On 3 September 2026, Rosatom and Kazakhstan Nuclear Power Plants LLP (KNPP) signed the EPC contract for the construction of two VVER-1200 reactors at the Balkhash Nuclear Power Plant (NPP), with a combined installed capacity of 2,400 MW.
This alert sets out what it means for sponsors, lenders and prospective Consortium participants.
From IGA to EPC
Intergovernmental instruments signed on 28 May 2026 form the legal foundation of the Balkhash NPP project, and Unicase analysed their commercial and regulatory implications in the previous edition of this newsletter.
The Agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on the Basic Principles and Conditions of Cooperation on the Construction of a Nuclear Power Plant on the Territory of the Republic of Kazakhstan (the IGA) establishes the state-level framework within which everything else in this project operates: the roles of the parties, the structure of the Consortium, the