YEREVAN, SEPTEMBER 15, ARMENPRESS: A study conducted by the Yerevan-based Energy Strategy Center has revealed that electricity consumption in Armenia may reach 16-17 billon kw/h annually by 2020, as much as was consumed by the nation in 1988 before the disintegration of the former Soviet Union, when Armenia was rated as one of the most industrialized Soviet republics.. The study, assisted by the government of Armenia and the International Atomic Energy Agency (IAEA), was to explore Armenia’s power grid’s development potentialities (including also the nuclear power plant capacities) by 2020.
Currently Armenia produces some 6 billion kw/h of energy. Part of the expected to be produced electricity will be shipped to Armenia’s neighbors, especially that the system is technically able to do it and given that no political problems will hinder it.
According to another, pessimistic version of developments, the volume of to be consumed energy by 2020 may reach only 10 billion kw/h, though the current electricity generating facilities are able to generate some 18 billion kw/h of electricity.
According to the study, price of one kw/h can be set at 5 US cents. By the way, Armenia has the highest electricity price among other former Soviet republics, but it is rather low of that in developed countries.
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