
Russia to build Kazakhstan's first nuclear power plant
"Rosatom has been named as the leader of the international consortium for the construction of the first nuclear power plant in Kazakhstan," the former Soviet republic's nuclear power agency said in a statement.
Kazakhstan, a vast resource-rich country in Central Asia, is currently the world's top uranium producer, providing 43 per cent of supplies.
It does not produce enough electricity to meet domestic consumption needs.
The new power plant, whose construction was approved in a referendum in late 2024, will be built near the half-abandoned village of Ulken near Balkhash Lake.
The lake, located in the southeast, is the country's second largest.
China's National Nuclear Corporation, France's EDF and South Korea's Hydro and Nuclear Power had all bid to build the plant.
In their announcement on Saturday, the Kazakh authorities said that the three companies would be included in the consortium led by Rosatom but did not provide any details.
Observers say the idea of the consortium is a way for authorities to maintain good relations with all the countries involved but is unlikely to come to fruition and Rosatom will end up building the plant by itself.
Kazakh President Kassym-Jomart Tokayev has sought to keep good relations both with former colonial power Russia and with China, which borders the country to the east and finances major infrastructure projects in the region.
Rosatom has proposed financing the project and work will now begin to thresh out the details, the statement said.
The announcement comes a few days before Chinese leader Xi Jinping is due to visit Kazakhstan for a "China-Central Asia" summit.
Kazakhstan had nuclear power plants when it was part of the Soviet Union, in addition to hosting Soviet nuclear weapons.
It was also the site for Soviet nuclear testing.
After the break-up of the USSR in 1991, the new country gave up its nuclear weapons, along with other ex-Soviet states Belarus and Ukraine.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Straits Times
10-07-2025
- Straits Times
Kazakhstan's leader tells Trump that he hopes for compromise on new U.S. tariffs
Sign up now: Get ST's newsletters delivered to your inbox ALMATY - Kazakh President Kassym-Jomart Tokayev told U.S. President Donald Trump in a letter that he was ready for constructive dialogue on trade issues after Trump slapped fresh 25% reciprocal tariffs on the Central Asian country. Trump launched a new global trade war this week, imposing higher tariff rates on a slew of countries as he continues his "America First" policies. Beginning August 1, goods exported from Kazakhstan to the United States will face a 25% reciprocal tariff. Most of the oil-rich country's exports will continue to be supplied without the new duties. Its key exports - oil, uranium, silver, ferroalloys, tantalum and titanium - are exempted from tariffs, according to the Kazakh trade ministry. Tokayev said in a letter to Trump that the country was ready to continue dialogue with the White House to reach a rational solution to trade issues. "Tokayev expressed confidence in reaching a compromise on the trade issue," the presidential press service said in a statement. The trade turnover between Kazakhstan and the U.S. in 2024 amounted to $4.2 billion, which is 4% higher than in 2023. Kazakhstan's main export commodity to the U.S. is crude oil, which accounts for 56.2% of total supplies, uranium - 16.4%, silver - 12.2%, ferroalloys - 9.5%, tantalum and products made from it - 0.89%. REUTERS Top stories Swipe. Select. Stay informed. Business S'pore to launch new grant for companies, expand support for workers amid US tariff uncertainties World Trump's ambassador nominee to Singapore Anjani Sinha has a rough day at Senate hearing Singapore Proposed new law protecting Singaporeans' genetic data to be strengthened: Ong Ye Kung Asia Dr Mahathir at 100: Still haunted by the Malay Dilemma Singapore What's next for PSP following its post-GE leadership shake-up? Singapore NDP 2025: Diamond formations, 'multi-axis' fly-past to headline parade's aerial display Multimedia 60 objects to mark SG60: Which is your favourite? Singapore HDB flats less attainable in 2024 compared with 2022: Report


CNA
05-07-2025
- CNA
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
LONDON :OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on Iran. The group, which pumps about half of the world's oil, has been curtailing production since 2022 to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pump more to help keep gasoline prices lower. The production boost will come from eight members of the group - Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria. The eight started to unwind their most recent layer of cuts of 2.2 million bpd in April. The August increase represents a jump from monthly increases of 411,000 bpd OPEC+ had approved for May, June and July, and 138,000 bpd in April. OPEC+ cited a steady global economic outlook and healthy market fundamentals, including low oil inventories, as reasons for releasing more oil. The acceleration came after some OPEC+ members, such as Kazakhstan and Iraq, produced above their targets, angering other members that were sticking to cuts, sources have said. Kazakh output returned to growth last month and matched an all-time high. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, wants to expand market share amid growing supplies from rival producers like the United States, sources have said. With the August increase, OPEC+ will have released 1.918 million bpd since April, which leaves just 280,000 bpd to be released from the 2.2 million bpd cut. On top of that, OPEC+ allowed the UAE to increase output by 300,000 bpd. The group still has in place other layers of cuts amounting to 3.66 million bpd. The group of eight OPEC+ members will next meet on August 3.


CNA
05-07-2025
- CNA
OPEC+ set to further speed up output hikes, sources say
LONDON :OPEC+ will likely agree to further accelerate oil output increases on Saturday at its first meeting since oil prices jumped, and then retreated, following Israeli and U.S. attacks on Iran. The group, which pumps about half of the world's oil, has been curtailing production since 2022 to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pumped more to help keep gasoline prices lower. The group may agree to raise output by as much as 550,000 barrels per day in August, up from monthly increases of 411,000 bpd it approved for May, June and July, and 138,000 bpd in April, two sources familiar with the discussions said. Eight members of the group - Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria - are due to meet online on Saturday at 0900 GMT to decide policy for August. The eight began unwinding their most recent output cut of 2.2 million bpd in April. They then accelerated the hikes in May, June and July, despite the extra supply weighing on crude prices. The acceleration came after some OPEC+ members, such as Kazakhstan and Iraq, produced above their targets, angering other members that were sticking to cuts. Kazakh output returned to growth last month and matched an all-time high. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, is looking to expand its market share against the backdrop of growing supplies from other producers like the United States, sources have said. So far, OPEC+ has announced production increases of 1.37 million bpd between April and July, representing 62 per cent of the production cut of 2.2 million bpd that it is unwinding.