Kazatomprom to supply uranium concentrates to Switzerland
Kazakhstan's Kazatomprom and Switzerland-based Axpo Power AG, alongside Kernkraftwerk Leibstadt AG (KKL AG), have signed the first-ever contract on Kazakh uranium concentrates supply, the press service of the Kazakh company reported.
As per the contract, Kazatomprom is set to supply uranium concentrates for the energy needs of Switzerland’s Beznau and Leibstadt nuclear power plants, the company said Feb 17.
The signing ceremony took place at Axpo Power AG’s headquarter during the visit of Kazatomprom delegation to Switzerland.
“We are proud that the first-ever commercial contract between Kazatomprom and Axpo paves the way for important cooperation between our companies. The expansion of our sales geography highlights the recognition of Kazatomprom as a reliable supplier of uranium on the global market. This contract represents an important step in our ongoing strategy to diversify our sales channels. It is also a key element in advancing energy security and decarbonisation efforts, strengthening our partnership and ensuring the long-term supply of natural uranium for Switzerland's nuclear energy sector," said Vladislav Baiguzhin, Chief Commercial Officer of Kazatomprom.
In turn, Dr. Bruno Zimmermann, Head of Nuclear Fuel of Axpo Power AG, said: "The signing of a contract with Kazatomprom, the world’s largest uranium producer, is of strategic importance for Axpo and KKL AG, as we continue to diversify and secure our fuel supplies. Nuclear energy is a key element of our country’s low-carbon energy strategy, making reliable fuel supplies critically important. Including Kazatomprom among our suppliers strengthens our ability to ensure stable energy supply for Switzerland and contributes to global decarbonisation efforts."
Signing a contract with Switzerland's largest energy company opens a new chapter in Kazatomprom's cooperation with nuclear power plant operators in Europe and strengthens its position in the global uranium market.
