Armenian PM and Belarus foreign minister discuss ways to boost bilateral cooperation

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Economy

17.04.2012, 17:27

Armenian Prime Minister Tigran Sargsyan and Foreign Minister of Belarus Sergey Martynov have discussed today in Yerevan the possible involvement of Belarus in the construction of a new unit for Armenian NPP, as well as in the construction of North-South highway, the press service of the government said.

Armenian PM and Belarus foreign minister discuss ways to boost bilateral cooperation

YEREVAN, April 17. /ARKA/. Armenian Prime Minister Tigran Sargsyan and Foreign Minister of Belarus Sergey Martynov have discussed today in Yerevan the possible involvement of Belarus in the construction of a new unit for Armenian NPP, as well as in the construction of North-South highway, the press service of the government said.

"Historically Armenia and Belarus enjoy warm friendly relations. At the same time, there is a lot of untapped reserves to boost economic and trade cooperation", Sargsyan was quoted as saying.

The two men were said to have discussed also delivery of Belarusian buses and elevators to Armenia,. The sides signed a memorandum on cooperation in the field of jewelry.

Armenia has the only nuclear power plant in the region. Located some 30 kilometers west of Yerevan, it was built in the 1970s but was closed following a devastating earthquake in 1988. One of its two VVER 440-V230 light-water reactors was reactivated in 1995.

Armenian authorities said they will build a new nuclear power plant to replace the aging Metsamor plant. The new plant is supposed to operate at twice the capacity of the Soviet-constructed facility. Metsamor currently generates some 40 percent of Armenia's electricity. But the government has yet to attract funding for the project that was estimated by a U.S.-funded feasibility study to cost at as much as $5 billion. -0-

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