• KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01146 0%
  • KZT/USD = 0.00193 -0%
  • TJS/USD = 0.10153 0%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0%

Viewing results 1 - 6 of 28

Kazakhstan’s Nuclear Diplomacy – With China Set to Build Second, Who Will Construct Third Nuclear Power Plant?

Kazakhstan’s famed hospitality, long enshrined in its national proverbs, has also become a guiding principle in its foreign policy. One recent example is the Kazakh government’s diplomatic maneuvering in the selection of partners for its nuclear power program. Leader of the Race Initially, Kazakhstan planned to build a single nuclear power plant by 2035 to address potential electricity shortages. However, following the October 6, 2024, referendum, where 71.12% of voters approved a plant in the Almaty Region, President Kassym-Jomart Tokayev instructed the government to explore the construction of at least two additional facilities. This directive, as it turns out, was both timely and strategic. In March 2025, the newly formed Atomic Energy Agency, reporting directly to the president, was tasked with overseeing the selection of international consortium leaders. On June 14, the agency announced that Russia’s state-owned Rosatom would lead the consortium to build Kazakhstan’s first nuclear power plant. Rosatom CEO Alexey Likhachev welcomed the decision, stating that the VVER-1200 Generation 3+ reactors, already operating in Russia and Belarus and selected by partners in Hungary, Egypt, Turkey, Bangladesh, and China, would be used. These reactors, he emphasized, meet international safety standards and integrate both active and passive safety systems. Tricks Up Their Sleeves Behind the scenes, the selection process revealed a quiet tug-of-war between Chinese and Russian interests. Ultimately, Rosatom prevailed, thanks, in part, to two strategic moves. First, Rosatom’s supporters enlisted Assystem, an ostensibly independent nuclear engineering consultancy, to assist Kazakhstan Atomic Power Plants LLP in the evaluation process. The firm’s analysis favored Rosatom. Second, to pre-empt concerns about Western sanctions, the Kazakh authorities emphasized that Kazakhstan would be the sole owner and operator of the facility. Atomic Energy Agency head Almasadam Satkaliev stated that Kazakhstan would control the entire production cycle from uranium mining to fuel processing and plant maintenance, thereby limiting direct Russian involvement post-construction. This arrangement may allow the creation of a Kazakh legal entity immune to Western sanctions, as it would be wholly state-owned. Whether this could offer Rosatom a loophole for acquiring restricted components remains an open question but one that few may press given the global interest in nuclear safety. Another Contender Emerges Just hours after Rosatom’s contract was announced, Satkaliev made a second, equally strategic statement: China National Nuclear Corporation (CNNC) would lead the construction of Kazakhstan’s second nuclear power plant. Satkaliev cited CNNC’s “strongest proposals” and revealed plans for a broader agreement on nuclear cooperation with China. “Objectively, few countries can master the entire nuclear cycle. China is one of them,” Satkaliev noted. Back in February, prior to the agency’s creation, Kazakhstan’s Ministry of Energy, then also led by Satkaliev, had identified Kurchatov and Aktau as potential sites for future nuclear facilities. Kurchatov lies near the former Semipalatinsk nuclear test site, while Aktau once hosted the Soviet-era BN-350 fast neutron reactor. The timing of Satkaliev’s announcement is no coincidence. Chinese President Xi Jinping is scheduled to visit Kazakhstan on June 16 for the second China-Central Asia Summit. For a nation that...

