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Russia Investing In Armenia's Energy

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  • Russia Investing In Armenia's Energy

    RUSSIA INVESTING IN ARMENIA'S ENERGY
    By Messenger Staff

    The Messenger
    Nov 30 2010
    Georgia

    Russia is planning to invest around USD 40 million during the next two
    years in the Armenian energy sector. Half of the amount will go into
    the modernising and rehabilitation of hydro-electric power stations in
    Razdan Kaskade. Most of Armenia's hydro-electric power stations are
    managed by the international energy corporation. One of the founders
    of this company is Russian Inter RAO AES, which incidentally is the
    managing company of Armenia's existing nuclear power station until
    2013; the possibility of continuing to operate this power station is
    currently under discussion.




    From: A. Papazian
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