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Armenia To Likely Engage Investors In Construction Of New Nuclear Po

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  • Armenia To Likely Engage Investors In Construction Of New Nuclear Po

    ARMENIA TO LIKELY ENGAGE INVESTORS IN CONSTRUCTION OF NEW NUCLEAR POWER PLANT, PM SAYS

    tert.am
    26.11.12

    Russia will finance 50% of the construction of new nuclear power
    plant in Armenia and the Armenian side will ensure the rest 50%.

    Speaking to Russian Interfax news agency, Armenian Prime Minister
    Tigran Sargsyan said the arrangement has been reached with the
    Russian side.

    "We may probably review our share of participation and engage private
    investors. In any case our Russian partners are ready to discuss the
    variant as we have received interesting proposals from big investors,
    searching for sector to invest their capital. So, we do not exclude
    such variant. We also do not exclude taking a loan," the Armenian
    PM said.

    According to the project, the construction of the plant was to start
    in 2014 but the case with Japan Fukushima delayed the process.

    Tigran Sargsyan said investors from the USA, Japan and Middle East
    expressed interest in the project, but negotiations are not being
    held with them.

    The PM did not exclude the possibility of taking Russian loan for
    the implementation of the project.

    "It is one of the alternative ways. Opportunity of getting loan from
    European anti-crisis foundation is also being viewed. We are viewing
    all the possible variants," he said.

    The PM stressed Russia's Rosatom is being viewed as an investor as
    well. "It is our main partner," he said.




    From: A. Papazian
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