• KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
  • KZT/USD = 0.00216
  • TJS/USD = 0.10800
  • UZS/USD = 0.00008
  • TMT/USD = 0.29760
18 August 2026

Viewing results 1 - 6 of 65

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...

Kazakhstan Recasts Its Nuclear Past

At the United Nations in late April, Robert Floyd, executive secretary of the Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization, warned that any renewed nuclear test by Russia, the United States, or another state could draw other nuclear powers back into testing. His remarks followed the re-emergence of nuclear testing as an issue in international political debate. Kazakhstan enters this debate from the opposite side of nuclear history. It is a former Soviet nuclear test ground that now defines its nuclear policy through civilian power, peaceful use, and non-proliferation. Kazakhstan’s nuclear future is shaped by its nuclear past. The country was a Soviet nuclear test ground at Semipalatinsk, now Semey, where late-Soviet public-health concerns helped force nuclear testing into public politics before the site’s closure. After independence, Kazakhstan renounced the Soviet-era nuclear weapons it inherited on its territory. Its present nuclear-energy policy begins from that record. It is not a search for nuclear status, but a civilian program formed by restraint, public memory, and national development. Semipalatinsk is the source of Kazakhstan’s authority on nuclear testing. Between 1949 and 1989, the Soviet Union used the site as one of its principal nuclear testing grounds. In total, 456 nuclear tests were conducted there, including 340 underground and 116 atmospheric tests. Kazakhstan closed the site in 1991. These facts remove the subject from arms-control abstraction. For Kazakhstan, nuclear testing is a territorial, social, public-health, and political inheritance, bound to the eastern steppe and the communities around the former test range. Atomic Lake gives that history a single, physical form. In January 1965, the Soviet Union carried out the Chagan underground nuclear explosion at the Semipalatinsk Test Site. The blast, with a yield of 140 kilotons, was part of a Soviet program for using underground nuclear explosions in civil engineering, including reservoirs and channels in water-scarce regions. It created the crater later known as Atomic Lake. The site remains a physical residue of the Soviet claim that nuclear explosions could serve economic and social development. This is why nuclear technology in Kazakhstan cannot be politically neutral. Independence gave Kazakhstan agency in that history. Kazakhstan transferred Soviet-era nuclear weapons to Russia by April 1995 and took part in cooperative threat reduction, including the sealing of test-site boreholes and tunnels. More recently, it became host to the International Atomic Energy Agency’s Low Enriched Uranium Bank at Ulba, in Oskemen. The bank is an IAEA-owned fuel-assurance reserve for peaceful nuclear power, designed to support access to nuclear fuel without encouraging additional enrichment programs. Kazakhstan’s civilian nuclear claim, therefore, rests on practice: disarmament, threat reduction, and non-proliferation infrastructure. The policy now turns on a practical paradox. Kazakhstan has been the world’s leading uranium producer since 2009 and produced about 40% of the world’s uranium in 2025. Yet it has no operating nuclear power plant. Its Soviet-era BN-350 reactor, near Aktau on the Caspian Sea, was decommissioned in 1999 after decades of electricity generation and desalination. Kazakhstan is central to the global nuclear fuel cycle but has...

Kazatomprom Negotiates Long-Term Uranium Supply Deal with India

Kazakhstan’s national nuclear company Kazatomprom is negotiating a long-term uranium supply agreement with India as part of efforts to expand its presence in key global markets. The announcement was made by the company’s CEO, Meirzhan Yussupov, during a meeting with President Kassym-Jomart Tokayev, according to a statement published on the presidential administration’s website. The potential contract forms part of Kazatomprom’s development strategy for 2025-2034, which focuses on diversifying export destinations and strengthening the company’s competitive position. In 2025, the company has already concluded supply agreements with several international energy firms, including Switzerland’s Axpo Power AG, the Czech Republic’s ČEZ Group and Japan’s Kansai Electric Power Co. Kazakhstan remains the world’s largest producer of uranium, accounting for roughly 21% of global output. Total production in the country reached 25,800 tons last year, with 13,500 tons generated by Kazatomprom’s own projects. The company’s sales volumes rose by 11% to 18,500 tons. Kazatomprom is also expanding its resource base. Its exploration portfolio includes six new prospective sites covering more than 1,000 square kilometers. Investment in geological exploration through 2030 is projected at between $155 million and $176 million. The company has placed increased emphasis on research and technological development, adopting a strategy through 2034 aimed at improving mining efficiency, reducing environmental impact, and introducing new production solutions. Since its initial public offering in 2018, Kazatomprom’s market capitalization has increased more than seven times, reflecting stronger investor interest in the uranium sector amid rising global demand for nuclear energy. The company also continues to invest in social initiatives in the regions where it operates. In 2025, more than $22 million was allocated to regional development projects, including about $12.5 million provided under contractual obligations. The Times of Central Asia previously reported that Kazakhstan had amended its Subsurface Use Code, increasing the state’s regulatory role in the uranium industry and reinforcing Kazatomprom’s position in the sector.

IAEA to Review Uzbekistan Nuclear Power Project in 2026

A mission from the International Atomic Energy Agency (IAEA) is expected to visit Uzbekistan in the second half of 2026 to assess progress on the country’s nuclear power plant project, according to Uzbekistan’s Atomic Energy Agency (Uzatom). Preparations for the visit were discussed during a meeting between Uzatom Director Azim Akhmedkhadjaev and IAEA Director General Rafael Grossi. Uzbek officials said the talks focused on expanding cooperation in nuclear energy and reviewing progress under a joint roadmap aimed at deepening collaboration. According to Uzatom, Grossi noted Uzbekistan’s efforts to develop nuclear energy in line with international standards and IAEA recommendations. He also referred to reforms carried out under President Shavkat Mirziyoyev that, in his view, have helped create the institutional conditions necessary for implementing the nuclear program. The planned follow-up Integrated Nuclear Infrastructure Review (INIR) mission is expected to evaluate preparations for the construction of Uzbekistan’s first nuclear power plant. The facility is planned to be built in the Farish district of Jizzakh Region. Uzbek officials said IAEA specialists will assess progress on key aspects of the project during the visit. Grossi reportedly described the mission as an important stage in the implementation of Uzbekistan’s nuclear energy plans. Discussions also addressed the next practical phase of the project, including the start of initial construction works at the site. According to Uzatom, the planned nuclear power complex is expected to combine both large and small reactor units. At the conclusion of the meeting, Grossi confirmed the IAEA’s readiness to continue supporting Uzbekistan’s nuclear energy program and accepted an invitation to attend events marking the launch of construction. The sides also discussed increasing the number of Uzbek specialists working in the IAEA Secretariat, which officials say could strengthen national expertise in the nuclear sector and expand participation in international projects. The Times of Central Asia previously reported that Belarus has expressed readiness to assist Uzbekistan in developing nuclear power capacity and training specialists, offering to share experience gained through cooperation with Russia.