Kazakhstan and Russia have signed an agreement setting out the principal terms of cooperation and financing for the construction of Kazakhstan’s first nuclear power plant.
According to the foreign media reports, the project, estimated at nearly $16.5 billion, is regarded as one of the largest energy ventures between the two countries.
Almasadam Satkaliyev, head of Kazakhstan’s Atomic Energy Agency, said around $2 billion of the total amount would be allocated for physical protection systems and social infrastructure.
He said the project would be financed through a Russian state export loan.