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Energy sector investment modeling under uncertainty for RA from the view of energy security

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  • Ani Khalatyan

Abstract

The Armenian economy has been growing strongly in recent years. The country has successfully implemented a comprehensive stabilisation and a structural reform program in energy sector. Although now Armenia almost completely depends on imported energy. The most domestically produced primary energy is electricity from hydroelectric plants and one nuclear power plant. However, there are serious challenges: a. Sufficient electricity service b. Energy safety c. Maintenance of electricity service availability for consumers at the same time providing the financial vitality of the sector.

Suggested Citation

  • Ani Khalatyan, 2014. "Energy sector investment modeling under uncertainty for RA from the view of energy security," ERSA conference papers ersa14p1800, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa14p1800
    as

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    File URL: https://www-sre.wu.ac.at/ersa/ersaconfs/ersa14/e140826aFinal01816.pdf
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    References listed on IDEAS

    as
    1. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474, December.
    2. Christoph Weber, 2005. "Uncertainty in the Electric Power Industry," International Series in Operations Research and Management Science, Springer, number 978-0-387-23048-1, December.
    3. Rafal Weron, 2006. "Modeling and Forecasting Electricity Loads and Prices: A Statistical Approach," HSC Books, Hugo Steinhaus Center, Wroclaw University of Science and Technology, number hsbook0601.
    4. Dixit, Avinash, 1995. "Irreversible investment with uncertainty and scale economies," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 327-350.
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