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New Nuclear Power Plant Construction In Armenia Is Priority For Russ

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  • New Nuclear Power Plant Construction In Armenia Is Priority For Russ

    NEW NUCLEAR POWER PLANT CONSTRUCTION IN ARMENIA IS PRIORITY FOR RUSSIA

    Vestnik Kavkaza
    Oct 26 2011

    Cooperation on the construction of the second stage of the Armenian
    nuclear power plant is one of the priority projects of international
    cooperation for the Russian Federation, the Deputy Director General
    of State Corporation "Rosatom", Nikolai Spassky, said in Yerevan,
    News-Armenia reports.

    "We are not only ready, we want to participate. We are ready to
    participate in financing, the formation of a financial package for
    the project, and are willing to participate further in the future
    operation of the second stage of the station," Spassky said.

    According to estimates of the Ministry of Energy of Armenia, the
    project's costs could reach $5-6 billion. In order to attract foreign
    capital for this project, in 2006 the Armenian parliament abolished
    the state monopoly on ownership of new nuclear power units.

    As previously stated by the the head of Rosatom, Sergey Kiriyenko,
    Russia is ready to provide more than 20% of the funding for the
    project, another 20% comes from the Armenian side, and the remaining
    60% are expected to be covered by foreign investors.


    From: Baghdasarian
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