KAP and Kansai Electric Agree on Uranium Supply
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AIX: KAP, KAP.Y (GDR)
LSE: KAP (GDR)
22 December 2025, Astana, Kazakhstan
Kazatomprom Group and Kansai Electric Agree on Uranium Supply for Japanese Nuclear Power Plants
National Atomic Company "Kazatomprom" JSC ("Kazatomprom") group of companies and the Japanese utility The Kansai Electric Power Co., Inc. ("Kansai") have signed an agreement for the supply of Kazakh uranium products (U3O8) for the Japanese nuclear power plants.
The agreement marks a significant milestone in establishing a sustainable supply chain for the Japanese nuclear industry, as the country continues the gradual restart of its nuclear fleet and its integration into to the national energy balance. As the world's largest producer of natural uranium, Kazatomprom reaffirms its position as a key and reliable partner for Japanese utilities.
The official signing celebration took place during the visit of the delegation of the Republic of Kazakhstan led by President Kassym-Jomart Tokayev to Japan from 18-20 December 2025 within the framework of the "Central Asia + Japan" (C5+1) Dialogue. This agreement is an important step in Kazatomprom's strategy to expand long-term partnerships and diversify its sales markets.
"This agreement marks a new milestone in our relations with Japan," stated Meirzhan Yussupov, CEO of Kazatomprom. "Our cooperation with Kansai contributes to the sustainability of the Japanese power grid as the country gradually returns to nuclear energy, and underscores Kazatomprom's recognition as a reliable uranium supplier in the global market. Through joint efforts with our customers worldwide, we continue to make a significant contribution to achieving global decarbonization goals."
Kansai representatives emphasized that engaging with a proven and reliable partner such as Kazatomprom is a core element of the company's strategy to ensure a stable and secure power supply for the Kansai region.
The deal reflects the strengthening ties between Kazakh and Japanese energy sectors and underscores the role of nuclear power as a stable and environmentally responsible energy source essential for the global energy transition.
Kansai is one of Japan's leading utilities and a cornerstone of the nation's nuclear sector. The company operates seven nuclear reactors across three power stations - Mihama, Takahama, and Ohi - recognized as some of the most robust and safe facilities in the country. Following their successful restart under the new regulatory requirements, Kansai's nuclear generation has once again become a vital source of stable and low-carbon electricity.
Kansai has been a partner of Kazatomprom since 2006 through the "APPAK" LLP joint venture, located in Turkistan region (Kazatomprom - 65%, Sumitomo - 25%, Kansai - 10%).
For more information, please contact:
Public Relations and Media Inquiries
Daniyar Oralov, Director, Public Relations
Tel: +7 7172 45 80 63
Email: pr@kazatomprom.kz
Investor Relations Inquiries
Botagoz Muldagaliyeva, Director, Investor Relations
Tel.: +7 7172 45 81 80/69
Email: ir@kazatomprom.kz
A copy of this announcement is available at www.kazatomprom.kz.
About Kazatomprom
Kazatomprom is the world's largest producer of uranium with the Company's attributable production representing approximately 21% of global primary uranium production in 2024. The Group benefits from the largest reserve base in the industry and operates, through its subsidiaries, JVs and Associates, 27 deposits grouped into 14 mining assets. All of the Company's mining operations are located in Kazakhstan and extract uranium using ISR technology with a focus on maintaining industry-leading health, safety and environment standards (ISO 45001 and ISO 14001 certified).
Kazatomprom securities are listed on the London Stock Exchange and Astana International Exchange. Kazatomprom is the national atomic company in the Republic of Kazakhstan, and the Group's primary customers are operators of nuclear generation capacity, the main export markets for the Group's products are Asia, Europe and North America. The Group sells uranium and uranium products under long-term contracts, short-term contracts as well as in the spot market, directly from its headquarters in Astana, Kazakhstan, and through its Switzerland-based trading subsidiary, Trade House KazakAtom AG (THK).
For more information, please see the Company website at www.kazatomprom.kz.
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