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Medvedev: Moscow, Yerevan Will Continue Discussing Prospects Of Arme

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  • Medvedev: Moscow, Yerevan Will Continue Discussing Prospects Of Arme

    MEDVEDEV: MOSCOW, YEREVAN WILL CONTINUE DISCUSSING PROSPECTS OF ARMENIAN NUCLEAR ENERGY SECTOR

    Interfax
    Oct 24 2011
    Russia

    President Dmitry Medvedev said investment cooperation between Russia
    and Armenia in the energy sector, including nuclear and thermal energy,
    has good prospects.

    "Russian companies ship natural gas to Armenia on a regular basis and
    they are active in the electricity sector. The first energy generating
    unit of the Razdan thermal power plant is to be commissioned soon.

    This project is expected to bring our energy cooperation to a higher
    level," Medvedev said in response to a question from Interfax at a
    news conference after talks with Armenian President Serzh Sargsyan.

    "But we must not confine ourselves to energy alone, he said, noting
    that Russian investment in Armenia amounts to almost $3 billion. This
    figure will hopefully grow, he said.

    Russia is aware of the importance its Armenian friends attach to
    infrastructure projects, especially the ones related to railway
    services, he said. "We discussed new ideas on how the serious situation
    in Armenia [in terms of handling transport flows] could be settled,"
    he said.

    "I hope Russia, Armenia and third countries will jointly improve this
    situation," he added.

    On prospects of nuclear energy in Armenia, he said that "this sector
    is in need of large-scale investment, since it is not a cheap project,
    given the high standards applied in it."

    "We continue discussing this project and I hope we will devise optimal
    ways of cooperating in the nuclear sector," Medvedev said.

    Investing in communications and information technology holds much
    promise, too, he said. Armenia started actively introducing broadband
    Internet services even earlier than Russia, he added.

    Sargsyan in turn said that Russian investors feel comfortable in
    Armenia and that their rights and interests have never been breached.

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