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Russia, Kazakhstan sign binding deal to build nuclear plant

September 30, 2014, 14:51 UTC+3 ATYRAU

The Kazakh nuclear plant could cost less than $5 billion

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ATYRAU, Kazakhstan, September 30. /ITAR-TASS/. Russian nuclear power corporation Rosatom on Tuesday signed a binding agreement with Kazakhstan’s Energy Ministry to construct a nuclear power station in Kazakhstan.

In May, Rosatom and local nuclear power company Kazatomprom signed a memorandum to cooperate in building of a nuclear plant with a capacity of 300-1,200 megawatts.

The Kazakh nuclear plant could cost less than $5 billion, Rosatom's CEO Sergei Kiriyenko said earlier.

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