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Eurasian Development Bank May Sponsor New Nuclear Power Plant in Armenia

August 27, 2009 Armenia, Business No Comments
Eurasian Development Bank May Sponsor New Nuclear Power Plant in Armenia

The Russian and Kazakhstani-led Eurasian Development Bank is considering underwriting the construction of a new, $4 billion nuclear power plant in Armenia.

The bank is also mulling a similar project in Belarus, the Regnum news agency reported on August 26, citing Yevgeniy Vinokurov, head of the bank’s Economic Analysis and Consulting Department.

The power plant is meant to replace Armenia’s Soviet-era Metsamor nuclear power plant. Yerevan is under pressure from the European Union and the United States to close down the obsolete Metsamor facility.

Copyright (c) 2003 Open Society Institute. Reprinted with the permission of the Open Society Institute, 400 West 59th Street, New York, NY 10019 USA, www.EurasiaNet.org. or www.soros.org.

Source: EurasianetOriginal Article

Related News:

  1. Turkey Continues to Demand Armenia Shut Down Metsamor Nuclear Power Plant
  2. Armenia Confirms Russian Bid for a Nuclear Power Plant
  3. Eurasian Development Bank to Open Representation in Armenia
  4. Vanadzor-1 Power Plant to Be Put into Operation in 2010
  5. Russian Nuclear Agency Head Visits Armenia

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