Rosatom Selected to Build Kazakhstan’s First Nuclear Power Plant

Kazakhstan has announced that the Russian nuclear energy corporation Rosatom will take the lead in constructing the country’s first nuclear power plant. This landmark project, which was greenlit following a national referendum, signals Kazakhstan’s commitment to diversifying its energy sources and marks a significant step in its energy strategy following years of massive energy deficits, which are projected to reach 3.3 billion kWh in 2025. The nuclear power plant will consist of two reactors and will be built near the village of Ulken, on the western shore of Lake Balkhash, approximately 400 kilometers northwest of Almaty. The plant is expected to have an electricity generation capacity of 2.4 gigawatts by 2035, meeting a significant portion of Kazakhstan's future energy needs. This project will restore Kazakhstan's nuclear power generation, which has been absent since the closure of the BN-350 reactor in 1999. Rosatom's selection follows a competitive bidding process that also included major international players, China National Nuclear Corporation (China), Électricité de France (France), and Korea Hydro & Nuclear Power (South Korea). The proposals were assessed based on criteria such as safety, cost, workforce training, nuclear fuel cycle cooperation, and social responsibility initiatives, with Rosatom’s proposal being deemed the most advantageous. Both President Tokayev and the Kazakh Atomic Energy Agency had previously highlighted the importance of forming an international consortium for the project given Kazakhstan’s multi-vector foreign policy. Given current geopolitical events, it remains unclear whether other parties would join a consortium headed by Russia. Efforts are currently underway to secure state export financing from the Russian Federation as part of Rosatom’s proposal. Kazakhstan is the world's largest uranium producer but has relied heavily on coal-powered plants for electricity generation, supplemented by hydropower and an increasing shift toward renewables. The coal industry currently provides fuel for approximately 70% of the nation’s electricity generation. The nuclear power pivot in the country’s energy strategy is aimed at reducing Kazakhstan’s dependency on fossil fuels, enhancing energy security, and addressing environmental concerns. As previously reported by The Times of Central Asia, over the past two decades, air pollution levels in Kazakhstan have remained persistently high despite numerous reform pledges and reductions in specific emissions. Economically, the plant is expected to improve Kazakhstan’s electricity supply reliability, support industrial growth, and create jobs in technology development, construction, and power plant operations. Speaking in January, former Minister of Energy Almasadam Satkaliyev stated that “By 2030, the NPP construction project will create around 5,000 jobs, peaking at approximately 10,000 jobs in 2032. Once operational, the first plant will provide at least 2,000 permanent positions.” The project also includes plans for the localization of equipment and workforce training, ensuring long-term capacity building. Kazakhstan's selection of Rosatom as the lead in its first nuclear power project reflects a strategic blend of technological ambition, international collaboration, and energy diversification. “Rosatom has been actively involved in Kazakhstan’s nuclear sector for years, including uranium mining and nuclear fuel cycle activities,” James Walker, CEO and Head of Reactor Development at NANO Nuclear Energy told The Times...

Opinion: In Kazakhstan’s Nuclear Race, Financial Muscle Will Decide the Winner

The most closely watched development in Kazakhstan this June is the decision over which foreign company will be awarded the contract to build the country’s first nuclear power plant. According to earlier announcements, the Kazakh Atomic Energy Agency is expected to make its decision by the end of the month. Bidders from South Korea, France, Russia, and China remain in contention, although recent expert commentary suggests that earlier assumptions favoring Russia’s Rosatom may no longer hold. Competing Interests Beneath the Surface In Kazakhstan, there appears to be an internal struggle between two strategic camps with opposing visions for the project’s future. Each faction has its own backers, deeply embedded in the country’s nuclear ambitions. One group, primarily composed of financial officials and economic policymakers, is advocating for the least expensive option. Their preferred bidder is China's China National Nuclear Corporation (CNNC), which is offering the lowest project cost, backed by Chinese bank financing. This group is influenced not only by CNNC’s competitive pricing but also by China’s broader economic leverage over Kazakhstan. The second group consists of nuclear professionals, scientists, engineers, and technicians, who prioritize reliability and operational familiarity. Their preference leans toward Rosatom, given Russia’s historical involvement and established presence in Kazakhstan’s nuclear sector. This technical camp is widely viewed as a de facto ally of the Kremlin, as Rosatom’s participation would extend Moscow’s long-term strategic influence in Central Asia. Given the 50-60-year operational lifespan of such reactors, this influence would be enduring. Though this tension remains speculative, patterns observed over the past decade suggest a real and ongoing tug-of-war. No Thermal Power, No Nuclear Power? At the end of May, media in Kazakhstan reported that Russia might not fulfill its commitments under a 2023 memorandum signed during President Vladimir Putin’s visit to Astana. The agreement with President Kassym-Jomart Tokayev concerned the construction of three coal-fired thermal power plants (TPPs) in Kokshetau, Semey, and Ust-Kamenogorsk, with Russian energy giant Inter RAO designated as the turnkey builder. The total cost was estimated at $2.8 billion. However, in April 2024, First Deputy Prime Minister Roman Sklyar acknowledged financial hurdles. While design and preliminary work continue, difficulties remain in subsidizing equipment interest rates. Sklyar noted that a change in investor may be considered, and the situation could be resolved within a month. Oil and gas expert Olzhas Baidildinov has speculated that the nuclear power plant project may be bundled with the thermal plants as a “social burden”, a condition that CNNC might accept more readily than Rosatom. “If CNNC is chosen to build the nuclear power plant, the thermal plants could follow as part of the package,” Baidildinov suggested via his Telegram channel. Sergey Agafonov, head of the Kazakhstan Association of Energy Supply Organizations, also sees the nuclear and thermal plant projects as interconnected, particularly with regard to financing. Debunking the Price Myth The technical community has responded swiftly to growing narratives about CNNC's supposedly unbeatable offer to construct the nuclear plant for $5.5 billion, a claim spread via Chinese sources. Nuclear...

