Armenia export electricity. In 2009, the Armenian Government approved the plan to be a 50-50 Armenian-Russian establishment by the Ministry of Energy and Natural Resources with the company Atomstroyexport. Rosatom will be providing the V-392 reactor equipment, and this was signed in an agreement in 2010. Another agreement in 2010 was with the Russian Government, that the Russian party has to build at least one VVER-1000 reactor. The plan was expected to start in 2013. Metzamorenergoatom will fund no less than 40% of the costs and Russia agreed to fund the 50% in 2012, which ended up to 35% in 2013. At the end, in 2014, the minister of energy announced that Russia is expected to provide $4.5 billion out of $5 billion. And in May 2014, the Armenian Government approved that the construction will start in 2018.

However, in 2015, The Minister of Energy and Natural Resources, Yervand Zakharyan approved that the plan has been delayed because of the Fukushima accident.