• KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
  • KGS/USD = 0.01154 -0%
  • KZT/USD = 0.00199 0%
  • TJS/USD = 0.09174 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28573 -0.14%
01 April 2025

Viewing results 1 - 6 of 49

Uzbekistan and China Strengthen Partnership in Nuclear Energy Development

On November 4 during Uzbekistan’s participation in EXPO 2024 in Shanghai, Uzbekistan’s Atomic Energy Agency officials met with Wei Fuqi, General Director of the China National Nuclear Corporation Overseas Ltd (CNOS). They discussed opportunities for collaboration in nuclear energy and other potential joint projects. The Uzbek officials and CNOS reached agreements on cooperation in the peaceful use of nuclear energy, a detailed review of the possibilities of adopting China’s advanced experience in nuclear power plant construction, and studying the possibilities of using China’s small modular reactors. The parties also talked about cooperating to expand uranium ore mining capacity, processing, production and export of finished products with high added value, and subsequent fuel use in nuclear power plants. Uzbekistan is consistently reforming its nuclear program. China has confirmed that it is interested in strengthening bilateral relations in all areas of nuclear technology.

Kazakhstan To Establish Special Commission on NPP Construction

A special government commission will be formed in Kazakhstan to manage the nuclear power plant construction project, according to Energy Minister, Almasadam Satkaliyev. As stated by the minister, the commission will engage in an open, competitive dialog with potential bidders. Preliminary consultations have already been held, including visits to China and South Korea, where critical requirements for future contractors were discussed. Among the main selection criteria are power cost, budget and construction time-frame, mandatory safety guarantees, social commitments, financing, and localization of fuel production. As part of this process, the commission will formulate proposals for further consideration at a meeting of the Energy Council under the President of Kazakhstan. In addition, consultants will analyze the project's financial, economic, legal, and technical aspects. As The Times of Central Asia previously reported, a referendum on nuclear power in Kazakhstan was held on October 6. More than 70% of Kazakhstanis voted in favor of the construction of a nuclear power plant. Potential participants in the project are now being discussed. Among the countries being considered as partners are Russia, China, France, and South Korea. These states have set out their proposals, and the authorities in Kazakhstan are considering them. In addition, the United States has expressed its willingness to participate. President Tokayev has expressed his preference for an international consortium to realize the project. The final decision will be made based on technical and financial conditions, with the preliminary cost estimated at $5 billion.

Kazakhstan’s Energy Ministry Discusses Nuclear Plant Construction With South Korea

From October 22 to 25, a delegation from Kazakhstan led by Energy Minister Almasadam Satkaliev visited South Korea. As part of the visit, meetings were held with representatives of leading Korean energy companies and government agencies. The key topics of the talks were cooperation issues in the nuclear power industry. In addition, at the meeting with the South Korean Minister of Trade, Industry, and Energy, they discussed opportunities to expand cooperation in the oil and gas sector and renewable energy. Satkaliev also met with the management of major Korean companies, including Doosan Enerbility, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), Korea National Oil Corporation (KNOC), and Samsung C&T. During the talks, the parties considered the prospects of Korean companies participating in an international consortium, which Kazakhstan is studying as a model for implementing the project to build a nuclear power plant. As the minister specified, the final decision on this issue is expected in 2025. Negotiations with Doosan Enerbility concluded with the signing of a memorandum of understanding. This document provides for studying opportunities to localize the Korean company's operation in Kazakhstan and establish a representative office of the plant in Astana. Now, Doosan Enerbility cooperates with Kazakhstan to construct a gas turbine power plant with a capacity of 1000 MW in the Turkestan region. In addition, the company, together with KEPCO KPS, is conducting a technical audit of Kazakhstan's energy infrastructure to reduce emissions and extend the life of the equipment. After the October 6 referendum, in which Kazakhstanis supported the construction of the first nuclear power plant, President Kasym-Jomart Tokayev proposed the creation of an international consortium to implement the project. He emphasized that this project requires the participation of the world's leading companies with modern technology and experience to ensure the safety and efficiency of construction. Russia's Rosatom, South Korea's KHNP, France's EDF, and China's CNNC are considered potential participants. These companies are expected to work together to transfer technology and attract investment, which is particularly important for Kazakhstan as it seeks to reduce energy dependence and strengthen the country's energy security. Construction of the plant is planned to begin on the shores of Lake Balkhash and be completed by 2035. A final decision on the structure of the consortium is expected by 2025.

