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Russia Wants To Be Sole Constructor Of New Armenian NPP

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  • Russia Wants To Be Sole Constructor Of New Armenian NPP

    RUSSIA WANTS TO BE SOLE CONSTRUCTOR OF NEW ARMENIAN NPP

    news.am
    February 16, 2012 | 18:30

    YEREVAN. - Fifty per cent of financing of new unit of the Armenian
    Nuclear Power Plant will fall on Russian state-run Rosatom company,
    said Armenian Energy Minister Armen Movsisyan.

    He said that during the recent visit of Rosatom head Seregy Kiriyenko
    the sides re-affirmed previously agreed commitments.

    "The Russian side offers to seek 50% of financing without attracting
    new companies. We must assess the situation," he told journalists
    on Thursday.

    In this case the only option is to obtain credit, but the Armenian side
    prefers to involve other companies which will make better investment
    proposals, he added.

    French companies have expressed aspiration to participate in the
    construction of a new NPP power unit.

    Unless new investors are found, the Armenian side will accept Russia's
    proposal, Movsisyan said.

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