Kazakhstan looks toward nuclear solution

by Gordon James

Kazakhstan looks toward nuclear solution to combat climate change. Kazakhstan Energy Minister Vladimir Shkolnik has announced the nation will be pursuing a nuclear-powered energy grid, which would produce enough power for two million homes and save Kazakhstan $45 billion over 20 years.

Kazakhstan is looking toward a nuclear solution. Kazakhstan has been able to get the majority of its energy from nuclear power plants, but it’s still struggling with a lack of water and high costs.

Kazakhstan looks toward nuclear solution


The influx of Bitcoin miners from China into Kazakhstan has exacerbated an energy shortage, which the president of the Central Asian nation has suggested resolving with nuclear power.

Bitcoin miners are blamed by Kazakhstan’s Ministry of Energy for an increase of 8% in domestic energy use in 2021. According to statistics from the Financial Times, the nation has acquired at least 87,849 Bitcoin mining devices from Chinese businesses so far this year, after China’s crackdown on crypto mining.

According to the Kazakhstan Electrical Grid Operating Company, the large rise in demand has resulted in a domestic power supply shortage and contributed to inconsistent electricity supplies. At a meeting with bankers on Nov. 19, President Tokayev said he believes building a nuclear power plant would help relieve the strain on his country’s electrical infrastructure:

“We will have to make an unpopular choice concerning the building of a nuclear power plant in the future.”

While Tokayev made no mention of Bitcoin mining power use in his plan, failing to retain miners in the nation might imperil the estimated $1.58 billion in tax income they generate. Xive, a Bitcoin mining marketplace, has previously left Kazakhstan due to power constraints. Didar Bekbau, co-founder of Xive, tweeted on Nov. 25 that his company’s mining farm had to be shut down owing to “limited electrical availability from the grid.”

It was a little disappointing to have to close our mining farm in south KZ. The last container is ready to be sent. So much effort has been done, and people’s dreams have been dashed. The picture depicted a country danger. twitter.com/J8ZMg6GeUI

November 24, 2021 — Didar (@didar bekbau)

Kazakhstan presently has 50 crypto mining businesses registered and an unknown number of unregistered.

Kazakhstan President Tokayev said, “We are the world’s number two crypto miner, yet we see absolutely no financial return.”

In a nation that endured significant radioactive fallout from weapons testing during the Soviet occupation, the choice to develop new nuclear power plants is a serious one. The last nuclear power station in Kazakhstan was shut down in 1999.

Currently, fossil fuel-burning power plants provide around 88 percent of Kazakhstan’s electricity.

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