ArmInfo. The electricity tariff from the Armenian Nuclear Power Plant will not change. This follows from today's government decision, which postponed the repayment deadlines for loans and interest received by the plant.
The justification for the draft Cabinet resolution recalls that, as part of the first program to extend the life of Unit 2 of the Armenian Nuclear Power Plant, a $270 million loan and a $30 million grant were previously received from the Russian Federation.
The NPP then received a government loan of 63.2 billion drams. As a result, the company was required to begin repaying not only the principal amount of the borrowed funds but also interest rates, which were to be reflected in the tariff for the electricity generated by the NPP.
According to a government decision, the payment deadlines for 2.285 billion drams of electricity tariff payments, due from February 1, 2026, to January 31, 2027, are being postponed to the period from June 25, 2027, to December 25, 2031. Payments will be made semi-annually according to the repayment schedule. The corresponding amendments will be made to the loan agreement between the plant and the Ministry of Finance.
The tariff from the Armenian Nuclear Power Plant (15.095 drams per 1 kWh) is the lowest among all power generation facilities. This directly impacts the tariff for end consumers. Thus, the plant helps prevent tariff increases, although the program for the repeated extension of the second power unit of the Armenian Nuclear Power Plant requires significant financial resources. The Armenian government is allocating $160 million for this purpose. The program will extend the unit's service life until 2036. Since April 1, the station has been in a five-month downtime, during which work will be carried out to improve safety levels and replace many components and mechanisms.
