Armenian Nuclear Power Plant to suspend operations for 45 days

Armenian Nuclear Power Plant to suspend operations for 45 days

PanARMENIAN.Net - In early September, the Armenian Nuclear Power Plant (NPP) will be shut down for 45 days for planned repairs, Minister of Energy and Natural Resources said, according to Aysor.am.

At the July 4 annual meeting of shareholders, Yervand Zakharyan informed of the planned signing of a deal between Armenia and Russia, with the latter to provide a $300 million loan to extend the NPP’s service life.

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.

 Top stories
Aleksei Miller was also scheduled to meet with government officials in Germany, which is a major customer of Gazprom’s supplies.
Access to finance is a major impediment to the growth of micro, small and medium enterprises, especially in the rural areas.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
However the proportion of women reaching the top tier of the business world has shown little progress over the past decade.
Partner news