IAEA: low enriched uranium bank to be opened in Kazakhstan by September

 IAEA: low enriched uranium bank to be opened in Kazakhstan by September

International Low Enriched Uranium (LEU) Bank in Kazakhstan will be built by September 2017, IAEA Director General Yukiya Amano said addressing the Agency’s Board of Governors in Vienna.

“Construction of the LEU Storage Facility is proceeding on schedule and Kazakhstan expects to have the facility built, and ready to receive LEU, by September this year,” Trend cited him as saying.

He noted that there is increasing interest in the peaceful uses of nuclear technology and the need for Agency nuclear verification activities is growing steadily.

The IAEA LEU Bank will be a physical reserve of up to 90 tons of LEU, sufficient to run a 1,000 MWe light-water reactor. Such a reactor can power a large city for three years. The IAEA LEU Bank will be located at the Ulba Metallurgical Plant in Oskemen in north-eastern Kazakhstan. 

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