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Russia to give $300 million to extend Armenian nuclear plant service

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  • Russia to give $300 million to extend Armenian nuclear plant service

    Russia to give $300 million to extend Armenian nuclear plant service life

    Saturday, July 05, 2014


    On early September, the Armenian Nuclear Power Plant (ANPP) will be
    shut down for 45 days for planned repairs, Armenian Minister of Energy
    and Natural Resources Yervand Zakharyan said, according to the
    ministry's press service.

    The minister yesterday visited the ANPP where a meeting on annual
    reports of shareholders took place. Zakharyan said Armenia and Russia
    will sign an agreement, under which Armenia will receive a $300
    million loan from Russia with the aim of extending the service life of
    ANPP.

    The negotiations are in the final stage, the matter concerns a
    long-term loan at a low interest rate, the minister said.

    According to him, the construction of a new nuclear plant will cost
    $4.5 billion. The project is expected to start in 2018-2019.


    TODAY, 16:27
    Aysor.am

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