David Dalton

The plan also formally incorporates nuclear power into Vietnam’s energy structure, with the first plants planned to come online between 2030 and 2035. Installed nuclear capacity is projected to reach from 4 GW to 6.4 GW, equivalent of around 4-6 large-scale nuclear power plants. The government said another 8 GW of nuclear capacity would be added to the mix by mid-century.

ČEZ said the contract increases the diversification of suppliers and helps the Czech Republic’s energy security. Kazatomprom said the deal marks a strategic expansion in Europe, reinforcing its position in the global uranium market. Kazakhstan is the world’s leading producer of uranium, supplying a significant portion of global demand. In 2022, Kazakhstan produced 43% of the world’s uranium. The country’s uranium supply is seen as crucial for the global nuclear power industry.

Astana will set up a commission to examine the offers with a decision expected by the end of November. “The final decision on the choice of a supplier or consortium for the implementation of the project will be made at a meeting of the interdepartmental commission, taking into account the national interests of the country,” reports quoted a Kazakh Atomic Energy Agency as saying.