CGNPC Enters Production Phase of Joint Venture Kazatomprom

CGNPC Uranium Resources Co Ltd, a subsidiary of China General Nuclear Power Group, said on Thursday its joint venture with Kazakh uranium producer NAC Kazatomprom JSC, Ulba-FA LLP, has entered the nuclear fuel assembly production phase.

CGNPC has a 49 percent stake of the joint venture, while Kazatomprom took a 51 percent stake.

The project will supply 200 tons of uranium for fuel assembly each year for 20 years in China.

China General Nuclear Power Group said it has also been carrying out in-depth cooperation with Kazatomprom in the fields of uranium resource exploration, natural uranium trade and nuclear fuel pellet processing.