EDB READY TO CO-FUND NUCLEAR PROJECT IN ARMENIA

Yerkir
26.08.2009 15:45

Yerevan (Yerkir) – The Eurasian Development Bank (EDB) is considering
the possibility of co-funding the construction of a nuclear-power
plant in Armenia, Yevgeny Vinokurov, the head of the EDB Economic
Analysis and Consulting Department, has said. He added that the bank
is ready to join the project. However, no specific agreements have
yet been reached.

"This is a most expensive project, such a reactor is roughly
estimated at around US $4bln," Vinokurov told reporters in Alma
Ata, Kazakhtan. He pointed out that the EDB is also considering the
possibility of funding a similar project in Belarus.

Armenia plans to construct a new, 1,200 MW, nuclear power plant before
the year 2016. The new nuclear reactor is to operate for 60 years,
to be refueled every 18 months.