Kazakhstan, Astana, October 1 / Trend D.Mukhtarov /
On September 27, 2013 the deal was completed on the acquisition by the Russian-Kazakh company Uranium Enrichment Center (UEC) JSC of 25 percent plus one share in the authorized capital of Ural Electrochemical Plant JSC (UEC project ), a statement of Kazakh company Kazatomprom said on Tuesday.
"By late 2013 Uranium Enrichment Center JSC has to make the first commercial delivery in the amount of 300,000 SWU (separative work unit). As part of the activities, the joint venture will have access to uranium enrichment services in the amount of five million SWU per year," the report said.
UEC project is implemented within the framework of the agreements of Presidents of Kazakhstan and Russia, enshrined in the Comprehensive Program of the Russian-Kazakh cooperation on peaceful use of nuclear energy.
In July 5, 2010 NAC Kazatomprom JSC and Rosatom State Corporation signed a joint statement on the implementation of the project in the format of Uranium Enrichment Center 's participation in the authorized capital of the Russian company Ural Electrochemical Integrated Plant JSC.
UEC project is the first project in the nuclear fuel cycle of Russia related to the implementation by the foreign partner of investments in the form of the acquisition of shares in the authorized capital of the Russian company, which has strategic importance.
Uranium Enrichment Center JSC established on a parity basis is a Russian-Kazakh joint venture. 50 percent of the shares belong to TVEL JSC (Fuel Company of Rosatom ), and 50 per cent of the shares to NAC Kazatomprom JSC.