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Russia to lend Armenia $270 mln to expand nuclear unit lifespan

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  • Russia to lend Armenia $270 mln to expand nuclear unit lifespan

    ITAR-TASS, Russia
    December 26, 2014 Friday 02:52 PM GMT+4

    Russia to lend Armenia $270 mln to expand nuclear unit lifespan

    MOSCOW December 26.


    . The Russian government has approved a U.S. $270 million 15-year loan
    to Armenia to finance works to expand the lifespan of the country's
    Metsamorskaya nuclear plant, the government said on Friday

    Russia and Armenia earlier signed an intergovernmental agreement to
    cooperate in prolonging the lifespan of the nuclear plant's second
    unit.

    The unit was earlier slated to cease operations in September 2016.

    The Metsamorskaya nuclear plant was launched in 1976 and shut down
    after a 1988 earthquake. It was re-launched in 1995 due to an energy
    crisis. At present, only a second 407.5-megawatt unit is in operation.

    Armenia is now planning to build a new, 1,000-MW nuclear plant. --0--gor

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