Development of uranium deposits new Russian project in Armenia this year
06.02.2009,
00:45
The development of uranium deposits will be a new Russian project in Armenia this year, RF Ambassador to Armenia Nikolay Pavlov told a press conference at the international press center Novosti.
YEREVAN, February 5. /ARKA/. The development of uranium deposits will be a new Russian project in Armenia this year, RF Ambassador to Armenia Nikolay Pavlov told a press conference at the international press center Novosti.
The Armenian-Russian Mining Company established last September is developing uranium deposits in Armenia. The issues of financing the company have been settled, and the field work is under way. The company plans to invest about $3mln in the Armenian economy.
RF Trade Representative in Armenia Alexander Zaitsev pointed out that, amid the global economic financial crisis, the major task for Russia is to support the previously launched projects.
“Among them is the long-term projects of construction of a second nuclear power plant, modernization of railways, as well as all the projects Armenia is actively developing with Russia’s assistance,” Zaitsev said.
Armenia plans the construction of a new nuclear power plant with a capacity of 1,000 MW. The RA Ministry of Energy estimates the project at $5bln. In 2006 the Armenian Parliament abolished the government monopoly of nuclear power plants to facilitate the attraction of foreign capital.
The South-Caucasian Railway CJSC, fully owned by the Russian Railways OJSC, is concessionaire of the Armenian Railways. Under a concession agreement signed on February 13, 2008, the South-Caucasian Railway CJSC, registered the rolling stock of the Armenian Railways in its fixed assets on June 1, 2008. The 30-year concession agreement can be prolonged for another 20 years.–0--
The Armenian-Russian Mining Company established last September is developing uranium deposits in Armenia. The issues of financing the company have been settled, and the field work is under way. The company plans to invest about $3mln in the Armenian economy.
RF Trade Representative in Armenia Alexander Zaitsev pointed out that, amid the global economic financial crisis, the major task for Russia is to support the previously launched projects.
“Among them is the long-term projects of construction of a second nuclear power plant, modernization of railways, as well as all the projects Armenia is actively developing with Russia’s assistance,” Zaitsev said.
Armenia plans the construction of a new nuclear power plant with a capacity of 1,000 MW. The RA Ministry of Energy estimates the project at $5bln. In 2006 the Armenian Parliament abolished the government monopoly of nuclear power plants to facilitate the attraction of foreign capital.
The South-Caucasian Railway CJSC, fully owned by the Russian Railways OJSC, is concessionaire of the Armenian Railways. Under a concession agreement signed on February 13, 2008, the South-Caucasian Railway CJSC, registered the rolling stock of the Armenian Railways in its fixed assets on June 1, 2008. The 30-year concession agreement can be prolonged for another 20 years.–0--
