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MEDVEDEV, SARGSYAN TO DISCUSS RUSSIA'S INVESTMENT IN ARMENIA
RIA Novosti
August 20, 2010
YEREVAN
Russian President Dmitry Medvedev and his Armenian counterpart Serzh
Sargsyan will discuss the implementation of Russia's investment
projects in Armenia, including nuclear cooperation between the
countries, during Medvedev's visit to Yerevan.
The Russian president arrived in Armenia on a state visit on Thursday.
"Nuclear energy is one of the most promising spheres [of cooperation].
An intergovernmental agreement on cooperation in the construction of
a new generation nuclear power unit in Armenia is being prepared for
signing during the visit," the Kremlin said in a statement issued
ahead of Medvedev's visit.
Armenia plans to begin building the new nuclear power unit, with a
capacity of 1000WT, in 2011. The cost of the project could reach $5
billion. The unit is expected to be operational by 2017, when the
unit currently in service will be shut down.
A joint Russian-Armenian enterprise has been created to conduct
research to find out if Armenia has any uranium reserves. According
to expert estimates, the country could possess between 30,000 and
60,000 metric tons of recoverable uranium.
Russia has invested a total of $2,4 billion in Armenia's economy
since 1991, which accounts for about 60% of all foreign investment
in the country. Energy, banking, telecommunication, metallurgy and
construction are the main spheres of Russia's investment.
From: A. Papazian
RIA Novosti
August 20, 2010
YEREVAN
Russian President Dmitry Medvedev and his Armenian counterpart Serzh
Sargsyan will discuss the implementation of Russia's investment
projects in Armenia, including nuclear cooperation between the
countries, during Medvedev's visit to Yerevan.
The Russian president arrived in Armenia on a state visit on Thursday.
"Nuclear energy is one of the most promising spheres [of cooperation].
An intergovernmental agreement on cooperation in the construction of
a new generation nuclear power unit in Armenia is being prepared for
signing during the visit," the Kremlin said in a statement issued
ahead of Medvedev's visit.
Armenia plans to begin building the new nuclear power unit, with a
capacity of 1000WT, in 2011. The cost of the project could reach $5
billion. The unit is expected to be operational by 2017, when the
unit currently in service will be shut down.
A joint Russian-Armenian enterprise has been created to conduct
research to find out if Armenia has any uranium reserves. According
to expert estimates, the country could possess between 30,000 and
60,000 metric tons of recoverable uranium.
Russia has invested a total of $2,4 billion in Armenia's economy
since 1991, which accounts for about 60% of all foreign investment
in the country. Energy, banking, telecommunication, metallurgy and
construction are the main spheres of Russia's investment.
From: A. Papazian