Armenia will raise new funds to upgrade nuclear plantMay 7, 2020 - 21:10 AMT PanARMENIAN.Net - Armenia will raise new funds to upgrade the Nuclear Power Plant in Metsamor, Minister of Territorial Administration and Infrastructures Suren Papikyan said in the parliament on Thursday, May 7. According to him, authorities are planning to change the format of financing, and no funds from Russia will be attracted. “Armenia is considering raising new funds right. And we are negotiating with partners to not extend the loan agreement that has expired,” Papikyan explained. Most of the $270 million loan provided by Russia has already been spent on the modernization of the NPP. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |