Kazakhstan, Mongolia Sign Cooperation Memorandum In Nuclear Energy Sector
Date
10/29/2024 5:12:40 AM
(MENAFN- Trend News Agency)
ASTANA, Kazakhstan, October 29. Kazakhstan and
Mongolia have formalized their partnership in the field of nuclear
energy with the signing of a memorandum of cooperation, Trend reports.
The agreement was finalized between Kazakhstan's Ministry of
Energy and the Executive Office of the Nuclear energy Commission of
Mongolia, following President Kassym-Jomart Tokayev's recent visit
to Ulaanbaatar.
During the visit, President Tokayev emphasized the significant
natural resources possessed by both countries, stating, "We will
work together on the exploration and development of iron,
phosphate, bauxite, and rare mineral deposits. Kazakh entrepreneurs
are ready to explore the potential of Mongolia's mining
sector."
In addition to the nuclear energy agreement, the two leaders
signed a Joint Declaration establishing a strategic partnership
between Kazakhstan and Mongolia. This was marked by a ceremonial
exchange of the signed documents.
The signing comes on the heels of the first meeting of the
Business Council held in Ulaanbaatar, where entrepreneurs from both
nations signed major commercial agreements and several other
documents aimed at fostering business collaboration.
Moreover, it was recently announced that on October 6,
Kazakhstan held a referendum regarding the construction of a
nuclear power plant, with the date for the referendum being
announced by President Tokayev on September 2, 2024.
In 2023, Kazakhstan's Ministry of Energy identified four main
contenders for nuclear power plant construction: China's CNNC,
South Korea's KHNP, France's EDF, and Russia's Rosatom.
International organizations, including the International Atomic
Energy Agency (IAEA), are also expected to be involved in the
project to ensure additional oversight and compliance.
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