EU to give 100 million euros to close Armenian Nuclear Plant

PRAVDA, Russia (RosBalt)
June 9 2004

The European Union is ready to finance the closure of the Armenian
Nuclear Power Plant. As reported by a Rosbalt correspondent, Minister
of Trade and Economic Development, Karien Chshmaritian, reported the
news at a press conference while commenting about the results of the
Armenia-EU conference held in Brussels on June 4.

He stated that a concrete date for the plant's closure has not been
set, because Armenia is not in the financial position to finance the
closure. According to Karien Chshmaritian, the EU confirmed its intent
to allocate 100 million euros for the closure of the Armenian Nuclear
Power Plant, and the organization of alternative energy sources.

Last year, the Armenian Nuclear Power Plant was transferred to the
Russian joint-stock company EEC Russia for asset management.