Kazakhstan’s Crypto Aspirations Face a Power Problem

Kazakhstan’s First Deputy Minister of Digital Development, Innovation, and Aerospace Industry, Kanysh Tuleushin, believes that state-regulated cryptocurrency mining could generate substantial revenue and help modernize the country's energy infrastructure. Tuleushin argues that Kazakhstan has the potential to become Central Asia’s leading blockchain hub. However, this vision clashes with the country’s ongoing energy crisis, which continues to impact households and businesses. Optimistic Vision In an article published in the state newspaper Kazakhstanskaya Pravda, Tuleushin outlined how mining operations could contribute to the development of Kazakhstan’s power generation capabilities. He emphasized the use of associated petroleum gas (APG) to produce electricity for mining, which he claims would reduce carbon emissions and boost oil sector profits. “Miners can help modernize the power grid. In the U.S., they participate in grid balancing by consuming excess energy during low-demand periods. Kazakhstan already has a ‘70⁄30’ initiative, where foreign investors upgrade thermal power plants, allocating 70% of new capacity to the general grid and 30% to miners,” Tuleushin wrote. Tuleushin reported that cryptocurrency mining has brought 17.7 billion tenge to the national budget over the past three years. Meanwhile, trading volume on the Astana International Financial Center (AIFC) exchanges increased from $324.2 million in 2023 to $1.4 billion in 2024. From January 1, 2025, miners will be required to sell 75% of their assets through the AIFC. Despite a generally cautious regulatory stance, Kazakhstan permits digital asset trading within the AIFC. Digital assets are categorized as secured (linked to physical assets) or unsecured (such as Bitcoin and Ethereum). In 2023, digital asset transactions in Kazakhstan reached $4.1 billion, but 91.5% occurred in the “gray zone,” beyond state oversight. In 2024 alone, the Financial Monitoring Agency shut down 36 illegal crypto exchanges, froze $4.8 million in assets, and blocked over 3,500 illicit platforms. Tuleushin argues that fully legalizing and regulating these operations could add more than 190 billion tenge annually to the budget, enough to fund major public infrastructure such as schools and hospitals. He proposes extending crypto trading beyond the AIFC, authorizing crypto ATMs, and opening the market to major players, an approach akin to that of the UAE. Tuleushin also claimed that regions like Pavlodar and Karaganda have electricity surpluses and that Kazakhstan's cold climate further lowers operational costs for miners. Unchecked Consumption and Mounting Strain Despite the deputy minister's optimism, Kazakhstan’s Supreme Audit Chamber (SAC) has raised alarms over uncontrolled energy consumption by miners. According to a 2024 audit, miners consumed 901 million kWh worth 13 billion tenge, despite a national energy shortage, by bypassing RFZ LLP, the country’s sole energy purchaser. Former Prime Minister and current head of the Supreme Audit Chamber, Alikhan Smailov, warned, “Miners are consuming up to a billion kilowatt-hours. This is damaging our economy. How can we allow unchecked consumption amid such a crisis?” The audit revealed systemic issues, including deteriorating Soviet-era power plants (55% average wear), a 4,500-worker shortfall in the energy sector, and a lack of financial oversight by the Ministry of Energy. Looming Crisis In January...

