ASTANA, August 27. /TASS/. Kazakhstan’s Foreign Minister Erlan Idrisov and International Atomic Energy Agency chief Yukiya Amano signed an agreement on Thursday to set up the low-enriched uranium bank (LEU) in Kazakhstan.
The LEU Bank, to be located at the Ulba Metallurgical Plant in eastern Kazakhstan, will store uranium hexafluoride with a nominal enrichment of U-235 to 4.95%. This will be enough for three reloads of fuel for a 1,000 MW light water reactor.
The Kazakh Foreign Ministry stressed that the LEU, to be created at the initiative of the authorities, "will provide the countries with safe access to fuel for their nuclear power plants."
The LEU Bank will be owned and controlled by the IAEA but operated by Kazakhstan.
The low-enriched uranium bank will be launched no earlier than 2017, the Kazakh Foreign Ministry said. The contract is worth $150 million.