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Russia To Provide Assistance To Armenia For Extending Nuke Station S

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  • Russia To Provide Assistance To Armenia For Extending Nuke Station S

    RUSSIA TO PROVIDE ASSISTANCE TO ARMENIA FOR EXTENDING NUKE STATION SERVICE LIFE - LAVROV

    YEREVAN, April 8. /ARKA/. Russia will provide financial assistance
    to Armenia for extending the service life of the Armenian Nuclear
    Power Plant, Russian foreign minister Sergey Lavrov said, as cited
    by RIA Novosti.

    Russia and Armenia are expect to cooperate on the matter, particularly
    financial assistance will be provided on the service life extension
    project, Lavrov said at a joint press conference with Armenia's
    foreign minister Edward Nalbandyan after the talks.

    Earlier Russia and Armenia signed an intergovernmental agreement
    to extend the service life of the current second power unit at the
    Armenian NPP for another 10 years (till 2026). The sides agreed that
    the extension works will be funded from a Russian loan. At the end
    of 2014, Russia's government approved $270 million loan for 15 years
    for the extension. The start of the works is scheduled for 2017.

    The Armenian NPP 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 November 1995 due to an acute energy crisis. According
    to experts, the nuke station can operate safely, yet the EU has been
    insisting on shutdown for the last years. -0--

    http://arka.am/en/news/economy/russia_to_provide_assistance_to_armenia_for_extend ing_nuke_station_service_life_lavrov/#sthash.ZL0ppuNH.dpuf

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