The World Bank (WB) will allocate USD 110,000 for the expertise to assess the technical and financial viability of Nairit chemical plant operation.

The WB Armenian office notes that they will ensure the quality of analyses the counterpart needs from internationally recognized experts.  

“We had hoped to have the work begin in early February, but it took some time to ensure that we selected the best possible experts”, said Laura E. Bailey, World Bank Country Manager for Armenia.

Throughout the first phase, which is scheduled to begin on 25 February and take two and a half months, the consulting firm will specifically review four elements:
 
• An overview of the global market for the main products that could be produced by the plant;
• An assessment of the technical feasibility of production based on the existing plant;
• An assessment of the financial viability of production given current cost structures; and
• A strengths-weaknesses-opportunities-threats (SWOT) analysis.  
 
In the second phase, a basic environmental review of Nairit operations will be undertaken.
 
The World Bank will provide close monitoring and quality review for this analysis of Nairit, however we would like to clarify that this analytical work will be conducted under the leadership of the Minister for Energy and Natural Resources as part of the cooperation between the Government of Armenia and the World Bank.