Armenian Side Confirmed IRAO UES Leaves

Story from Lragir.am News:

Published: 19:26:58 – 26/11/2011

The RA Ministry of Energy and Natural Resources announced that Inter
RAO UES has performed its contract duties regarding the Armenian
Nuclear Power Plant and further implementation of its duties is of
titular character.

The ministry notes that the end of the contract, 2013, will not affect
the company’s activities because during the contract period the
company was actually managed by the ministry. The ministry will
continue the management of the company after the end of the contract.

The ministry notes that in 2003 the Armenian Nuclear Plant owed 40
million dollars to Russian companies for fuel. Long negotiations
resulted in a debt repayment plan and as a guarantee of its
implementation the Russian side took up the financial management of
the NPP. The company repaid the debt to TVEL Concern to be reimbursed
by the NPP. The NPP repaid the debt duly, the ministry’s press release
informed.

From: Emil Lazarian | Ararat NewsPress

http://www.lragir.am/engsrc/economy24335.html

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2011/11/26/armenian-side-confirmed-irao-ues-leaves/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS