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.