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    Kazakhstan

    Kazakhstan contemplates $10-12bn nuclear power plant amid energy strategy overhaul

    Kazakhstan contemplates $10-12bn nuclear power plant amid energy strategy overhaul

    Kazakhstan, Central Asia's largest nation, is considering a monumental shift in its energy strategy by embracing nuclear power as an alternative energy source at the legislative level. The construction of the first nuclear power plant is estimated to cost between $10bn-12bn.

    Photo: Draft law proposes nuclear power as alternative energy source in Kazakhstan
    Source: Google Images

     

    The Kazakh Energy Ministry has unveiled a proposal within the draft law on alternative energy sources. Open for public discussion until June 27, 2024, this initiative aims to overhaul the national framework for renewable energy, signaling a stride towards sustainability.

    Highlighting the need for legislative updates, the Ministry stressed three key challenges hindering the development of alternative energy sources in Kazakhstan. These include a low share of renewables in the country's energy mix, unfavorable conditions for non-renewable alternative energy sources, and a lack of regulatory clarity at the state level.

    The absence of nuclear energy from the definition of alternative energy sources and the corresponding lack of preferences have been identified as significant gaps in the current legislation. If nuclear energy is officially recognized, it will pave the way for the construction of a nuclear power plant by 2035, subject to approval through a referendum.

    Photo: Kazakh Energy Ministry identifies challenges hindering renewable energy development
    Source: Google Images

     

    If the referendum does not pass, Kazakhstan plans to pivot towards developing hydrogen hubs by 2029-2030, which would not necessitate state funding.

    The government's deliberations on nuclear power have been ongoing for years. In 2021, President Kassym-Jomart Tokayev emphasized the urgency of resolving the nuclear power issue despite its controversial nature. Citing concerns over a potential energy shortfall by 2030, President Tokayev directed government agencies and the Samruk-Kazyna National Wealth Fund to explore the feasibility of establishing a nuclear power industry.

    Reports suggest that the proposed location for the country's first nuclear power plant could be near Lake Balkhash in the Almaty region. Kazakhstan's status as the world's largest producer of uranium, boasting about 12% of global recoverable uranium resources, underscores its potential to leverage nuclear energy.

    Although Kazakhstan has abstained from utilizing uranium for electricity generation in recent decades, nuclear security remains a paramount concern. The nation previously operated a facility for electricity production and water desalination from 1973 until its closure in 1999, aligning with the government's commitment to global non-proliferation efforts.

     

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    09.06.2024, 11:59   Comments (0)   2323
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