• KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00222
  • TJS/USD = 0.10820
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
12 September 2026

Viewing results 1 - 6 of 68

Uzbekistan Plans Joint Venture to Oversee Nuclear Power Plant

Uzbekistan has proposed creating a joint engineering venture with a foreign partner to provide independent technical oversight of its first nuclear power plant. The venture would review the plant’s design and equipment and monitor construction quality at the site in the Jizzakh region. Uzbekistan’s Atomic Energy Agency (Uzatom) set out the proposal in a September 4 report. The agency has not named potential foreign participants or said when the venture could be established. Construction formally began on June 4 with the first concrete pour for the plant’s first small modular reactor unit. Foundation work is now underway. The project calls for two VVER-1000 reactors and two small modular RITM-200N reactors at a single site. Uzbekistan describes this configuration as an integrated nuclear power plant. Uzatom says design work and construction of external utility networks will continue through the end of 2026. In 2027, authorities plan to order major equipment with lengthy manufacturing lead times. From June 22 to 26, the International Atomic Energy Agency conducted a Phase 2 Integrated Nuclear Infrastructure Review follow-up mission in Uzbekistan. The IAEA said Uzbekistan had made “significant progress” since its 2021 review, while identifying further work needed to improve the nuclear regulator and complete feasibility studies. The final mission report is expected to be published by the agency. Uzatom says the project’s environmental impact assessment has been approved and the necessary permits and licenses have been obtained for the siting and construction of the small modular units. Licensing for the larger VVER reactors is due to continue in 2027. More than 30 companies in Uzbekistan are being considered to supply cables and construction materials for the plant. Uzatom estimates that locally produced goods could account for around 21%, while authorities intend to raise the share above 30%. A specialized 200-hectare industrial zone has been proposed in the Forish district, around 25 kilometers from the nuclear power plant. It could support production in 15 sectors and create up to 2,000 jobs. Domestic firms are also expected to handle much of the work on the site’s utility and transport connections. A new town planned nearby would eventually house up to 33,000 people. At the peak of construction, the project will require more than 10,000 workers and specialists. Authorities plan for local personnel to account for 65%–70% of the workforce. Since 2023, 216 students have graduated from the Tashkent branch of Russia’s National Research Nuclear University MEPhI. Of these, 83 are continuing their studies at universities in China, Hungary, France, Italy, and South Korea. Four universities in Uzbekistan are training around 100 more specialists. Uzatom also plans to use the proposed engineering venture to transfer technical and project-management expertise to local specialists.

Kazakhstan’s Uranium Advantage Is Difficult to Replicate

Kazakhstan supplies about two-fifths of the world’s mined uranium, making it a critical supplier to nuclear markets in Asia, Europe, and the Americas. What sets it apart is not simply its resource base, but its ability to produce and deliver uranium at scale. Kazakhstan already dominates global uranium mining. It produced 25,839 tonnes in 2025, about 40% of world mine output, and production rose another 9% in the first half of 2026. It has been the world’s largest producer since 2009. Kazakhstan holds about 14% of identified global uranium resources, while Australia, Canada and others also have large deposits. Its advantage is that production capacity is already in place. Developing comparable new supply elsewhere would take years. Demand is meanwhile expected to rise. The OECD Nuclear Energy Agency and International Atomic Energy Agency project annual uranium requirements could rise by about 50% by 2050 in their lower case, and more than double in their higher case. In either scenario, Kazakhstan’s existing production base would be hard to quickly replace. A Uranium Supplier Across Major Markets Kazakhstan supplies markets whose fuel-security priorities increasingly differ. Asia accounted for 56% of Kazatomprom’s consolidated uranium sales in 2025, according to its May 2026 investor handout. The Americas accounted for 25%, and Europe for 19%. The sales map gives commercial weight to Kazakhstan’s multi-vector foreign policy. China is a major customer and industrial partner. Russia remains an important partner through joint ventures, enrichment services, and long-term supply arrangements. European and North American utilities, meanwhile, buy Kazakh uranium as part of increasingly diversified procurement portfolios. Kazatomprom widened that customer base in 2025, adding buyers in Switzerland and the Czech Republic, and expanding relationships with Japan and India, according to its full-year financial results. What distinguishes Kazakhstan is the combination of scale and cross-market integration. It supplies Asian, European, and North American markets while maintaining industrial ties with China, Russia, and Western partners. That gives Kazakhstan room to tailor commercial arrangements to different markets. For Western buyers, this could support additional processing and transit options that meet their commercial and regulatory requirements. Kazakhstan could develop these while continuing to serve established Asian markets, attracting new investment while preserving its multi-vector position. Kazakhstan’s importance to the U.S. market is substantial. Kazakh-origin uranium accounted for 28% of deliveries to American civilian reactor operators in 2025, second only to Canada, according to the U.S. Energy Information Administration. Kazakhstan was also the EU’s second-largest source of natural uranium in 2025, accounting for 20.3% of deliveries to EU utilities, according to the Euratom Supply Agency. Kazakhstan’s production share does not mean that equivalent volumes are available for new customers. Twelve of Kazatomprom’s 14 mining operations are partially owned through partnerships, and much of their output is already committed under long-term contracts. Budenovskoye’s 2026 production, for example, is reserved under an existing offtake agreement for Russia’s civilian nuclear industry. Additional capacity would give Kazakhstan more flexibility to respond to demand across multiple markets. Kazakhstan’s Stability Underpins Global Uranium Supply Kazakhstan’s importance to uranium...

