EDB interested in building Nuclear Power Station in Armenia

PanARMENIAN.Net - Broadening nuclear energy network is an optimal way towards ensuring sustainable economic growth in Armenia, Yevgeny Vinokurov, Head of the EDB Economic Analysis and Consulting Department, told a PanARMENIANNet reporter. EDB is willing to fund nuclear power plant in Armenia. "The bank attaches much importance to the development of energy network in Armenia, considering it an optimal way towards ensuring sustainable economic growth in its new member state," he said.



Armenia has been a full member of the bank since April 2009.



Apart from ensuring sustainable economic growth, EDB's mission also consists in promoting economic integration among its member states, Vinokurov said, stressing the importance nuclear power plant construction. "Constructing a new station and supplying it with nuclear fuel extracted from Russia and Kazakhstan will strengthen mutually beneficial economic ties between our states and essentially broaden mutual trade and investments," Vinokurov noted.

According to him, new station will be equipped with most up to date security technologies, "We reiterate our commitment to using high standards to ensure environmental and technical security," he stated.



Construction of new energy block with a power of 1200 MWT is to be completed by the end of 2016. Its exploitation term is 60 years. The block will be equipped with security systems. The minimum time-limit for refueling is 18 months.