Armenian PM announces new nuclear station valued at $5 billion

Armenia’s Prime Minister Tigran Sarkisian has announced in his interview with Haylur aired by county’s Public Television that Russia will invest in building of a new nuclear station in Armenia.

“The agreement signed during Russian President’s visit to Armenia, enshrines that the Russian partners will participate in the nuclear station’s building and will invest in it. With the preliminary calculations, the program’s cost is equal to $5 billion,” said Prime Minister.

“We will cooperate with our partners. There will be a new configuration and a new project, which will be followed by a more detailed information to be delivered to the public about the nuclear station,” he said.

Sarkisian said that the nuclear plant aims at improvement of the energy system of Armenia and pointed that the station’s power will be equal to 1,000 megawatts.

“This will be a modern station significantly increasing generation capacity of the country,” said Prime Minister. He added: “This also means that our industry will have a better future in sense of development.”