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ARMENIA DAILY DIGEST
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From: Abe Rein (ARein@sorosny.org)
Date: Fri Feb 07 2003 - 18:12:39 EST
ARMENIA AGREES TO TRANSFER FINANCIAL MANAGEMENT OF MEDZAMOR TO EES
Under an agreement signed in Yerevan on 5 February by Russian Industry
and Science Minister Ilya Klebanov and Armenian Defense Minister Serzh
Sarkisian -- who are the co-chairmen of the Russian-Armenian
intergovernmental commission for economic cooperation -- financial and
economic management of the Medzamor nuclear-power plant will be
transferred to Russia's Unified Energy Systems (EES), Russian news
agencies reported. Klebanov explained that doing so will solve the
problem of obtaining new fuel supplies for the plant and help its
management avoid incurring further debts. Armenia owes Russia some $40
million for earlier supplies of nuclear fuel. The details of the
transfer are to be worked out within two weeks, according to Noyan
Tapan. LF
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