Kazakhstan and Mongolia Formalize Cooperation in Nuclear Energy Sector

On October 29, Kazakhstan and Mongolia signed a memorandum of cooperation in nuclear energy, solidifying their partnership following President Tokayev’s visit to Ulaanbaatar. The agreement aims to explore natural resources and includes plans for constructing a nuclear power plant in Kazakhstan, with involvement from international organizations and major energy firms.

On October 29, Kazakhstan and Mongolia strengthened their collaboration in the nuclear energy sector by signing a memorandum of cooperation. This agreement was reached between Kazakhstan’s Ministry of Energy and the Executive Office of the Nuclear Energy Commission of Mongolia, subsequent to President Kassym-Jomart Tokayev’s visit to Ulaanbaatar. During his visit, President Tokayev highlighted the abundant natural resources shared by both nations, proclaiming, “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 this nuclear energy memorandum, the leaders also formalized a Joint Declaration that establishes a strategic partnership between Kazakhstan and Mongolia, which was ceremonially celebrated through an exchange of signed documents. This occasion followed the inaugural Business Council meeting in Ulaanbaatar, where business leaders from both countries executed significant commercial agreements aimed at enhancing economic collaboration. Moreover, it is worth noting that Kazakhstan recently conducted a referendum on October 6 regarding the construction of a nuclear power plant, a decision initially announced by President Tokayev on September 2, 2024. The Ministry of Energy of Kazakhstan has identified four primary contenders for the project: China’s CNNC, South Korea’s KHNP, France’s EDF, and Russia’s Rosatom. Additionally, the involvement of international organizations, such as the International Atomic Energy Agency (IAEA), is anticipated to provide supplemental oversight and compliance throughout the project’s execution.

Kazakhstan and Mongolia, both rich in natural resources, have been exploring avenues for enhanced economic cooperation, particularly in the nuclear energy sector. Recognizing the potential benefits of collaboration, both nations have initiated formal agreements to leverage their resources effectively. The signing of the memorandum of cooperation signifies not only a commitment to advancing nuclear energy projects but also a broader strategic partnership. This partnership comes at a time when Kazakhstan is considering the construction of a nuclear power plant, aiming to ensure energy diversity and stability in the region.

In conclusion, the recent signing of a memorandum of cooperation between Kazakhstan and Mongolia marks a significant step towards strengthened bilateral relations in the nuclear energy sector. This agreement, alongside the establishment of a strategic partnership, highlights both countries’ commitment to exploring their vast natural resources collaboratively. The anticipated construction of a nuclear power plant in Kazakhstan, involving key international players, further underscores the region’s focus on fostering sustainable energy solutions and economic development.

Original Source: en.trend.az