In August the Armenian Government has announced that they have authorised the development and building of a 540 megawatt gas turbine power plant.
A Private company has received authorization for constructing a plant consisting of two 270 megawatt units and it has been agreed during negotiations that all of the risk will be carried by the company handling the project. The generated power is set to be exported and this could prove to be very lucrative. The Project is set to be implemented in 18 months.
At the moment Armenia derives its electricity from three-generation sources: nuclear (34 percent), thermal (32 percent), and hydropower (34 percent).
The nuclear power plant in Armenia is considered to be one of the most dangerous in the world, because of its location and its structure.
The Metsamor nuclear power station is only one of a few plants left without primary containment vessels.