RA appealed to Russia to extend the repayment period of the loan provided for NPP re-equipment

Armenia appealed to the Russian Federation to discuss the possibility of extending the repayment of the Russian loan provided for Armenia’s nuclear power plant. Garegin Baghramyan, Acting Minister of Energy Infrastructures and Natural Resources of RA, said this in a conversation with journalists.

According to him, the decision is likely to be positive, because the Russian side also has the attitude that the repayment should be postponed.

“It is necessary so that not only the repayment of the loan passes without problems, but also a certain result is created on the tariffs of our final consumers. “After the restart of the NPP, there will be an opportunity to reduce the electricity tariff,” he said.

It should be noted that the work of the NPP until 2026. in order to extend, in 2014, the Russian Federation provided Armenia with a loan of 270 million dollars and a grant of 30 million dollars for a period of 15 years.