Kazatomprom plans to start supplying uranium to Slovakian NPP

ASTANA. July 14 (Interfax) - Kazakhstan's JSC National Atomic Company Kazatomprom and Slovakia's largest electricity producer Slovenske elektrarne a.s. (SEAS) have signed a memorandum of understanding on both parties' mutual interest in developing long-term cooperation in the nuclear energy sector, Kazatomprom's press service reported.

"The memorandum outlines the parties' intent to arrange the supply of natural uranium concentrate, as well as potentially uranium dioxide, to nuclear power plants in Slovakia, and to identify other possible areas for future cooperation," Kazatomprom said.

Kazatomprom said that this was the first official document to have been signed between Kazatomprom and SEAS, marking the beginning of a new phase of collaboration.

Kazatomprom CEO Meirzhan Yusupov said that nuclear energy played a key role in ensuring sustainable energy supply in Slovakia. "We believe this memorandum will lay the foundation for strong and mutually beneficial relations between our companies," he said.

SEAS CEO and board chairman Branislav Strycek said that diversifying nuclear energy sources was a strategically important move for the company and expressed confidence in the prospects of the long-term cooperation with Kazatomprom, the world's largest producer of natural uranium.

SEAS makes up over 70% of Slovakia's total electricity supply and operates the Bohunice and Mochovce nuclear power plants, with a total of five VVER-440 reactors. The company's majority shareholder is Slovak Power Holding, with a 66% stake, while the Slovak government owns the remaining 34%.

Kazatomprom is Kazakhstan's national exporter of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants and specialized equipment. It is managed by the country's Samruk-Kazyna wealth fund.

In April 2025, Kazatomprom signed a seven-year contract to supply uranium concentrate to the Czech Republic.