YEREVAN. – An Armenian economist is confident that sooner of later Armenian NPP will be closed.

Armenia expected Russia to finance the construction of new energy unit, but final agreement had not been reached, Ashot Yeghiazaryan said during a press conference on Thursday.

Last year they said the Russian side could give Armenia a loan of $ 300 million for modernization of nuclear power plant. However, it becomes clear that Armenia will not receive the funds.

“Sooner or later the country will lose 407.5 MW of capacity  But we will also lose 1,060 MW of new energy unit that would not be built. So, Armenia may face energy deficit,” he added.

However, it should be noted that on May 30 Prime Minister Hovik Abrahamyan said that the arrangement on mentioned loan had been reached after his meeting with Russian counterpart Dmitry Medvedev.