National atomic company "Kazatomprom" announces signing Agreement on cooperation in nuclear energy industry with China General Nuclear Power Corporation

/KASE, December 15, 14/ – National atomic company "Kazatomprom" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote On December 14, 2014, within the framework of the meeting of Kazak-Chinese Business Council, in the presence of the Prime-Ministers of the Republic of Kazakhstan and the People's Republic of China the Agreement on extensive and more intensive mutual cooperation in nuclear power was signed between NAC Kazatomprom JSC and China General Nuclear Power Corporation (CGNPC). The agreement was signed by Nurlan Kapparov, CEO of NAC Kazatomprom JSC, and Zhang Shanming, General Manager of CGNPC. The agreement makes provisions for the development of strategic cooperation in the fields of uranium resources development, nuclear fuel production, peaceful uses of nuclear power, and transiting of uranium products through China and Kazakhstan. Establishing of joint venture for the production of fuel assemblies (FA) in Kazakhstan for the needs of Chinese NPPs is planned under the Agreement. FA manufacturing output is expected to reach 200 tones expressed as enriched uranium with further expansion of production for the third countries. It should be reminded that since 2006 the parties have been actively promoting cooperation in joint development of uranium resources, natural uranium supplies and production of fuel pellets. Kazakhstan and China have established and jointly operate the uranium-producing enterprise "Semizbai-U" LLP in the territory of Kazakhstan. unquote [2014-12-15]