Source Pravda.Ru

Russian energy company pays debts of Armenian nuclear power plant

The management of financial flows of the Armenian nuclear power plant will be transferred to the Russian joint stock company RAO Unified Energy Systems of Russia.

At present the plant is loading nuclear fuel and in a month it is expected to start producing electricity.

The plant has been out of operation since April 4, 2003, when due to the parameter fluctuations in the high-voltage Iran-Armenia network it was shut down.

As the plant resumes functioning, it will transfer management of its financial flows to RAO UES of Russia for 5 years, Armenian Energy Minister Armen Movsisyan announced at a press conference. This will solve Armenia's problems in purchasing fuel for the power plant, he believes.

The Russian company paid the plant's debts for earlier purchased nuclear fuel that amounted to $40 million and also paid for the last load /103 cartridges/ worth $13 million, Movsisyan said.

The Armenian nuclear power plant was put into operation in January 1980, shut down in March 1989 and opened again in November 1995 because of the most acute energy crisis. The plant's second block with a Russian reactor of the first generation produces the average of 30-40 per cent of electricity produced in the country. According to experts' estimates, the plant may function till 2016.

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election
Comments
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Foreign Ministry official explains why Russia had to sell Alaska to US
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
British football fans spineless to unleash World War Three in Russia during World Cup
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Venezuela may expect another Panama scenario from 1989
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
US installs laser guns on its warships
The Royal Wedding and the Silly Season
Foreign Ministry official explains why Russia had to sell Alaska to US
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989