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Financial Management Of Armenian NPP By Russia Prolonged For 5 Years

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  • Financial Management Of Armenian NPP By Russia Prolonged For 5 Years

    FINANCIAL MANAGEMENT OF ARMENIAN NPP BY RUSSIA PROLONGED FOR 5 YEARS

    ArmInfo
    2008-09-09 18:33:00

    ArmInfo. The financial management of the Armenian Nuclear Power
    Plant by CJSC 'Inter RAO UES' has been prolonged for 5 years, Head
    of the Rosatom State Corporation Sergey Kiriyenko told journalists
    in Yerevan, Tuesday.

    According to him, the 5-year agreement on financial management of the
    ANPP, the term of which is expiring in 2008, was quite efficient. 'Good
    cooperation was established between the parties, therefore we are
    prolonging the agreement', Kiriyenko said. He came to Yerevan on
    Sep 9, met Armenian Energy Minister Armen Movsissyan at the ANPP
    and discussed with him the wide range of energy cooperation in the
    10-year outlook. He expressed content with the current state of the
    ANPP and expressed confidence that it will safely ensure electric
    power supply till 2016.

    To recall, in September 2003 the ANPP was handed over to the financial
    management of the 'Inter RAO UES' CJSC, a branch of the RAO 'UES of
    Russia' for five years. Two power units with a total capacity of 815
    MW are installed at the ANPP. The first unit was put into operation in
    1976, the second one - in 1980. In 1989 the operation of both units
    was stopped for political reasons. In November 1995 the second 408
    MW unit was re-launched.
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