21:19, July 10, 2012
The Armenian Government has made remarkable progress within the past 10 years in reforming country's energy sector and overcoming the difficulties faced in the 1990's. With assistance from international sources, government has taken serious steps to improve energy sector performance. The nuclear power plant was re-commissioned in 1995 and the reliability of energy supply has increased substantially. Nonpayment by customers has been reduced with practically all private consumers now paying for their energy use.
Armenia does not have fossil fuel resources; therefore, it has to import gasoline, natural gas, and heavy oil for its needs. Besides using fossil fuel, Armenia generates approximately 40% of its electricity using nuclear power plant and 35% using large hydro power plants. Armenia needs to develop its renewable energy resources to reduce its reliance on imported fuel.
Armenian News
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