The Armenian government is reviewing its previous approach to the capacity of the future nuclear power plant amid a rapid increase in electricity consumption. Prime Minister Nikol Pashinyan stated that a small modular nuclear power plant, which the authorities had previously focused on, would most likely be insufficient. According to him, about a year ago the country had an excess of electricity, but now it faces a deficit.

Pashinyan cited large investment projects, including those related to artificial intelligence, as one of the reasons for the change in the situation. Companies operating in this area are already approaching the government with requests for significant volumes of electricity. The previously existing reserve of generating capacities has been in demand for new projects, so Armenia will have to simultaneously consider increasing its own generation and the possibility of importing electricity.

Against this background, the authorities are studying the option of building a new nuclear power plant with a capacity of about 1000 MW. Pashinyan emphasized that there is no final decision yet: specialists are evaluating the parameters of the future energy system. At the same time, the Prime Minister noted the need to take into account not only current demand, but also the country's needs in about 10 years, and the government intends to decide on further actions in the coming months.

Сейчас на главной

Renderforest Receives US Permit to Supply NVIDIA GPUs, Relocates Video Processing to Armenia

Renderforest Receives US Permit to Supply NVIDIA GPUs, Relocates Video Processing to Armenia

AI platform transitions to its own fine-tuned model, attracts approximately 25,000 new users daily, and already uses AI for over 60% of created videos

Pashinyan Instructed to Develop Alternative Roads Due to Increase in Car Numbers

Pashinyan Instructed to Develop Alternative Roads Due to Increase in Car Numbers

The Prime Minister of Armenia stated that congestion could affect not only major cities but also interstate and republican highways

Nvidia names Armenia a potential regional AI hub

Nvidia names Armenia a potential regional AI hub

Company Vice President Rev Lebaredian linked the prospects of Armenia and Kazakhstan to the development of computing infrastructure, training of specialists, and creation of technology companies

Microchip Technology expands operations in Armenia - company prepares new investment programs

Microchip Technology expands operations in Armenia - company prepares new investment programs

The American manufacturer discusses with authorities the development of projects in Gyumri, Vanadzor, and Ijevan, as well as conditions for importing semiconductor products

Tax revenues in Armenia exceeded 2 trillion drams in 8 months

Tax revenues in Armenia exceeded 2 trillion drams in 8 months

Budget revenues from taxes and state duties increased by 14.6%, while the amount of funds returned to taxpayers increased by almost 13%

Russia is ready to restore Armenia's railways to Nakhchivan and Turkey

Russia is ready to restore Armenia's railways to Nakhchivan and Turkey

Moscow awaits Yerevan's response to the proposal to restore two sections of railway infrastructure under RZD concession

Armenia Bets on Physical AI to Bring Engineering Developments to the Global Market

Armenia Bets on Physical AI to Bring Engineering Developments to the Global Market

The anniversary Engineering Week 2026 is dedicated to integrating artificial intelligence, robotics, and engineering, as well as developing ties with the European technology ecosystem

Armenia could receive a disproportionately large effect from the Middle Corridor - World Bank

Armenia could receive a disproportionately large effect from the Middle Corridor - World Bank

The country's direct connection to the Trans-Caspian Transport Route is expected in the 2030s, with necessary infrastructure investments estimated at tens of billions of dollars

Armenian NPP Can Operate Until 2046, But Extension Could Double Electricity Costs

Armenian NPP Can Operate Until 2046, But Extension Could Double Electricity Costs

Rosatom sees no technical obstacles to operating the plant until 2036, and the possibility of further operation for another 10 years is already being studied

Rosatom expects power shortage in Armenia

Rosatom expects power shortage in Armenia

Alexey Likhachev linked the forecast to increased electricity consumption and the decommissioning of the Metsamor Nuclear Power Plant

Armenia Postpones Consideration of Bill on Mobile Phone IMEI Registration

Armenia Postpones Consideration of Bill on Mobile Phone IMEI Registration

The project proposes creating a unified database of device identifiers to combat illegal smartphone trafficking and address tax issues

Solar power plants in 2025 provided 16.3% of all electricity generated in Armenia

Solar power plants in 2025 provided 16.3% of all electricity generated in Armenia

Unibank joined the Solar Energy Association of Armenia