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Kazakhstan is opening the world’s first Bank of low enriched uranium

Kazakhstan is opening the world’s first Bank of low enriched uranium

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Photo: nwatom.ru

Date : Aug 17, 2017 01:45 PM

90 tons of raw materials for the IAEA members will be stored at the Ulba Metallurgical Plant

The new bank of low enriched uranium will function on the basis of the Ulba Metallurgical Plant (UMP) in the East Kazakhstan region. It will start working on August, 29 2017, — informs Today.kz.

The formal agreement between the Republic of Kazakhstan and the International Atomic Energy Agency was signed in 2015. The low enriched uranium bank creation is the first case in the world atomic history. It will provide IAEA members with nuclear fuel, if there is a need to support the uninterrupted operation at NPP.

This bank, in fact, is a storage of uranium hexafluoride using for the fuel pellet production. 90 tons of raw materials will be stored in hermetically sealed containers. IAEA will announce material procurement tenders.

The construction project worth $150 million is financed by funders. The Nuclear Threat Initiative Foundation (Washington, D. C) gave $50 million for this purpose, the USA donated $49.54 million and 25 million euros came from the European Union. The UAE, Kuwait and Norway also have invested this project.

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Ulba Metallurgical Plant was founded in 1949 and now it is a part of the national atomic company «Kazatomprom». UMP produces nuclear fuel for the industry, as well as beryllium, tantalum and niobium products. As of 2016, the production capacity of the company was 3,679 tons.

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