Armenian NPP to get AMD 1.035mln loan carried over from 2024 

ArmInfo. In 2025, the Armenian NPP will receive the loan funds of 1 billion 35 million drams that it did not receive in 2024. Thus, the budget loan for the implementation  of the program for the repeated extension of the NPP's service life  this year will amount to slightly more than 13.5 billion drams. The  corresponding decision was made at a government meeting on September  4.

The authors of the draft decision, represented by the Ministry of  Territorial Administration and Infrastructure, recalled that on June  11, 2020, in order to carry out work to extend the service life of  the second, operating power unit of the Armenian NPP until 2036, the  Armenian government decided to issue a budget loan to the plant in  the amount of 63.2 billion drams (slightly more than $164 million),  of which 18.7 billion drams in 2020, 25 billion in 2021, 7 billion  drams in 2024 and 12.5 billion drams in 2025.

In 2024, out of the specified 7 billion drams, 1 billion 35 million  were issued to the state enterprise , to resolve financial issues that arose during the  construction of the new Iran-Armenia power transmission line and the  corresponding substation (during the construction of the substation  on the new line, transformers were stolen from there, and the  Armenian side issued a loan to the Iranian contractor to purchase new  ones). 

In this regard, it is proposed to amend the previously adopted  decision of the Cabinet of Ministers and instead of 7 billion drams  for 2024, indicate 5.965 million, and instead of 15.5 billion drams  for 2025 - 13.535 million drams. Thus, this year the NPP will receive  1 billion 35 million drams that it did not receive in 2024.