$2 Billion Required

USD 2 BILLION REQUIRED

Hayots Ashkhar Daily
Published on June 07, 2008
Armenia

A sum of around 2 billion US Dollars is required for the construction
of the new 1000m/Wt. energy bloc of the Armenian Nuclear Power Plant
(ANPP) for ensuring energy production with a capacity of around 7.5
billion kilowatts per hour.

As informed yesterday by ARMEN MOVSISIYAN, Minister of Energy and
Natural Resources, the sum required for the construction of the new
energy bloc is to be provided by foreign countries and private
companies whose choice is still under discussion.

As regards increasing the safety of the operation of the Power Plant, a
sum of 80 billion US Dollars has been allocated for that, however, the
operating safety system does not yet meet the present-day international
safety standards. With the purpose of finishing the activities related
to increasing the level of safety, additional sums in the amount of USD
40 million are needed.