Kazakhstan and Russia sign agreements on nuclear power plant construction and financing

en.Wedoany.com Reported - According to reports, Kazakhstan and Russia have signed an agreement on the basic principles and terms of cooperation for the construction of a nuclear power plant in Kazakhstan, as well as an agreement on providing a state export loan to finance its construction.

The documents were signed in Astana by Almasadam Satkaliyev, Director of the Atomic Energy Agency of the Republic of Kazakhstan, and Alexey Likhachev, General Director of Rosatom.

As Likhachev previously stated, the Russian loan will be "used for the majority of the investment." He noted, "But not the entire amount; a portion will remain with the Kazakh side."

"We will strive to complete this work within this decade," he said in response to a journalist's question about the timing of the first concrete pour at the station.

"We have been conducting site surveys for a year," the senior manager said, "and by the end of this year, all technical conditions, nuances, and complexities of this project will be clear to us."

The day before, Likhachev announced that Rosatom expects to begin construction of the nuclear power plant in Kazakhstan in 2027. The construction timeline will depend on the client, and the main parameters will be set by the Kazakh government.

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