Kazakhstan and Mongolia have signed a memorandum of cooperation in the nuclear energy sector, solidifying their partnership following President Tokayev’s visit to Ulaanbaatar. The agreement aims to explore natural resources and develop a strategic partnership. Additionally, a recent referendum regarding a nuclear power plant underscores Kazakhstan’s commitment to energy diversification, with various international contenders being evaluated for construction.
Kazakhstan and Mongolia have solidified their collaboration in the nuclear energy sector by signing a memorandum of cooperation. This agreement was executed between Kazakhstan’s Ministry of Energy and the Executive Office of the Nuclear Energy Commission of Mongolia, following a recent state visit by President Kassym-Jomart Tokayev to Ulaanbaatar. During his visit, President Tokayev highlighted the rich natural resources available to both nations, stating the intention to collaborate on the exploration and development of various mineral deposits, including iron, phosphate, bauxite, and rare minerals. He indicated that Kazakh entrepreneurs are prepared to examine opportunities within Mongolia’s mining sector. In addition to the nuclear energy memorandum, President Tokayev and his Mongolian counterpart endorsed a Joint Declaration, which lays the groundwork for a strategic partnership between the two countries. This was ceremoniously marked by the exchange of the signed documents. The memorandum’s signing occurred shortly after the inaugural meeting of the Business Council in Ulaanbaatar, where business leaders from both nations executed significant commercial agreements, further promoting bilateral economic cooperation. Furthermore, it is noteworthy that Kazakhstan recently conducted a referendum on October 6 regarding the establishment of a nuclear power plant, with the date for this referendum being disclosed by President Tokayev on September 2, 2024. This initiative aligns with Kazakhstan’s objective to bolster its energy sector. In anticipation of constructing the plant, Kazakhstan’s Ministry of Energy has identified four primary contenders: China National Nuclear Corporation (CNNC), Korea Hydro & Nuclear Power (KHNP), Electricité de France (EDF), and Russia’s Rosatom. The engagement of international organizations, such as the International Atomic Energy Agency (IAEA), is also anticipated to ensure significant oversight and adherence to international standards in nuclear energy endeavors.
The recent memorandum of cooperation between Kazakhstan and Mongolia marks a significant development in the nuclear energy sector, showcasing the growing collaboration between the two countries. Kazakhstan is rich in uranium and has been a prominent player in the global nuclear market, while Mongolia possesses various mineral resources that can complement Kazakhstan’s energy initiatives. The collaboration also aligns with Kazakhstan’s strategic goals in diversifying its energy sources and enhancing regional partnerships. The upcoming construction of a nuclear power plant is of particular interest, as Kazakhstan seeks to address its energy needs and ensure sustainable energy development while adhering to international safety and regulatory standards, especially with the involvement of the IAEA.
In conclusion, the signing of the cooperation memorandum in nuclear energy between Kazakhstan and Mongolia symbolizes a commitment to strengthening bilateral relations in energy sector development. This partnership not only aims to exploit the natural resources of both nations but also seeks to enhance economic collaboration through significant commercial agreements. The engagement of various stakeholders and international organizations underscores the importance of this initiative in promoting safe and sustainable nuclear energy practices.
Original Source: en.trend.az
