By Tsarizm Staff | June 16, 2020
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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.
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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…
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This piece originally appeared on Tsarizm.com and is used by permission.
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