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ARMENIAN NUCLEAR POWER PLANT DEBT TO BE PAID

Economy

Armenian Government made Thursday a decision allowing the Sevan-Hrazdan Cascade LTD property mortgaging in order to pay Armenian Nuclear Power Plant’s $32-million debt accumulated from 1995 to 2001 for the nuclear fuel supplied by Russian Federation companies and also to import $6,7-million new consignment of the nuclear fuel necessary for 2002.

Under mortgage guarantee the money matters will be settled by "Hayenergo" with 50% of $77,4-million power export profits within a few years.