YEREVAN, Oct. 3 (Xinhua) -- The Czech Export Bank (CEB) will fund warranties to the tune of 1 million euro (1.18 million U.S. dollars) for Czech manufacturer Skoda JS, enabling Skoda to take part in a nuclear power plant upgrade in Armenia.
Skoda plans to provide the reactor management system for the upgradation of the Metsamor Nuclear Power Plant, Armenia's only nuclear power plant.
Skoda has already installed such systems at nuclear plants in the Czech Republic and Slovakia, and has undertaken a similar project in Hungary.
Metsamor produces around 40 percent of Armenia's electricity. It was built in 1976.