Joint Armenian-Russian committee to deal with construction of NPP new bloc

December 3, 2009 - 15:59 AMT
PanARMENIAN.Net - Armenian Government Thursday approved the decision on creating a joint Armenian-Russian company dealing with the construction of NPP new bloc.



Energy Ministry and Russian Atomstroyexport will have equal shares (50%/50%) in the construction of new CJSC.



New company's authorized capital will total AMD 60 million, according to Energy Minister Armen Movsisyan. "Armenia's share - AMD 30 million - will be paid at the expense of the company's profit," he said. Energy Ministry will be in charge of Armenia's shares.



The new bloc with a capacity of 1060 MW will operate for the term of 60 years. Its security level will comply with European norms.
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