Cameco And India Sign Nine-Year Deal For Uranium Supply

Canadian company to supply 22 million pounds of U3O8

Cameco And India Sign Nine-Year Deal For Uranium Supply
India wants to develop at least 100 GW of nuclear energy by 2047. Image courtesy Flickr/Afam Jones (CCBY2.0)

India has signed a nine-year supply agreement with Canadian uranium supplier Cameco worth around CAD$2.6 billion ($1.9bn, €1.6bn) to supply the country’s nuclear fleet with ranium ore concentrate (U3O8).

The agreement will see the Canadian company supply close to 22 million pounds of uranium concentrate over that period to serve India’s operating reactors.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet