Kazakhstan Chamber of Commerce in the USA

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Kazakhstan may take back some nuclear assets from JVs

Posted on March 29, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan may take back some assets from the joint ventures it has set up in the nuclear sector, according to Kazakh President Nursultan Nazarbayev. Nazarbayev explained that some joint venture partners of the state nuclear firm Kazatomprom “are not meeting their obligations”.

“In this regard it is necessary to either ensure that they meet their obligations or look into reclaiming those assets in the interests of our state,” Nazarbayev is quoted as saying.

Kazatomprom has joint ventures with France’s Areva, Canada’s Cameco, Japan’s Sumitomo Corp and Kansai Electric Power, several Russian firms including Rosatom, and a few Chinese companies.

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