CGN signs nuclear deal with Kazakhstan's Kazatomprom

GUANGZHOU - China General Nuclear Power Corp (CGN) announced that it signed an agreement Monday with Kazakhstan's Kazatomprom to jointly build a nuclear fuel assembly plant and mine uranium deposits in the central Asian country.

The largest nuclear power supplier in China said the main business terms, and construction and development schedules had been agreed upon with the Kazakh company.

CGN gave no further details on either project.

Cooperation between the two firms on uranium development and trade and nuclear fuel fabrication was initiated in 2006.

The two have a uranium mining joint venture, and CGN also imports nuclear fuel pellets and uranium from Kazatomprom.

CGN has 15 nuclear power units in operation, with a total installed capacity of about 16 gigawatts.