Kazakhstan To Open International Nuclear Fuel Bank Next Year

May 30, 2012

Kazakhstan To Open International Nuclear Fuel Bank Next YearThe chairman of Kazakhstan’s Atomic Energy Agency has told journalists that Kazakhstan will have an international nuclear fuel bank in 2013, putting it on the front line of the international nonproliferation effort.

Timur Zhantikin said the Kazakh project was approved by the Vienna-based International Atomic Energy Agency (IAEA) last year.

International nuclear fuel banks are storage facilities whose aim is to improve control over nuclear fuel and prevent it from falling into the hands of countries or groups seeking to develop or obtain nuclear weapons.

The Kazakh-based international nuclear fuel bank containing up to 60 tons of gasified low-enriched uranium will be located on the territory of the Ulba Metallurgic plant in Oskemen, the capital of East Kazakhstan region.

The plant has been producing dry fuel for nuclear power stations for 50 years.

Based on reporting by KazTAG and KazInform