Kazakhstan, France to invest $200mln in uranium processing plant
Kazakhstan and France will invest $100 million each in the construction of uranium processing plant, Chairman of the Board of Kazakh Kazatomprom Vladimir Shkolnik said on the sidelines of the Forum of European and Asian Media in Astana on Monday, Kazinform reported.
"France will own 49 percent of stakes and Kazakhstan will possess 51 percent," Shkolnik said.
According to Shkolnik, the planned capacity of the plant is 400 tons of fuel per year. The construction will start next year. The plant is expected to be launched in 2014.
Earlier, Kazatomprom and the French company Areva signed an agreement on construction of the plant in the urban settlement in Eastern Kazakhstan region.
Edited by E. Kosolapova