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Joint Armenian-Russian Committee To Deal With Construction Of NPP Ne

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  • Joint Armenian-Russian Committee To Deal With Construction Of NPP Ne

    JOINT ARMENIAN-RUSSIAN COMMITTEE TO DEAL WITH CONSTRUCTION OF NPP NEW BLOC

    PanARMENIAN.Net
    03.12.2009 15:59 GMT+04:00

    /PanARMENIAN.Net/ Armenian Government Thursday approved the decision on
    creating a joint Armenian-Russian company dealing with the construction
    of NPP new bloc.

    Energy Ministry and Russian Atomstroyexport will have equal shares
    (50%/50%) in the construction of new CJSC.

    New company's authorized capital will total AMD 60 million, according
    to Energy Minister Armen Movsisyan. "Armenia's share - AMD 30 million -
    will be paid at the expense of the company's profit," he said.

    Energy Ministry will be in charge of Armenia's shares.

    The new bloc with a capacity of 1060 MW will operate for the term of
    60 years. Its security level will comply with European norms.
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