In 2024, a Rosatom official, referring to a program to develop floating nuclear power plants, indicated that Rosatom had limited financing options due to international sanctions on Russia, and required state-subsidized low-interest loans in order for the company to maintain its industry lead in several areas. The Kazakh government’s decision to move on from Inter RAO on the thermal plant projects instantly sparks questions about the fate of Rosatom’s deal to build Kazakhstan’s first nuclear power station. When Kazakhstan’s Atomic Energy Agency announced in June that Rosatom would lead the consortium to build the plant on the shores of Lake Balkhash, it indicated that the deal was contingent on the Russian entity’s ability to arrange financing.
Author: OilPrice.com
Published at: 2025-08-02 19:00:00
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