EU Not Intended To Finance Bilateral Projects

EU NOT INTENDED TO FINANCE BILATERAL PROJECTS

Panorama.am
19:39 06/02/2008

The European Union is inclined to support the security system of
constructing new power station in Armenia.

Today Benita Ferrero-Waldner, the Commissioner for External Relations
of the EU, held a meeting with the journalists. She talked about the
EU financial support provided for the construction of power station
in Armenia.

She said that it was quite possible to fulfill the project with
Russian support. The European Commissioner added that the EU does
not finance bilateral projects.

Benita Ferrero-Waldner said that the EU is concerned with closing the
old power station. She said that EU has already transferred 30mln euros
to reinforce the security system, but they also insist on closing it.

Note that the president of "Rusatom" Sergey Kirienko arrived in Armenia
recently. Today He said that Russia is also inclined to fulfil the
construction of Armenian power station. He said that they could start
the project in 2010-2011.