Press release to the seminar "Distribution of Financial Risks and Economic Issues in Nuclear Energy Programs"

In the period from 26 to 29 June 2018 in Borovoe, Akmola region, the Ministry of Energy of the Republic of Kazakhstan, in cooperation with representatives of interested organizations and experts of the International Atomic Energy Agency (IAEA), conducted a seminar on the topic "Financial Risk Distribution and Economic Issues in Nuclear Energy programs ".

The seminar was attended by representatives of the Ministry of Energy of the Republic of Kazakhstan, the Ministry of Finance and National Economy of the Republic of Kazakhstan, "National Nuclear Center of RK"RSE, "Institute of Nuclear Physics"RSE, "Institute of Geophysical Research"RSE, "NAC" Kazatomprom " JSC and  “Kazakhstan Atomic power plants” JSC.

The experts presented current information on risk management related to the financing of new nuclear power plant projects, the role and characteristics of the feasibility study for the construction of the nuclear power plant. IAEA experts familiarized participants with international experience in support of the nuclear program and financing of obligations at the final stage of the nuclear fuel cycle based on the example of Great Britain.

During practical group sessions, the participants independently formed the types of financial models for the NPP construction project, identified the key design risks, and identified gaps related to the start of the NPP project implementation and the solutions to them.

Based on the results of the team training, international experts gave a positive assessment, as well as gave recommendations, advice and comments on the project.

The knowledge and skills acquired by participants in the seminar will be used in the implementation of the Kazakhstan program for the development of the nuclear industry.