September 30, 2002 - 23:13 AMT
REAL ESTATE OF SEVAN-HRAZDAN ENERGY CASCADE PAWNED TO RUSSIA TO PAY OFF DEBT FOR NUCLEAR FUEL
The real estate of "Sevan-Hrazdan Cascade" CJSC will be pawned to pay back the debt for nuclear fuel to Russian companies. As "Arka" agency was told in the governmental administration of Armenia, the debt of "Armenian Atomic Power Station" CJSC for nuclear fuel from 1995 to 2001 makes $32 million. The Armenian government made this decision to pay off the previous debts and to provide the atomic plant with nuclear material for $6.7 million up to October 15.