Uzbekistan Plans Second Nuclear Power Plant Before First Is Ready

Uzbekistan will soon begin preparations for the construction of a second nuclear power plant (NPP), President Shavkat Mirziyoyev announced during an August 17 visit to Khorezm region. The announcement came a little more than two months after construction officially began on the country’s first NPP. The authorities have not yet disclosed where the new plant will be located or how much capacity it will have. They have also not named a technology partner. Discussing energy in connection with new industrial projects, Mirziyoyev said investors need an acceptable electricity price and a guarantee of uninterrupted supply. Uzbekistan is building its first NPP with the participation of Russia’s state nuclear corporation Rosatom. On June 4, first concrete was poured for the foundation of the first unit of the integrated NPP in Farish district, Jizzakh region, officially marking the start of construction. Mirziyoyev and Russian President Vladimir Putin launched the project by video link. International Atomic Energy Agency (IAEA) Director General Rafael Grossi also participated in the ceremony. The project itself has changed considerably over the past two years. In 2024, Uzbekistan and Russia agreed to build a small nuclear power plant with six RITM-200N reactors, each with a capacity of 55 MW. Tashkent later decided to combine small modular and large-scale nuclear generation at a single site. Under the current configuration, the Jizzakh project will have two large VVER-1000 units and two small RITM-200N units. The complex will have a total capacity of 2.11 GW and is expected to generate about 15.4 billion kWh of electricity annually. The first small reactor is expected to come online in 2029. The first large unit could begin operating in 2033, with the entire complex expected to be commissioned by 2035. Plans for a second NPP come as electricity demand is rising rapidly. Uzbekistan’s 2020–2030 electricity plan aimed to raise annual generation from 63.6 billion kWh to 120.8 billion kWh by 2030. A more recent government forecast puts electricity consumption at 121 billion kWh by 2035. Some of the growing demand is expected to be met by solar and wind power. Nuclear energy is intended to provide baseload generation, including for industry. Mirziyoyev specifically linked preparations for the second plant to investors’ need for a stable electricity supply. Uzbekistan is therefore expanding its nuclear program before its first reactor has entered operation. The country is continuing to develop the infrastructure and expertise needed for the new industry. Following a June review, the IAEA said Uzbekistan had made significant progress but needed to complete work on its nuclear regulatory body and finalize feasibility studies. So far, Mirziyoyev has said only that preparations for the second NPP will begin. Its cost, timetable, capacity, and technology have not been announced, nor has a potential contractor been named. The first NPP involves long-term cooperation with Russia’s nuclear industry. Rosatom is participating in the project, which will use its reactor technology. Mirziyoyev said in June that Uzbekistan planned further nuclear power projects with Russia, but whether the same model will be used for the second plant or Tashkent will consider...

