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Armenia Approves Russian Loan For Nuclear Power Plant Construction

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  • Armenia Approves Russian Loan For Nuclear Power Plant Construction

    ARMENIA APPROVES RUSSIAN LOAN FOR NUCLEAR POWER PLANT CONSTRUCTION

    Vestnik Kavkaza, Russia
    Nov 19 2014

    19 November 2014 - 12:58pm

    Armenian Finance Minister Gagik Khachatryan said that the country has
    approved a Russian loan of $270 million and a grant of $30 million
    for extension of the Metsamor nuclear power plant's lifespan from
    2016 to 2026, News.am reports.

    Armenia decided to extend the plant's lifespan on September 13, 2013.

    Russian President Vladimir Putin said at a meeting with his Armenian
    counterpart Serzh Sargsyan 10 days earlier that Rosatom specialists
    would help with the technical project.

    The Metsamor nuclear power plant was launched in 1976 and shut down
    in 1989. The second block of the power plant (407.5MW) was launched
    in early 1995.




    From: A. Papazian
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