India to Get First Lot of Canadian Uranium Next Month (November 2015)

India has 21 operational nuclear reactors and six under construction.

“The first lot of 250 tonnes of Canadian uranium is already on its way and should land by the first week of December. Since it is imported fuel it will be used in the safeguarded reactors,” a senior government official said.

The deal, worth CAD 350 million with Canada’s largest uranium producing company Cameco Corp, will ensure 3,220 metric tonnes of uranium over the next five years.

Signed in April this year when Prime Minister Narendra Modi visited the North American country, the development also assumes importance as Mr Modi during his visit had given emphasis on the nuclear energy aspect.

The Indo-Canada civil nuclear cooperation was signed in 2010. Incidentally, Canada had banned exports of uranium and nuclear hardware to India in the 1970s after New Delhi developed a nuclear bomb.

Read More at http://www.ndtv.com/india-news/india-to-get-first-lot-of-canadian-uranium-next-month-1247591
As posted at All India | Press Trust of India | Updated: November 25, 2015 18:59 IST

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