Putin to sign nuclear plant deal in Kazakhstan

Russian president Vladimir Putin will oversee signing of a deal that sets main parameters and financing for a nuclear power plant in Kazakhstan, the Kremlin said. The project would be financed largely through a Russian state export loan, with Russia expected to provide about 85% of funding, and the plant is expected to be commissioned in 2035-2036. The visit will also cover increased transhipment of Russian oil to China via Kazakhstan, including a previously agreed but not yet realised pipeline rise to 12.5 million tonnes. Kazakhstan voted in 2024 to build new nuclear plants and plans 2.4 gigawatts by 2035.

Russia to provide 85% financing for Kazakhstan nuclear plant