Kazakh Uranium for Asia: Japan Returns for Fuel, South Korea Expands Cooperation

Kazakhstan accounts for around 40% of global uranium production. China already receives not only raw material from the country but also finished fuel assemblies; Japan is signing new contracts after bringing some of its reactors back online; and South Korea is expanding cooperation with Kazakhstan’s nuclear industry. Kazakhstan itself, which for decades exported almost all of its uranium, is preparing to build its own nuclear power plants. These developments are gradually changing the country’s place in Asia’s nuclear energy sector. In December 2025, Kazatomprom, the world’s largest producer of natural uranium, agreed on new supplies with Kansai Electric Power, one of Japan’s major nuclear power operators. The agreement for the supply of uranium oxide concentrate, U₃O₈, was signed during events connected with a visit by a Kazakh delegation to Japan. This is not finished reactor fuel. U₃O₈, known in the industry as yellowcake, must undergo conversion, enrichment, and fuel fabrication after mining. For Kansai, the agreement provides another source of raw material for its nuclear fleet, while for Kazakhstan it continues cooperation with the Japanese company that began almost two decades ago. Japanese demand is rising again after a prolonged decline. The Fukushima Daiichi nuclear disaster in March 2011 led to the gradual shutdown of all the country’s commercial reactors. Restarts began in 2015 after new safety requirements were introduced. In February 2025, the Japanese government approved an energy policy that envisages increasing nuclear power’s share of electricity generation to around 20% by 2040. To achieve this, Tokyo will need not only to restart existing reactors but also to secure their fuel supply. Kansai has a particularly important role in this process. The company operates seven reactors at three sites: Mihama, Takahama, and Ohi. In 2025, it also resumed work to assess the possibility of building a new reactor at the Mihama site. No final decision on construction has yet been made. Kansai’s links with Kazakhstan began long before the current revival of Japan’s nuclear energy sector. In 2006, the company and Sumitomo joined the APPAK uranium mining project in southern Kazakhstan. Kazatomprom currently owns 65% of the company, Sumitomo 25%, and Kansai 10%. APPAK develops the western section of the Mynkuduk deposit in the Turkistan region. For the Japanese company, this provides a presence directly at the source of the raw material. For Kazakhstan, the partnership became one of the first major examples of Asian energy companies participating in its uranium mining industry. China Already Receives Finished Fuel Kazakhstan has gone further with China than simply supplying uranium concentrate. Ulba-FA operates in Ust-Kamenogorsk as a joint venture between the Ulba Metallurgical Plant and China’s CGNPC-URC. The Kazakh side owns 51% and the Chinese side 49%. The plant produces fuel assemblies for Chinese nuclear power plants. Industrial production began in 2021. In December 2022, the first shipment was sent to China, containing just over 30 tonnes of low-enriched uranium in finished fuel assemblies. By the end of 2024, the plant had reached its design capacity of 200 tonnes a year....

