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EU Not Intended To Finance Bilateral Projects

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  • EU Not Intended To Finance Bilateral Projects

    EU NOT INTENDED TO FINANCE BILATERAL PROJECTS

    Panorama.am
    19:39 06/02/2008

    The European Union is inclined to support the security system of
    constructing new power station in Armenia.

    Today Benita Ferrero-Waldner, the Commissioner for External Relations
    of the EU, held a meeting with the journalists. She talked about the
    EU financial support provided for the construction of power station
    in Armenia.

    She said that it was quite possible to fulfill the project with
    Russian support. The European Commissioner added that the EU does
    not finance bilateral projects.

    Benita Ferrero-Waldner said that the EU is concerned with closing the
    old power station. She said that EU has already transferred 30mln euros
    to reinforce the security system, but they also insist on closing it.

    Note that the president of "Rusatom" Sergey Kirienko arrived in Armenia
    recently. Today He said that Russia is also inclined to fulfil the
    construction of Armenian power station. He said that they could start
    the project in 2010-2011.
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