ARMENIAN PRESIDENT SIGNED LAW ON BUILDING STORAGE FOR PROCESSED NUCLEAR FUEL

PanARMENIAN.Net - Armenian President Robert Kocharian yesterday signed the Law on building of storage for nuclear fuel processed at the Armenian Nuclear Power Plant (NPP), the Press Service of the Armenian leader told PanARMENIAN.Net The first storage of the king for the Armenian NPP was built in Armenia in 2000. The law in question provides for building of a second storage with an exploitation term of about 50 years. As the Armenian Minister of Energy reported earlier, the building of the new depository will cost some 10 million euros. It should be reminded that the Armenian NPP is conveyed to trust management of Inter RAO UES CJSC, which is a branch establishment of RAO UES of Russia and Rosenergoatom Concern, for 5 years. The EU insists on the closure of the NPP and has suggested to allocate 100 million euros to that end. The Armenian party considers the NPP can function for at least 15 years, as well as alternative energy sources should be found before conservation and some $1 billion will be needed for that, Regnum news agency reported.