Russian fuel company TVEL has signed an agreement to supply fuel to the Armenian nuclear power station until the end of its service life. Armenia 2 started commercial operation in 1980.
The contract was signed on 1 July 2010 by president of TVEL Yuri Olenin and Gagik Markosyan director general of Aikakan Atomayin Elektrakayan, operator of Armenia NPP.
The documents fixed a market-oriented pricing mechanism for fuel that will be applied until the unit is decommissioned.
Both parties said that the agreements are mutually beneficial and allows them to extend their cooperation.