Kazakhstan, Astana, August 14 / Trend , K.Konirova /
The joint venture's foundation documents are expected to be signed during a visit by President Nickolas Sarkozy to Kazakhstan in October, the press service of KazAtomProm reported.
"France's state-owned Areva continues to transfer fuel fabrication technology to KazAtomProm," company's press release says.
KazAtomProm said that its main priority remains "the establishment of a vertically integrated company having all stages of the nuclear fuel cycle and producing the final product of high value added.
The company said it is currently conducting a preliminary technical and economic assessment of the joint Kazakh-Canadian project for the production of uranium hexafluoride (UF6). Canada's Cameco and KazAtomProm announced the formation of the Ulba Conversion LLP joint venture in June 2008, with the aim of developing a 12,000 tonne UF6 conversion facility in Kazakhstan. The new company will be 51% owned by KazAtomProm, with Cameco holding 49%.
KazAtomProm said that, in addition, qualification of fuel pellets for use reactors in Japan, the USA and China is also being carried out, which will allow the company to expand its presence on the world nuclear fuel market.
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