Armenian leaders are ecstatic that Russia is getting involved in the construction of a new nuclear power plant at Metsamor. Environmentalists and technical experts are far less enthused, saying that a new Metsamor unit poses considerable risks.
Armenian President Serzh Sargsyan and Russian leader Dmitry Medvedev signed bilateral agreements on August 20 to enable Moscow’s participation in the construction of a new unit at the Metsamor atomic power station. Under the agreement, Russia could contribute about 20 percent of the financing for the unit’s construction, currently projected at between $5 billion and $7.2 billion. Work is slated to begin in 2012, although questions remain about how Armenia will come up with the bulk of the money to build the facility.
To read the full story
Marianna Grigoryan is a freelance reporter based in Yerevan.