Kazatomprom to supply natural uranium concentrates to UAE
Kazakhstan’s National Atomic Company Kazatomprom JSC and Emirates Nuclear Energy Corporation (ENEC) have entered into the first ever contract for the supply of Kazakh natural uranium concentrates for the energy needs of the United Arab Emirates Barakah nuclear energy plant (NEP), Kazinform News Agency reports.
The ceremony took place within the framework of the official visit of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev to the UAE, during which the delegation of Kazatomprom took part in the United Nations Conference on Climate Change COP28, a press release from Kazatomprom reads.
We are proud that the first ever commercial contract between Kazatomprom and ENEC will mark the beginning of valuable and promising cooperation between our companies. We are excited to add the UAE to our sales geography and appreciate the recognition of Kazatomprom with its exceptional supply track record and sustainable market reputation as a part of the UAE’s energy security and net-zero agenda. We hope our partnership will only strengthen in the future resulting in new contracts for the reliable supplies of natural uranium for the Barakah NEP, said Meirzhan Yussupov, Kazatomprom’s Chief Executive Officer.
Signing this contract with Kazatomprom, the largest uranium producer globally, is strategically important for ENEC in further diversifying and securing fuel supplies. With a significant positive shift in many nations to include civil nuclear energy as part of their energy mix, security of fuel supply is paramount. Adding Kazatomprom boosts our roster of fuel partners further, ensuring a sustainable fuel supply for the generation of clean electricity to decarbonize energy intensive and heavy industry in the UAE, said His Excellency Mohamed Al Hammadi, ENEC’s Managing Director and Chief Executive Officer.
The conclusion of the contract with a large energy company of the UAE will serve as a new impetus for cooperation between nuclear companies of both countries and will also open a new country in the geography of Kazatomprom sales.
