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PM: accord reached on financing of new nuclear power unit constructi

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  • PM: accord reached on financing of new nuclear power unit constructi

    Premier: accord reached on financing of new nuclear power unit
    construction in Armenia


    YEREVAN, June 1. /ARKA/. The Armenian government and Sergey Kirienko,
    head of Russia's Rosatom, have already reached an accord on the
    financing of the construction of a new nuclear unit in Armenia,
    Armenian Prime Minister Tigran Sargsyan said Friday as met with his
    Russian counterpart Dmitry Medvedev in Minsk.

    `It was decided to prolong the old nuclear power plant's operation
    term first, and then think over construction of a new unit,' the
    Armenian government's press office quoted Sargsyan as saying.

    It has been decided that the old nuclear power plant may operate other
    two years. It means the construction of the new unit can be postponed
    for two years.

    Armenian Nuclear Power Plant sits near Metsamor (20 or 30 kilometers
    south of Yerevan). The plant started functioning in 1976, and now only
    the second, 407.5-megawatt unit operates.

    INTER RAO UES belonging to Russian state-owned Rosatom runs the
    plant's funds from 2003 and will run them until 2013. Specialists say
    the plant can operate until 2016.

    Armenia plans to build a new 1000-megawatt unit. The construction is
    estimated to cost $5 billion. At least $150 million is needed to
    complete preparations for extension of the old nuclear power plant's
    operation term. ---0---

    http://arka.am/en/news/economy/premier_accord_reached_on_financing_of_new_nuclear _power_unit_construction_in_armenia/

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