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Russia and Armenia sign contract about construction of atomic energy station

Russia and Armenia sign contract about construction of atomic energy station

20 August 2010 12:06 (UTC +04:00)

The Russian and Armenian presidents are expected to sign an intergovernmental nuclear cooperation agreement during Russian President Dmitry Medvedev’s state visit to Armenia, which began yesterday.

"The agreement involves technical cooperation," Sergei Kiriyenko, head of the Russian Federal Atomic Energy Agency, Rosatom, said. "It also proposes participation in co-funding schemes."

He said a joint Russian-Armenian company had been set up to build the 1000 MW plant.

"It is to raise at least 40 percent of the funding for the NPP with 60 percent expected to come from investors," Kiriyenko said.

Industry and Energy

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