Uzbekistan and Belarus Establish Strategic Partnership in Minsk

Uzbekistan and Belarus have established a strategic partnership following President Shavkat Mirziyoyev's official visit to Minsk, where the two governments signed a broad package of economic, labor, scientific, and cultural agreements. According to the Uzbek presidential press service, Mirziyoyev visited Minsk on July 8-9 at the invitation of Belarusian President Alexander Lukashenko. He was welcomed with an official ceremony at the Palace of Independence before the two leaders held both one-on-one and expanded talks with their delegations. The visit marked a notable milestone in a relationship that has expanded steadily in recent years. Diplomatic relations between Uzbekistan and Belarus were established on January 21, 1993, but Uzbekistan opened its first embassy in Minsk only in March 2018. Before that, the Uzbek Embassy in Russia also covered Belarus. The relationship is developing while Belarus remains under extensive European Union sanctions over human rights abuses and its support for Russia's war against Ukraine. Speaking after the talks, Mirziyoyev said the visit had become “a historic event in the development of Uzbek-Belarusian relations.” He said the newly signed declaration “marks the beginning of a new chapter in strengthening interstate cooperation” and demonstrates both countries’ commitment to long-term partnership. The leaders highlighted the rapid growth in economic ties. According to the Uzbek side, bilateral trade has nearly tripled over the past five years and approached $1 billion by the end of 2025, while trade during the first months of 2026 rose by another 30%. Official figures differ according to methodology. The Uzbek side said bilateral trade approached $1 billion in 2025, while Belarusian trade figures put goods trade at almost $855 million and services at $207.9 million. Belarusian state news agency BelTA also said around 230 enterprises with Belarusian capital are registered in Uzbekistan and that Belarus had a positive trade balance of more than $517 million. Both presidents said the target of $2 billion in annual trade is achievable by 2030. To support that goal, the two governments adopted a 2026-2030 action plan covering trade, economic, social, and humanitarian cooperation. The plan includes measures to expand collaboration in agriculture, mechanical engineering, pharmaceuticals, electrical engineering, microelectronics, textiles, furniture production, and other manufacturing sectors. One of the most significant areas discussed was nuclear energy. The Uzbek presidential press service said the parties agreed to draw on Belarusian experience in the construction of Uzbekistan’s first nuclear power plant and related infrastructure. Belarus operates the Russian-financed Ostrovets plant, whose two VVER-1200 units were built by Atomstroyexport. Uzbekistan’s own project is being developed with Russia’s Rosatom and is planned to combine two VVER-1000 reactors with two smaller RITM-200N units. Political analyst Mukhtor Nazirov said the declaration represented a qualitative change and could create opportunities for investment, technology transfer, and industrial cooperation. He described nuclear cooperation as “one of the most important components of the strategic partnership,” arguing that it required a particularly high level of trust. Labor migration also emerged as a major theme. During the talks, Lukashenko invited Uzbek citizens, especially families, to move to Belarus to...

Uzbekistan Begins Construction of First Nuclear Power Plant

Uzbekistan has started building its first nuclear power plant, turning a project discussed for nearly a decade into one of the largest energy commitments in the country's post-Soviet history. President Shavkat Mirziyoyev and Russian President Vladimir Putin launched construction on June 4 by video link from Saint Petersburg. The plant site in the Forish district of the Jizzakh region was connected to the ceremony. Rafael Mariano Grossi, director general of the International Atomic Energy Agency, also took part. The first concrete pour began overnight from June 4 to June 5 for the foundation slab of the plant's first small modular unit. The first stage used 133 cubic meters of concrete. The full pour is expected to exceed 10,000 cubic meters. Uzatom gave the site the official status of a nuclear power plant under construction under IAEA standards. The plan is no longer the modest small-reactor scheme agreed in 2024. The current design combines two large VVER-1000 reactors with two smaller RITM-200N units. Together, they would give the Jizzakh plant more than 2.1 GW of installed capacity. The small and large units will share one site and supporting infrastructure. That shift raised both the scale and the financial and regulatory stakes. This design is the latest version of a plan that has changed several times. Uzbekistan and Russia signed an intergovernmental agreement on peaceful nuclear cooperation in 2017. In 2018, Rosatom was expected to build two VVER-1200 reactors. The focus later shifted to Jizzakh. In May 2024, Uzbekistan and Rosatom signed a contract for a 330 MW small nuclear plant with six RITM-200N reactors. The plan changed again in 2025, when Tashkent and Moscow settled on the larger mixed-reactor format now under construction. The timetable shows how long the project will take before Uzbekistan gets power from it. The first RITM-200N unit is listed for criticality in late 2029, with the two larger VVER-1000 reactors expected in 2033 and 2035. The push reflects Uzbekistan's fast-rising demand for power. The International Energy Agency says the country's 2020-2030 electricity concept aims to lift generation from 63.6 billion kWh to 120.8 billion kWh by 2030, while cutting gas use in power generation. Uzbekistan produced 86.7 billion kWh in 2025. Renewable power is growing, but officials want a steady baseload supply for industry and cities. Uzbek and Russian estimates put full annual output at about 17 billion kWh. Putin put the future share at up to 15% of Uzbekistan's electricity use, with Reuters also placing the expected contribution at around 15% of demand. Those figures depend on the timing of each unit and on future consumption, which is still rising. Financing is now one of the central questions. Uzatom director Azim Akhmedkhadjaev put the project's base price at $9.5 billion and described that figure as the maximum contract amount. The estimate does not include planned localization, which Uzbekistan wants to raise to 30%. Tashkent wants loans to cover 85-90% of the project and may discuss funding with the New Development Bank and other partners. Russia...