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ASTANA - Kazakhstan’s Kazatomprom (LON:KAPq) (AIX:KAP) has signed a Memorandum of Understanding with Slovenské elektrárne a.s. (SEAS), Slovakia’s largest electricity producer, to develop long-term cooperation in the nuclear energy sector, according to a press release issued Monday.
The agreement outlines plans to establish supplies of natural uranium concentrate and potential deliveries of uranium dioxide for Slovak nuclear power plants, marking the first official document between the two companies.
SEAS generates over 70% of Slovakia’s total electricity supply and operates two nuclear power plants with five VVER-440 reactors. The company is 66% owned by Slovak Power Holding, with the Slovak government holding the remaining 34% stake.
"By signing this memorandum we are taking an important step towards strengthening cooperation with our European partners," said Meirzhan Yussupov, CEO of Kazatomprom.
Branislav Strycek, CEO and Chairman of the Board of Directors of SEAS, emphasized the strategic importance of diversifying nuclear fuel supply sources in his comments on the agreement.
Kazatomprom, the world’s largest producer of natural uranium, stated that the MoU represents another step in its engagement with European utilities as it works to expand international partnerships and strengthen its presence in the European market.
The companies will also explore additional areas of future cooperation in the nuclear energy sector, according to the statement.
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