Kazakhstan and Mongolia have signed a memorandum of cooperation in the nuclear energy sector, following President Tokayev’s visit to Ulaanbaatar. This agreement, along with a Joint Declaration on strategic partnership, aims to enhance collaboration in exploring both nations’ natural resources. Additionally, Kazakhstan has held a referendum on constructing a nuclear power plant, with notable international stakeholders expected to participate in the project.
On October 29, Kazakhstan and Mongolia formally strengthened their collaboration in the nuclear energy sector by signing a memorandum of cooperation. This agreement was established between Kazakhstan’s Ministry of Energy and the Executive Office of the Nuclear Energy Commission of Mongolia, subsequent to President Kassym-Jomart Tokayev’s recent diplomatic visit to Ulaanbaatar. During his visit, President Tokayev underscored the considerable natural resources available to both nations, 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 aforementioned nuclear energy memorandum, a Joint Declaration was executed to formalize a broader strategic partnership between Kazakhstan and Mongolia, which was commemorated through a ceremonial exchange of the signed documents. This signing follows the inaugural meeting of the Business Council held in Ulaanbaatar, where business leaders from both countries entered into significant commercial agreements and various documents aimed at enhancing mutual business cooperation. Furthermore, it is noteworthy that on October 6, Kazakhstan conducted a referendum concerning the construction of a nuclear power plant, a matter that was announced for referendum by President Tokayev on September 2, 2024. In 2023, Kazakhstan’s Ministry of Energy delineated four principal candidates for the construction of a nuclear power plant: China’s CNNC, South Korea’s KHNP, France’s EDF, and Russia’s Rosatom. The project is expected to involve international oversight from organizations such as the International Atomic Energy Agency (IAEA) to ensure compliance with global nuclear energy standards.
The signing of the memorandum of cooperation in the nuclear energy domain signifies a pivotal development in Central Asian energy politics, particularly as both Kazakhstan and Mongolia seek to harness their vast natural resource potential. Kazakhstan, rich in uranium reserves, is positioning itself as a key player in the nuclear industry. The partnership between these two countries reflects a broader regional strategy to enhance energy security and promote sustainable development through collaboration. The Business Council meeting further illustrates the countries’ commitment to fostering economic ties and exploring opportunities in the mining sector, which is central to both economies.
In conclusion, the newly signed memorandum of cooperation between Kazakhstan and Mongolia highlights a significant step toward enhanced partnerships in the nuclear energy sector. Both nations are eager to leverage their natural resources, with a mutual goal of fostering economic growth and ensuring sustainable energy solutions. The strategic framework established through this agreement, along with the broader Business Council initiatives, positions both countries favorably within the global energy landscape. The forthcoming referendum and engagement with international organizations will also be pivotal in the execution and oversight of these initiatives.
Original Source: en.trend.az
