Within the framework of the official visit of Prime Minister of Kazakhstan Karim Massimov to China, the chairman of the national atomic company “Kazatomprom” Askar Zhumagaliyev and CEO of CGNPC (China General Nuclear Power Corporation) Zhang Shanming signed a commercial terms agreement for design and construction of fuel assemblies plant in Kazakhstan and for joint development of uranium mines in Kazakhstan.
The agreement establishes fuel assemblies production for Chinese nuclear power plants on the basis of "Ulba Metallurgical Plant" with an outcome capacity of 200 tons per year.
There was also a trilateral agreement of intent signed by Kazatomprom Chairman Askar Zhumagaliyev, President of «China National Nuclear Corporation» Qian Zhimin, Vice-Chairman and President of «CITIC Group Corporation» Wang Jiong to promote cooperation between these companies.
The parties have already been in long-term strategic relationship and intend to strengthen their cooperation in the nuclear and power industries.
A joint working group is to be formed to define the possibilities and ways of trilateral cooperation in different areas of activity.
Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials. The main activities of the company are: geological exploration, uranium production, manufacture of nuclear fuel cycle products, reactor construction, nuclear power plants, production of construction materials, the electric energy sector, science, social security and personnel training. Kazatomprom is an active participant of the renewable energy development program in the Republic of Kazakhstan. Today Kazatomprom has more than 27,000 employees and is amongst the leading uranium producing companies in the world.