One of the world’s leading uranium producers has successfully transported over 30 tons of low-enriched uranium to a nuclear power plant located in southern China.
On Monday, the National Atomic Company Kazatomprom Joint Stock Company (Kazatomprom) (LSE: CAP) (OTCMRKTS: NATKY), the primary uranium producer for Kazakhstan, announced the successful delivery of this substantial uranium shipment to the Yangjiang Nuclear Power Plant.
The ceremony marking the receipt of fuel for the Yangjiang NPP drew the participation of representatives from the investment holding firm Samruk-Kazyna JSC, along with high-ranking officials from the Chinese China General Nuclear Power Group (CGN) and CGNPC Uranium Resources Company Limited (CGNPC-URC).
The heat-dissipating units (HPPs) were manufactured at the Kazakhstan-China joint factory of Ulbi-HPP LLP, Kazakhstan’s only manufacturer of nuclear fuel for nuclear power plants.
“CGN Group has been our reliable strategic partner for many years. We have implemented a number of successful projects on uranium mining, fuel pellet production and heat release assemblies,” Kazatomprom Chairman Meirzhan Yusupov said in a statement.
“I am confident that all areas of our cooperation will be successfully implemented thanks to joint thorough work.”
NAC Kazatomprom JSC is the national operator of the Republic of Kazakhstan for the import and export of uranium, rare metals and nuclear fuel.
The Yangjiang Nuclear Power Plant, located in Guangdong province in southern China, has six power units with 1,000 MW of CPR-1000 and ACPR-1000 (PWR) reactors. The plant began commercial operation in March 2014 and as of 2019 is the largest nuclear power station in China.
Қазақстан қытайлық АЭС үшін ядролық отынның партиясын экспорттадыhttps://t.co/LrfBVSxCKf
— Kazatomprom (@NAC_Kazatomprom) October 16, 2023
“This project is proof that our countries can implement high-tech production. I would like to emphasize the individual contributions of the CGN group, as well as the management of Kazatomprom, UMZ and Ulbi-ZBK, thanks to which our teams were able to fulfill production plans and tasks,” Chairman at JSC Samruk-Kazyna Nurlan Zhakypov said during the ceremony.
Kazakhstan is the world’s largest uranium producer and contributes 43 per cent of the world’s uranium supply in 2022.