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Armenia Rejects Russian Funding For Nuclear Plant Upgrade

Metsamor Nuclear Power Plant
Metsamor Nuclear Power Plant
Image by Preacher lad

The Armenian government has announced it has decided to use only 60 percent of a $270 million Russian loan designed to finance the ongoing modernization of its Soviet-era nuclear power plant at Metsamor.

The plant’s sole functioning reactor went into service in 1980 and was due to be decommissioned by 2017.

However, a previous government in 2014 decided to extend the life of the 420-megawatt reactor by 10 years after failing to attract foreign investment for the construction of a new nuclear plant…

To read more visit RFERL.

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