Armenia-Russia Sign Key Deal for Metsamor Nuclear Plant Modernization ...Middle East

Economy by : (OILPRICE) -
On December 15, Armenia and Russia signed a contract on modernizing and extending the lifespan of Armenia's Metsamor Nuclear Power Plant (NPP) until 2036.  The renovations will be carried out by Rustatom Service JSC, a subsidiary of Russia's state nuclear energy company Rosatom, and will cost the Armenian government $65 million. The deal is another reminder of the vast extent of Russia's influence over Armenia's infrastructure and economy amid Yerevan's efforts to politically distance itself from Moscow.  Metsamor plays a significant…

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