Kazakhstan and Russia have signed an agreement setting out the principal terms of cooperation and financing for the construction of Kazakhstan’s first nuclear power plant.
According to the foreign media reports, the project, estimated at nearly $16.5 billion, is regarded as one of the largest energy ventures between the two countries.
Almasadam Satkaliyev, head of Kazakhstan’s Atomic Energy Agency, said around $2 billion of the total amount would be allocated for physical protection systems and social infrastructure.
He said the project would be financed through a Russian state export loan.
Kazakh President Kassym-Jomart Tokayev described the agreement as strategically important for the country, saying it would strengthen scientific, educational and technological cooperation, while supporting the development of related industries and the wider energy sector.
Russian President Vladimir Putin said the construction of the nuclear power plant, with the participation of Rosatom, represented a key joint energy project between Moscow and Astana.
He said the facility would support Kazakhstan’s long-term energy security and provide affordable low-carbon electricity for businesses and households.
Putin also said the initiative covered not only the construction of a nuclear power plant, but also the development of a broader nuclear industry framework, including education, workforce training and technological capacity.
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