finance
Rosatom Seeks Additional Year to Begin Kazakhstan Nuclear Plant Construction
Rosatom cited financing difficulties and the need for further site observation before starting work on Kazakhstan's first nuclear power plant. Kazakh authorities had previously selected the Lake Balkhash location after extensive study.
May 25, 1:00 PM·1m read1 source
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Rosatom, Russia's nuclear energy entity, requested at least one additional year of site observation before beginning construction of Kazakhstan's first nuclear power plant on the shores of Lake Balkhash. The request came during a recent meeting in Moscow between Rosatom chief Alexei Likhachev and Almassadam Satkaliyev, head of Kazakhstan's Atomic Energy Agency.
The company stated it needs the extra time to complete all necessary reports.
Financing difficulties were cited as a factor in the delay. The Lake Balkhash site was selected after extensive study by Kazakh authorities.
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