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Agreement on Fuel Project Realization Principles Was Signed

Ust-Kamenogorsk       
05.12.2016

Agreement on fuel project realization principles was signed between NAC Kazatomprom JSC, Ulba Metallurgical Plant JSC, CGNPC Uranium Resources Co.Ltd. and Ulba-FA LLP.

The purpose of this Agreement is support and execution of Commercial Agreement for design and construction of fuel assembly production facility (FA) in Kazakhstan and co-development of Uranium deposits signed between NAC Kazatomprom JSC, UMP JSC and Chinese companies CGNPC Co.Ltd., CGNPC-URC Co.Ltd., CGN Mining Co.Ltd.
Agreement on fuel project realization principles stipulates authorization of rights and obligations of the parties concerned on such matters as purchase and delivery of FA, production and sale of fuel pellets, purchasing of conversion and enrichment services and others.   
This Agreement became an important successive stage in the process of implementation the project for construction of FA production facility.

Construction of fuel assembly production facility is one of the projects implemented at the premises of Ulba Metallurgical Plant within NAC Kazatomprom JSC strategy targeted at establishment of vertically integrated company with total circle of fuel production for NPP.    
Areva technology was chosen for production of fuel assemblies as a basic technology, the company which is a worldwide leader in FA production. 

As a result of project implementation at UMP JSC there will be modern, completely automated operation established with nuclear fuel capacity 200 tpa as well as provision of additional employment opportunities to 129 people.  FA production startup is scheduled on 2020. Amount to be invested will be more than KZT 48 bln.   

Agreement on Fuel Project Realization Principles Was Signed

UMP JSC Press Service