Bank Of Baku

Russia to allocate $270m to Armenia for repair of Metsamor nuclear power plant

Russia to allocate $270m to Armenia for repair of Metsamor nuclear power plant
# 19 November 2014 15:22 (UTC +04:00)

Baku. Anahanum Idoyatova – APA. Russia will provide Armenia with a loan of $270 million for a major repair of the second unit of the Armenian nuclear power plant in Metsamor, Armenian Finance Minister Gagik Khachatryan said on Wednesday, APA reports quoting Arka news agency.

 

According to the minister, the loan will be used for repair and re-equipment of the second unit of the Armenian NPP from 2014 to 2018.

 

The loan is granted for a period of 10 years at a rate of 3% per annum with the first payment scheduled for January 15, 2019. 

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