• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 2 hours Shale Oil Fiasco
  • 10 mins Everything you think you know about economics is WRONG!
  • 45 mins Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 10 hours USA v China. Which is 'best'?
  • 9 hours Global Debt Worries. How Will This End?
  • 1 day My interview on PDVSA Petrocaribe and corruption
  • 9 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 2 days Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 17 hours Quotes from the Widowmaker
  • 2 days Petroleum Industry Domain Names
  • 17 hours Tesla Launches Faster Third Generation Supercharger
  • 10 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 9 hours Winter Storms Hitting Continental US
Alt Text

China Aims For Nuclear Dominance

China’s revival and rise to…

Eurasianet

Eurasianet

Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on…

More Info

Premium Content

Uzbekistan, Russia Announce Joint Nuclear Facility

Uzbekistan has said it has reached an agreement with Russia to jointly build a nuclear power plant, a development it says will help it economize on gas and coal.

Opponents of the scheme, however, say the power station could pose a danger to the environment. Similar proposals in neighboring Kazakhstan have run into trouble on similar grounds. And the vast costs attached to the project raise questions about how the funding is to be secured.

According to official figures, Uzbekistan’s annual electricity requirements, which currently stand at around 69 billion kilowatt hours, are 85 percent met by production from gas and coal. The remainder is produced by hydropower facilities.

“If we continue in future to use natural gas and coal in the sector, in a short time our reserves could run out,” President Shavkat Mirziyoyev said at government meeting on July 10. “This would be an unforgivable error.”

The plan is to commission the power plant by 2028. According to government projections, the power station could enable the country to economize on 3.7 billion cubic meters of gas annually, which would translate into an economic savings of around half a billion dollars.

Ten sites around the country had been identified as possible locations for the plant. But at the end of May, when the head of Russia’s state-run atomic energy company Rostam, Alexei Likhachev, was visiting Tashkent, he announced that the site would likely be in the Navoi region.

Rosatom’s proposal is to build two 1,200-megawatt blocs. It is building similar structures in Belarus and Bangladesh. At the start of July, an Uzbek delegation traveled to Belarus to study progress on work there.

As to the cost, Uzbekistan’s ambassador to Russia, Bakhrom Ashrafkhanov, said the project could cost around $13 billion. The bulk of the investment would be expected to come from Russia, he said, without providing further details. The size of this price tag has raised some eyebrows and it is uncertain whether Russia is likely to commit to such a costly undertaking without clear evidence of eventual returns.

Uzbek political analyst Bakhtiyor Ergashev said that Uzbekistan is well-placed to develop an atomic energy industry, however. Related: Saudi Arabia's Solution To Rising U.S. Gas Prices

“Uzbekistan has its own nuclear reactor,” Ergashev said, referring to a research reactor at Tashkent’s Institute of Nuclear Physics. “And it is a large producer of raw uranium.”

If the power plant were to be completed, Uzbekistan could become the first nation in Central Asia to host such a facility. There has long been talk in neighboring Kazakhstan, itself a leading producer of raw uranium, of building a nuclear plant but the idea has run into much opposition.

Uzbek environmentalist Yusup Kamalov echoed themes heard in Kazakhstan, arguing that the power plant could pose a danger to people inside Uzbekistan and beyond. He also bristled at the role being played by Russia.

“The decision has been taken under pressure from Russia,” he said. “Russia is offering its technology, specialist and funding the lion’s share of the plant. It is a disgrace that Uzbekistan, with all its potential for renewable energy, is following Russia’s lead.”

By Eurasianet

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play