By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
24x7Report24x7Report
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
Search
© 2023 News.24x7report.com - All Rights Reserved.
Reading: Uzbekistan, Russia to Start Construction of Small Nuclear Power Plants
Share
Aa
24x7Report24x7Report
Aa
Search
  • Home
  • World News
  • Finance
  • Sports
  • Beauty
  • Fashion
  • Fitness
  • Gadgets
  • Travel
  • en English
    • en English
    • id Indonesian
    • ms Malay
    • es Spanish
Follow US
© 2023 News.24x7report.com - All Rights Reserved.
24x7Report > Blog > Finance > Uzbekistan, Russia to Start Construction of Small Nuclear Power Plants
Finance

Uzbekistan, Russia to Start Construction of Small Nuclear Power Plants

Last updated: 2024/05/29 at 5:03 PM
Share
7 Min Read
Uzbekistan, Russia to Start Construction of Small Nuclear Power Plants
SHARE

Amid a state go to to Uzbekistan this week, Russian President Vladimir Putin and Uzbek President Shavkat Mirziyoyev shook arms on an settlement that might see development of Central Asia’s first nuclear energy plant – although at a smaller scale than earlier anticipated – begin as quickly as this summer time.

Mirziyoyev heralded Putin’s go to, one in every of his first journeys overseas (after China and Belarus) following his latest inauguration into an unprecedented fifth time period as president, as “historic” and marking “a brand new age within the complete strategic partnership and alliance relations between our international locations,”

Mirziyoyev mentioned an settlement was signed on the implementation of a “low-power nuclear energy plant.” The Uzbek president commented, “Nearly all main international locations on this planet guarantee their power safety and sustainable growth by means of nuclear power.” Mirziyoyev referred to as the challenge “important.”

He went on to notice Uzbekistan’s giant uranium reserves. Whereas Uzbekistan’s reserves are significantly smaller than these of neighboring Kazakhstan, Tashkent remains a major producer.

Throughout Putin’s state go to, Rosatom Director Basic Alexey Likhachev  and UzAtom Director Azim Akhmedkhadzhaev agreed to expand cooperation. A contract was signed between Atomstroyexport, a Rosatom subsidiary that exports nuclear energy tools and companies, and the UzAtom subsidiary answerable for the development of Uzbekistan’s first nuclear energy crops. 

Six reactors, with a capability of 55 MW every – 330 MW complete – are slated to be inbuilt Jizzakh area. 

On the signing, Akhmedkhadzhaev pointed to hovering power necessities in Uzbekistan, with demand anticipated to almost double by 2050. 

See also  Looking Beyond The 'Magnificent 7' — Analysts Just Upgraded These Three Large-Cap Stocks

“Everywhere in the world, we at the moment are seeing a rise in curiosity within the creation of recent nuclear capacities, each when it comes to the development of high-power nuclear energy crops and within the initiatives of small modular reactors,” he mentioned.

The brand new settlement arguably builds off a virtually seven-year nuclear cooperation journey between the 2 international locations.

In late December 2017, the 2 sides signed a nuclear cooperation settlement. The early discussions centered on two VVER-1200 pressurized water reactors, with a 2.5 GW capability. Within the subsequent 12 months, Uzbekistan shortlisted 10 websites for potential nuclear energy crops, a lot of them in Jizzakh area.

Within the summer of 2019, Uzbek officers talked about ambitions to construct 4 nuclear energy items. In October 2019, Likhachev recommended in interviews that contracts for development could be signed by 12 months’s finish – that didn’t occur. For the subsequent few years the challenge appeared to stall, or at the very least discussions in public went dormant.

However in December 2022, amid a go to to Uzbekistan, Russian Prime Minister Mikhail Mishustin resurrected dialog about he challenge, saying it was “needed to hurry up the implementation of the agreements reached” on the nuclear energy plant effort. 

On the time, I famous the challenges going through the challenge, most notably monetary questions and geopolitical issues, and elements influencing Russia’s need to place it again on monitor.

