ARMROSGAZPROM TO BORROW $60 MLN FROM GAZPROM FOR POWER PROJECT
PRIME-TASS ENGLISH-LANGUAGE BUSINESS NEWSWIRE
June 1, 2010 Tuesday 3:11 PM EET
RUSSIA
SECTION: OIL AND GAS; POWER AND COAL
Russian-Armenian gas pipeline operator ArmRosgazprom plans to borrow U.S. $60 million from Russia's Gazprom to complete the construction of the fifth power unit of the Razdanskaya TES thermal power plant in Armenia, Gazprom's Deputy CEO Valery Golubev was quoted as saying by ArmRosgazprom Tuesday.
As a result, Gazprom's total contribution in the construction of the unit is expected to amount to $460 million.
The fifth power unit is expected to be launched by the end of 2010.
Russian natural gas giant Gazprom owns 80% of ArmRosgazprom and the Armenian government owns 20%.
June 1, 2010 Tuesday 3:11 PM EET
RUSSIA
SECTION: OIL AND GAS; POWER AND COAL
Russian-Armenian gas pipeline operator ArmRosgazprom plans to borrow U.S. $60 million from Russia's Gazprom to complete the construction of the fifth power unit of the Razdanskaya TES thermal power plant in Armenia, Gazprom's Deputy CEO Valery Golubev was quoted as saying by ArmRosgazprom Tuesday.
As a result, Gazprom's total contribution in the construction of the unit is expected to amount to $460 million.
The fifth power unit is expected to be launched by the end of 2010.
Russian natural gas giant Gazprom owns 80% of ArmRosgazprom and the Armenian government owns 20%.
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