Lightbridge Corporation (LTBR)

[russshackleford]

Russia to Fund Component of Armenia’s Nuclear Plant

Friday, August 8th, 2014
YEREVAN (Arka)—Russia will provide Armenia with a “nuclear island” as its contribution to the construction of a new nuclear power plant in Armenia to replace the existing one at Metzamor, Armenia’s Energy and Natural Resources Minister Yervand Zakarian said Friday.
He said the nuclear island — a component at the heart of a reactor that houses the energy producing system — makes approximately 35% of the total cost of constructing a new facility. The remaining funding is to be secured by the Armenian government, Zakarian added, speaking at a press conference.

http://asbarez.com/125774/russia-to-fund-component-of-armenia’s-new-nuclear-plant/