Kazakhstan and Mongolia Strengthen Nuclear Energy Cooperation
Kazakhstan and Mongolia have signed a memorandum of cooperation in nuclear energy, formalizing their partnership. The agreement was made during President Tokayev’s visit to Mongolia, where he emphasized the countries’ resource potential. The two nations also established a strategic partnership through a Joint Declaration. A recent referendum in Kazakhstan on building a nuclear power plant marks significant progress in their energy collaboration.
On October 29, Kazakhstan and Mongolia strengthened their collaboration in the nuclear energy sector by formalizing a memorandum of cooperation. This agreement was established between Kazakhstan’s Ministry of Energy and Mongolia’s Nuclear Energy Commission’s Executive Office. The signing ceremony occurred following a significant state visit by President Kassym-Jomart Tokayev to Ulaanbaatar, where he underscored the abundant natural resources present in both nations. During his visit, President Tokayev expressed confidence in the potential for joint ventures, stating, “We will work together on the exploration and development of iron, phosphate, bauxite, and rare mineral deposits. Kazakh entrepreneurs are ready to explore the potential of Mongolia’s mining sector.” In addition to the nuclear energy memorandum, the leaders of the two countries signed a Joint Declaration, which solidifies their strategic partnership. This event was marked by a ceremonial exchange of the signed documents, reflecting the commitment both nations have towards enhancing bilateral relations. This signing follows the inaugural meeting of the Business Council held in Ulaanbaatar, where business representatives from both countries finalized substantial commercial agreements and other documents aimed at promoting extensive business cooperation. Furthermore, it is noteworthy that on October 6, Kazakhstan conducted a referendum concerning the construction of a nuclear power plant, with the date for this referendum being announced previously by President Tokayev on September 2, 2024. In 2023, Kazakhstan’s Ministry of Energy identified four leading candidates for the construction of the nuclear power plant: the China National Nuclear Corporation (CNNC), Korea Hydro & Nuclear Power (KHNP), Electricité de France (EDF), and Russia’s Rosatom. The involvement of international organizations, particularly the International Atomic Energy Agency (IAEA), is anticipated to further enhance oversight and adherence to international standards during the project implementation.
The cooperation between Kazakhstan and Mongolia in the nuclear energy sector represents a critical step towards enhancing energy collaboration between two resource-rich nations. Kazakhstan is known for its vast uranium reserves, while Mongolia possesses various mineral resources that can supplement energy production. The strengthening of ties through formal agreements not only aims to optimize resource utilization but also promotes overall economic collaboration in the region. President Tokayev’s state visit to Mongolia highlights the significance of diplomatic efforts in aligning both countries’ strategic goals, particularly in energy and mining sectors. The discussions culminated in a mutual commitment to further investment and collaboration between private sectors from both nations, facilitating growth and stability in the energy landscape as Kazakhstan progresses towards its nuclear infrastructure projects.
In conclusion, the memorandum of cooperation signed between Kazakhstan and Mongolia marks a pivotal moment in their partnership within the nuclear energy sector. The agreement, alongside strategic initiatives aimed at resource exploration and joint investments, signifies a robust commitment to mutual development and energy security. As both nations embark on this collaborative venture, they are poised to reinforce their positions within the global energy landscape, with a focus on sustainable practices and resource efficiency. This partnership may lead to economic benefits and drive innovation in the energy sector of both countries.
Original Source: en.trend.az
