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Minster Of Energy And Natural Resources: The Composition Of Sharehol

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  • Minster Of Energy And Natural Resources: The Composition Of Sharehol

    MINSTER OF ENERGY AND NATURAL RESOURCES: THE COMPOSITION OF SHAREHOLDERS WILL HAVE NO EFFECT ON THE WORK OF THE NEW UNIT OF ARMENIAN NPP EVEN IF THEY ARE FROM TURKEY

    ArmInfo
    2009-05-20 19:45:00

    ArmInfo. The composition of shareholders will have no effect on the
    work of the new unit of Armenian Nuclear Power Plant be they from
    Turkey or any other state, Minister of Energy and Natural resources of
    Armenia Armen Movsissyan said while speaking in the parliament today.

    "We set no restrictions on the purchase of the shares as ownership will
    have no influence on the work of the plant. The unit will be operated
    in compliance with the national legislation and the international
    obligations of our country," Movsisyan said.

    He said that the management of construction and the management
    of investments had to be strictly delimited. Worley Parsons has
    won the right to manage the construction. Turkey has no companies
    having rights to manage construction projects. Just a few companies
    worldwide have such a right. As regards construction contracts, they
    will most probably be implemented by Armenian companies as it will
    not be expedient to invite foreign contractors.

    he cost of the construction of the new unit of Armenian NPP is
    estimated at 2.5bln-2.7bln EUR.
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