India Receives First Consignment of Uranium From Canada

Canada has sent the first uranium consignment of 250 tonnes to India for its nuclear power reactors, over two years after the civil nuclear deal signed between the two countries came into force.

The first lot of 250 tonnes of Canadian uranium has been received in India. In April, Cameco signed a uranium supply contract with India after the nuclear cooperation agreement between Canada and India came into force in September 2013.

According to the Canadian government, the contract to supply 7.1 million pounds of uranium concentrate (about 2,730 tonnes uranium) to India's Department of Atomic Energy was worth around Canadian Dollars 350 million ($262 million).

The shipment consists of uranium mined and milled at Cameo's McArthur River and Key Lake operations in northern Saskatchewan.

India currently has 21 power reactors in operation, with another six under construction and scheduled to start up over the next four years. The country plans to increase its nuclear generating capacity from the current 5800 MW to 27,500 MW by 2032.

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