Two years after the civil nuclear deal signed between the two, Canada has sent the first uranium consignment of 250 tonnes to India for its nuclear power reactors.
Highlights:
- Cost: 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).
- India has 21 power reactors in operation, with another 6 under construction and will start in next four years. It plans to increase its nuclear generating capacity from the present 5800 MWe -27,500 MWe by 2032.
- Shipment consists of uranium mined and milled at Cameco’s McArthur River and Key Lake operations in northern Saskatchewan.
Key Points: Canada
- Capital & Currency: Ottawa, Canadian Dollar
- PM: Justin Trudeau
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