Azernews.Az

By Aynur Jafarova

The Kazakh National Atomic Company Kazatomprom implemented large-scale projects worth over $896 million between 2010 and 2013.

The news was announced by Head of Kazatomprom Vladimir Shkolnik at a meeting on the implementation of investment projects of the Samruk-Kazyna group last week.

"The acquisition of 25 percent plus one share in Ural Electrochemical Plant OJSC by the Kazakh-Russian joint venture Uranium Enrichment Center JSC has been the national company's largest investment project," he said.

Shkolnik also noted the deal, completed in 2013 brought revenues from the enriched uranium deliveries to the consumers and the commercial revenue from the deal is comparable with the incomes of Kazakh-Russian joint uranium mining ventures.

Shkolnik went on to say that the Kazatomprom project was launched in 2010. The project envisages the production of photoelectric modules on the basis of Kazakhstan's silicon.

It includes the production and processing of high pure veiny quartz on Sarykul field, production of silicon metal and its purification in the village of Ushtobe in the Almaty region.

"The photoelectric wafers and cells are produced in Ust-Kamenogorsk (East Kazakhstan region)," Shkolnik added.

The final step is to assemble the photoelectric modules at Astana Solar plant in Astana.

The production of the plant was successfully certified for the global markets in 2014.

"The first solar power plant with a capacity of 0.5 MW was put into operation in the Kyzylorda region of Kazakhstan in 2013," he said. "Seven solar power plants will be built in 2014 by using Kazakh solar panels."

The head of the company also said Kazatomprom acquired 40 percent of Caustic Joint Stock Company in 2013. The project is included in the list of investment strategic projects in Kazakhstan.

It is planned to expand the production of chlorine and caustic soda at the enterprise with the support of the Kazatomprom.

Kazakhstan's uranium mining and metallurgical enterprises are the potential purchasers of these products.

It is also planned to export these products to the neighboring countries in the future.

Kazatomprom is Kazakhstan's national operator for the export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special equipment, technologies and dual-use materials. Its principal activities are geological exploration, uranium production, the initiation of the nuclear fuel cycle, the production of construction materials, energy, science, social welfare and training. Kazatomprom is an active participant in the development of renewable energy in Kazakhstan. Kazatomprom is amongst the leading uranium mining companies in the world.