Kazakhstan Plans to Equate Nuclear Energy With “Green” Energy

Kazakhstan plans to equate nuclear power with renewable energy sources (RES), such as solar and wind power, and extend to it the same benefits that already apply to them. The Energy Ministry has drafted a bill to incentivize alternative energy sources as part of the transition to a green economy, including the development of hydrogen energy. According to a document published on October 18 on the Open Regulatory Legal Acts portal, the discussion will last until November 11. One of the main problems identified in the draft is the need for legislative preferences for nuclear power despite its potential as an environmentally friendly source. In 2023, the share of RES in Kazakhstan was only about 6% of total electricity generation, emphasizing the need to develop alternative sources to reduce carbon emissions. Kazakhstan intends to follow the EU's example. In 2022, the EU recognized nuclear power as “green.” This recognition opens the way to receiving benefits and subsidies for future nuclear projects, including Kazakhstan's first atomic power plant. At the same time, the bill's authors noted that the analysis of international experience points to the constant clarification and supplementation of legislation considering current realities (technology development, market structure, global experience, and the current situation in the country). In particular, in Germany, the law on renewable (alternative) energy sources has undergone six amendments, including an increase in the targets for using alternative energy sources, adjustment of support measures taking into account the achieved level, and so on. Since 2000, various programs have been developed in Poland to supplement and clarify the different incentives for developing alternative energy sources.

Kazakhstan Enters Era of Peaceful Nuclear Energy

Kazakh President Kassym-Jomart Tokayev's bet on a referendum to secure citizens' consent to construct a nuclear power plant has worked. The Central Election Commission of Kazakhstan announced the final results of the referendum held last Sunday, in which 63,66% of citizens eligible to vote showed up at the polling stations. 71.12 % answered “Yes” to the question on the ballot paper about consent to constructing the nuclear power plant. Organizations engaged in sociological surveys of voters at the exit polls announced similar results on Sunday night and Monday. “The exit poll of the Institute of Complex Social Studies - Astana (SOCIS-A) called the referendum participants' decision to favor the construction of nuclear power plants in Kazakhstan. 'For' voted 69.8%, ‘Against’ - 30.2%. Similar figures were shown by the Institute of Eurasian Integration exit poll ('For' - 71.8%, 'Against' - 28.2%). According to the Institute of Public Policy of the Amanat party, 72.3% of referendum participants voted in favor of the NPP construction. In comparison, 27.7% voted against,” Kazakhstani political analyst Eduard Poletayev said on his Facebook account. His colleague Daniyar Ashimbayev, commenting on the exit poll data, emphasized that Kazakhstanis have managed to overcome old phobias related to Chernobyl and tests at the Semipalatinsk nuclear test site, as well as “enemy propaganda.” By 'propaganda', he means the agitation work of opponents to NPP construction. [caption id="attachment_24131" align="alignnone" width="300"] @ТСА/Kubaizhanov[/caption] “For many years, projects to return to nuclear energy were discussed, but there was always a lack of political will, and powerful foreign pressure prevented the decision necessary for the country. And even now, during the campaign period, we have seen the active work of propagandists paid from abroad to not only disrupt the plans for the construction of nuclear power plants but also to try to destabilize the situation in the country,” said Ashimbayev. Ashimbayev implies that the United States is putting sticks in the wheels of the development of Kazakhstan's nuclear industry. And the point here is not that American nuclear corporations were left off the shortlist, which Kazakhstan is considering, but in the usual policy of containment. Not Kazakhstan, of course, but Russia and China - Washington's main geopolitical rivals and competitors. Realizing this, Tokayev, after voting in the referendum and answering journalists' questions afterward, said that he would like the NPP to be built by an international consortium, presumably from the companies of those countries that were on the shortlist: Russia, China, South Korea, and France. “This is not an easy question. The government should engage in analysis and conduct appropriate negotiations. My vision for this issue is for an international consortium to work in Kazakhstan, consisting of global companies with the most advanced technologies. Further, as they say, life will show,” Tokayev said. Kazakhstan has turned another significant page in its history. In 400 days of discussing nuclear power plants - how long it took from when Tokayev first mentioned atomic power to the end of the campaign period - the president's team has managed the...

U.S. Ready to Participate in Construction of Nuclear Power Plant in Kazakhstan

The U.S. has expressed its willingness to participate in constructing a nuclear power plant (NPP) in Kazakhstan. Senior Vice President of the U.S. Chamber of Commerce Khush Choksi made this statement during the visit of the U.S. business delegation to Almaty, Informburo.kz reports. “The U.S. has the best technologies for nuclear power plants. And we hope there will be an open tender, allowing American companies to participate,” said Choksi, answering journalists' questions. As The Times of Central Asia previously reported, the referendum on nuclear power in Kazakhstan was held on October 6. According to preliminary data, 71.12% of Kazakhstanis voted to build a nuclear power plant, but the official results have yet to be announced. Potential participants in constructing the nuclear power plant are also being discussed. Russia, China, France, South Korea, and France are among the countries that are considered suppliers of technologies for NPP construction. These states have proposed their projects, and the Kazakhstani authorities are considering them. It is expected that the winner may be an international consortium, and the final decision will be made based on technical and financial conditions. The preliminary cost of one NPP unit is estimated at $5 billion.