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.
