28.05.2026, 15:43
Kazakhstan and Russia have signed an agreement on the construction of a nuclear power plant and its financing
Source: OREANDA-NEWS
OREANDA-NEWS Kazakhstan and Russia have signed agreements on the basic principles and conditions of cooperation on the construction of a nuclear power plant in Kazakhstan on the territory of the Republic of Kazakhstan, as well as on the provision of a state export loan to finance its construction, an Interfax correspondent reports.
The document was signed in Astana by Chairman of the Atomic Energy Agency of the Republic of Kazakhstan Almasadam Satkaliyev and Director General of the State Atomic Energy Corporation Rosatom Alexey Likhachev.
As Likhachev said earlier, the Russian loan will be provided "for most of the investment volume." "But not all of it, part of it will remain with the Kazakh side," he said.
"We will try to do this in the current decade," he replied to a question from reporters about the timing of pouring the first concrete at the station.
"We have been conducting surveys on the site for a year now," said the top manager, noting that "by the end of the year, all the technical conditions, nuances, and subtleties of this project will be clear to us."
A day earlier, Likhachev reported that Rosatom expects to begin active construction at a nuclear power plant in Kazakhstan in 2027. The pace of construction will depend on the customer, the main parameters will be set by the Government of Kazakhstan.
"We proceed from the fact that we will begin the turnaround of the construction and installation base next year. At the same time, the preparation of technical documentation for obtaining a license will begin," Likhachev said at the time and assured that Rosatom would do everything to make the NPP operational in the mid-2030s. Its commissioning will take place in stages with an interval of 8-10 months between the first and second power units.
He also noted that the state corporation sees no problems involving other countries in the implementation of the NPP project. Rosatom is aware that the leadership of Kazakhstan has been negotiating with suppliers from China, France and South Korea. Some of these companies are working on Rosatom projects in Egypt, Turkey, and Hungary.
As for the second NPP project, Kazakhstan has not yet officially announced its decision on both configuration and location, Likhachev noted.
"As soon as we receive such information, we will immediately begin practical negotiations," he said.
It is planned to build several nuclear power plants in Kazakhstan. The first one will be built by Rosatom, the construction of the station will take approximately 11 years and may be completed in 2035-2036. Research work near the village of Ulken in Balkhash began on August 8, 2025. The name of the first NPP is Balkhash.
In April, Satkaliyev said that Russia would provide Kazakhstan with 85% of the funds in the form of a loan for the construction of a nuclear power plant, while the government of Kazakhstan would take over the remaining 15%. Kazakhstan considers Chinese CNPC as a priority partner for the construction of the second nuclear power plant in Balkhash with the working name "Moyinkum".
The document was signed in Astana by Chairman of the Atomic Energy Agency of the Republic of Kazakhstan Almasadam Satkaliyev and Director General of the State Atomic Energy Corporation Rosatom Alexey Likhachev.
As Likhachev said earlier, the Russian loan will be provided "for most of the investment volume." "But not all of it, part of it will remain with the Kazakh side," he said.
"We will try to do this in the current decade," he replied to a question from reporters about the timing of pouring the first concrete at the station.
"We have been conducting surveys on the site for a year now," said the top manager, noting that "by the end of the year, all the technical conditions, nuances, and subtleties of this project will be clear to us."
A day earlier, Likhachev reported that Rosatom expects to begin active construction at a nuclear power plant in Kazakhstan in 2027. The pace of construction will depend on the customer, the main parameters will be set by the Government of Kazakhstan.
"We proceed from the fact that we will begin the turnaround of the construction and installation base next year. At the same time, the preparation of technical documentation for obtaining a license will begin," Likhachev said at the time and assured that Rosatom would do everything to make the NPP operational in the mid-2030s. Its commissioning will take place in stages with an interval of 8-10 months between the first and second power units.
He also noted that the state corporation sees no problems involving other countries in the implementation of the NPP project. Rosatom is aware that the leadership of Kazakhstan has been negotiating with suppliers from China, France and South Korea. Some of these companies are working on Rosatom projects in Egypt, Turkey, and Hungary.
As for the second NPP project, Kazakhstan has not yet officially announced its decision on both configuration and location, Likhachev noted.
"As soon as we receive such information, we will immediately begin practical negotiations," he said.
It is planned to build several nuclear power plants in Kazakhstan. The first one will be built by Rosatom, the construction of the station will take approximately 11 years and may be completed in 2035-2036. Research work near the village of Ulken in Balkhash began on August 8, 2025. The name of the first NPP is Balkhash.
In April, Satkaliyev said that Russia would provide Kazakhstan with 85% of the funds in the form of a loan for the construction of a nuclear power plant, while the government of Kazakhstan would take over the remaining 15%. Kazakhstan considers Chinese CNPC as a priority partner for the construction of the second nuclear power plant in Balkhash with the working name "Moyinkum".
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