Kazakhstan’s national atomic company, Kazatomprom, has announced the signing of the first-ever contract with Switzerland-based Axpo Power AG, alongside Kernkraftwerk Leibstadt AG (KKL AG), for the supply of Kazakh natural uranium concentrates for the energy needs of Switzerland’s Beznau and Leibstadt nuclear power plants.
Vladislav Baiguzhin, Chief Commercial Officer of Kazatomprom commented that the expansion of the company’s sales geography highlights the recognition of Kazatomprom as a reliable supplier of uranium on the global market.
“This contract represents an important step in our ongoing strategy to diversify our sales channels. It is also a key element in advancing energy security and decarbonization efforts, strengthening our partnership and ensuring the long-term supply of natural uranium for Switzerland’s nuclear energy sector,” he said.
Dr. Bruno Zimmermann, Head of Nuclear Fuel of Axpo Power AG, stated: “The signing of a contract with Kazatomprom, the world’s largest uranium producer, is of strategic importance for Axpo and KKL AG, as we continue to diversify and secure our fuel supplies. Nuclear energy is a key element of our country’s low-carbon energy strategy, making reliable fuel supplies critically important. Including Kazatomprom among our suppliers strengthens our ability to ensure stable energy supply for Switzerland and contributes to global decarbonisation efforts.”
The contract with Switzerland’s largest energy company opens a new chapter in Kazatomprom’s cooperation with nuclear power plant operators in Europe and strengthens its position in the global uranium market.
Kazatomprom is the world’s largest uranium producer, accounting for approximately 20% of global primary uranium production in 2023.
