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RUSSIA TO LEND $270 MILLION TO ARMENIA FOR EXTENDING NUCLEAR POWER PLANT'S SERVICE LIFE
YEREVAN, December 26. /ARKA/. Russia's government has confirmed its
intention to extend a $270-million loan to Armenia for extending the
service life of the second unit of the Metsamor Nuclear Power Plant,
Novosti-Armenia reported today referring to the Cabinet minister's
information released by RIA Novosi.
Earlier, Russian and Armenian governments signed an agreement of
cooperation in this area, and Russia offered a loan for this purpose.
The loan will be provided for 15 years.
The service life of the second unit's operation expires in September
2016. The Metsamor Nuclear Power Plant located some 30 kilometers
west of Yerevan, was built in the 1970s but was closed following a
devastating earthquake in 1988 that killed some 25,000 people and
devastated much of northern Armenia.
One of the plant's two VVER 440-V230 light-water reactors was
reactivated in 1995. The Armenian government said earlier it wants
to build a new facility that is supposed to operate at twice the
capacity of the Soviet-constructed facility. The plant currently
generates some 40 percent of Armenia's electricity. The construction
of the new facility is estimated as much as $5 billion. Experts say
the plant can operate until 2016. ---0----
http://arka.am/en/news/technology/russia_to_lend_270_million_to_armenia_for_extendin g_nuclear_power_plant_s_service_life_/#sthash.woaF7cPy.dpuf
From: A. Papazian
YEREVAN, December 26. /ARKA/. Russia's government has confirmed its
intention to extend a $270-million loan to Armenia for extending the
service life of the second unit of the Metsamor Nuclear Power Plant,
Novosti-Armenia reported today referring to the Cabinet minister's
information released by RIA Novosi.
Earlier, Russian and Armenian governments signed an agreement of
cooperation in this area, and Russia offered a loan for this purpose.
The loan will be provided for 15 years.
The service life of the second unit's operation expires in September
2016. The Metsamor Nuclear Power Plant located some 30 kilometers
west of Yerevan, was built in the 1970s but was closed following a
devastating earthquake in 1988 that killed some 25,000 people and
devastated much of northern Armenia.
One of the plant's two VVER 440-V230 light-water reactors was
reactivated in 1995. The Armenian government said earlier it wants
to build a new facility that is supposed to operate at twice the
capacity of the Soviet-constructed facility. The plant currently
generates some 40 percent of Armenia's electricity. The construction
of the new facility is estimated as much as $5 billion. Experts say
the plant can operate until 2016. ---0----
http://arka.am/en/news/technology/russia_to_lend_270_million_to_armenia_for_extendin g_nuclear_power_plant_s_service_life_/#sthash.woaF7cPy.dpuf
From: A. Papazian