Russia has signed a strategic agreement to construct Kazakhstan's first nuclear power plant, a $15 billion project at Ulken near Lake Balkhash. The deal, involving 85% Russian export credit, marks a deepening of energy ties and Kazakhstan's move to diversify its energy mix, leveraging its status as the world's largest uranium producer.
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- ›Agreement Date: May 28, 2026
- ›Project Cost: $15 billion
- ›Target this Data: $15 billion project cost and 85% Russian credit share.
- ›Target this Nodal Body: Kazakhstan's nuclear energy agency (mentioned as overseeing the project).
- ›Target this Legal Point: The 2024 national referendum that approved the NPP construction.
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