Russia Launches Production of Reactor Equipment for Uzbek Nuclear Project

Russia’s state nuclear corporation Rosatom has begun manufacturing reactor equipment for Uzbekistan’s first small nuclear power plant, marking a significant step in bilateral energy cooperation. The announcement was made during Energy Week in Tashkent, which runs from May 13 to 15, according to TASS. Rosatom’s facility in Saint Petersburg has completed the first steel casting for the RITM-200N reactor unit, weighing 205 tons. The company noted that this casting marks the initial phase of reactor assembly. Project Overview The nuclear power plant will be built in Uzbekistan’s Jizzakh region under a contract signed on May 27, 2024. It will comprise six small modular reactors (SMRs), each with a capacity of 55 megawatts, for a combined output of 330 megawatts. Atomstroyexport, a Rosatom subsidiary, is the main contractor, with participation from several Uzbek construction firms. The RITM-200N reactor is derived from Russia’s naval reactor technology and has been adapted for stationary, land-based use. Rosatom describes it as compact and efficient, with a design that enables accelerated construction timelines, qualities seen as key to addressing modern energy challenges. Strategic Importance Rosatom CEO Alexey Likhachev confirmed that all legal and contractual matters between Russia and Uzbekistan have been finalized. He added that construction could begin within a year, or potentially even sooner. Azim Akhmadkhodjaev, head of Uzbekistan’s Atomic Energy Agency, emphasized the strategic significance of nuclear energy in reducing dependence on imported fossil fuels. He also outlined national plans to increase the share of renewable energy in Uzbekistan’s energy mix from 16% to 54% by 2030. Energy analysts say that combining nuclear and renewable sources will help Uzbekistan meet its growing electricity needs while mitigating environmental impact.

Uzbekistan Looks to Nuclear Power for Energy Security

Uzbekistan is moving forward with plans to build its first nuclear power plant, a project that officials say is critical to the country’s long-term energy security. In an interview with the Alter Ego YouTube project, Azim Akhmadkhodjaev, head of Uzbekistan’s Atomic Energy Agency, argued that nuclear power is the only viable alternative to continued reliance on imported fossil fuels. “Let’s continue to import high-calorie coal, burn it, and poison our environment. Let's import tens of billions of cubic meters of gas and spend money on it. Or we can build a few nuclear power plants, reduce the cost of electricity, and become energy independent. Will we achieve energy independence? Undoubtedly, yes,” Akhmadkhodjaev said. A Strategic Partnership with Global Players The nuclear power project is being developed with Russian technical support, but Akhmadkhodjaev emphasized that this does not compromise Uzbekistan’s sovereignty. The plant will be fully owned and operated by Uzbekistan, with local specialists overseeing daily operations. “The nuclear island will be Russian because this technology is the most reliable and proven. However, the automated control system will be based on European technology, and the turbine equipment will be made in Europe or China,” he explained. In addition to Russian expertise, Uzbekistan is engaging with several French companies. Negotiations are ongoing with Assystem for technical support, Bureau Veritas for training specialists, and Framatome for managing key technical aspects of the project. Balancing Energy Sources While pursuing nuclear energy, Uzbekistan is also working to boost the share of renewables in its energy mix, from 16% today to 54% by 2030. Energy analysts say that a diversified portfolio, combining nuclear and renewable sources, will help the country meet its energy needs while minimizing environmental harm.