And again on monitor it appears to be, albeit at a extra restricted scale.

Reporting on the newest settlement, as talked about above, cited plans for six small nuclear reactors. In accordance with the Worldwide Atomic Vitality Company (IAEA) small modular reactors (SMRs) are “superior nuclear reactors which have an influence capability of as much as 300 MW(e) per unit, which is about one-third of the producing capability of conventional nuclear energy reactors.” The IAEA famous in a September 2023 explainer: “Each private and non-private establishments are actively taking part in efforts to convey SMR know-how to fruition inside this decade.”

See also  Best money market account rates today, November 9, 2025 (best account provides 4.26% APY)

Rosatom’s Likhachev this week boasted that the settlement with Uzbekistan was the “first-ever export contract for the development of a small nuclear energy plant.”

“This isn’t only a preliminary settlement; we’re beginning development this summer time,” he said. 

Likhachev additionally mentioned in an interview that plans for giant nuclear energy crops in Uzbekistan are still on the agenda, although specifics haven’t been provided. 

Russia and Uzbekistan arrange a joint fund of $500 million to finance initiatives in Uzbekistan, with $400 million coming from the Russian facet. Putin explained the funding resolution thusly: “This isn’t as a result of we have now more cash, however as a result of we have now nice pursuits on this a part of Asia and we see that they are often realized making an allowance for the steadiness of the political system and the circumstances for investing within the financial system of Uzbekistan.”

Uzbekistan has already begun to really feel the stress of its personal rising power calls for, with notable fuel shortages and electrical energy outages in recent times. The stress is most acute on the nation’s fuel business, with present profitable contracts to export to international locations like China and Afghanistan clashing with home calls for. Within the quick time period, this has motivated Uzbekistan to have interaction in an unofficial “trilateral fuel union” whereby Russian fuel is imported into Uzbekistan through Kazakhstan. 

Including nuclear energy – even when just a bit bit – as quickly as potential might assist alleviate the stress, too.

You Might Also Like

Russian court rules in favour of Rusal in $1.32 billion lawsuit against Rio Tinto

Equinox Gold agrees to sell Brazil portfolio to CMOC for $1.01bn

Best money market account rates today, December 14, 2025 (best account provides 4.26% APY)

Best high-yield savings interest rates today, December 14, 2025 (Earn up to 4.3% APY)

Jim Explains Why “Apple Simply is Not a Beneficiary of Lower Rates”

TAGGED: Construction, Nuclear, plants, Power, Russia, Small, start, Uzbekistan

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Previous Article A Trojan Horse? The New Kazakh Gambling Legislation Needs a Closer Look A Trojan Horse? The New Kazakh Gambling Legislation Needs a Closer Look
Next Article Cancun To Receive Thousands Of Tons Of Sargassum In The Next Weeks, Warn Authorities Cancun To Receive Thousands Of Tons Of Sargassum In The Next Weeks, Warn Authorities

Stay Connected

1.30M Followers Like
311 Followers Pin
766 Followers Follow

Latest News

Would the Padres trade Fernando Tatis Jr.? Five offseason fixes for payroll crunch
Sports December 15, 2025
The Best Winter Accessories to Keep Warm and Look Stylish
Fashion December 15, 2025
Nubia Fold Foldable Could Rival Samsung Galaxy Z Fold 8 FE
Gadgets December 15, 2025
A View Of Puerto Escondido In Oaxaca State, Mexico
Americans Can Fly Nonstop To This Peaceful Beach Town Voted Best In Mexico
Travel December 15, 2025
Near-record temperatures forecast for city
Near-record temperatures forecast for city
World News December 15, 2025
//

This is your World, Finance, Fitness, Fashion  Sports  website. We provide the latest breaking news straight from the News industry.

Quick Link

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Sitemap

Top Categories

  • Fashion
  • Finance
  • Fitness
  • Gadgets
  • Travel

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!


24x7Report24x7Report
Follow US

Copyright © 2025 Adways VC India Private Limited

Welcome Back!

Sign in to your account

Lost your password?