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Russia Confirms Its Willingness To Participate In Funding The Constr

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  • Russia Confirms Its Willingness To Participate In Funding The Constr

    RUSSIA CONFIRMS ITS WILLINGNESS TO PARTICIPATE IN FUNDING THE CONSTRUCTION OF A NEW NUCLEAR POWER UNIT AT ARMENIAN NPP

    arminfo
    Wednesday, October 26, 17:41

    Russia confirms its willingness to participate in funding the
    construction of a new nuclear power unit at the Armenian Nuclear
    Power Plant (ANPP) and in its commissioning even after the tragic
    developments in Japan, Deputy Director General of Rosatom state
    corporation Nikolay Spassky told journalists in Yerevan after the
    12th sitting of the CIS Commission on the Use of Atomic Energy for
    Peaceful Purposes.

    "We are ready to participate in forming the financial package to
    implement this project and exploit the future second line", Spassky
    said. Thus, the representative of Rosatom refuted the rumors in
    the mass media that after the developments in Japan Russia lost
    its interest in constriction of a nuclear power unit in Armenia. He
    added that this project for Russia is one of the priority projects
    of international cooperation.

    The status of the project may only be determined by an
    intergovernmental agreement, which was signed in 2010 during Russian
    President Dmitry Medvedev's visit to Armenia, he said.

    "A year has passed since the signing of the intergovernmental
    agreement. Over this year we did much work in terms of elaboration of
    all packages on the agreement, including the financial one", he said.

    To remind, on 4 Dec 2009 the Government of Armenia took a decision on
    creation of the Armenian- Russian CJSC "Metsamorenergo" on a parity
    basis to build a new nuclear power unit in Armenia. The Russian side
    in the joint venture is represented by "Atomstroyexport" (structure
    of Rosatom) and the Armenian side - by the Ministry of Energy and
    Natural Resources.

    The project is preliminarily estimated at about 4-5 bln USD.

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