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EDB Ready To Co-Fund Nuclear Project In Armenia

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  • EDB Ready To Co-Fund Nuclear Project In Armenia

    EDB READY TO CO-FUND NUCLEAR PROJECT IN ARMENIA

    Yerkir
    26.08.2009 15:45

    Yerevan (Yerkir) - The Eurasian Development Bank (EDB) is considering
    the possibility of co-funding the construction of a nuclear-power
    plant in Armenia, Yevgeny Vinokurov, the head of the EDB Economic
    Analysis and Consulting Department, has said. He added that the bank
    is ready to join the project. However, no specific agreements have
    yet been reached.

    "This is a most expensive project, such a reactor is roughly
    estimated at around US $4bln," Vinokurov told reporters in Alma
    Ata, Kazakhtan. He pointed out that the EDB is also considering the
    possibility of funding a similar project in Belarus.

    Armenia plans to construct a new, 1,200 MW, nuclear power plant before
    the year 2016. The new nuclear reactor is to operate for 60 years,
    to be refueled every 18 months.
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