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    An individual works in the main building of the Khiagda enterprise in the Bauntovsky district of the Republic of Buryatia. Khiagda (part of Atomredmetzoloto, or ARMZ, the uranium holding of Rosatom State Corporation) is beginning preparations for the development of the Istochnoye and Verhinskoye natural uranium deposits at the Khiagda ore field in Buryatia

    India Inks Uranium Deal With Uzbekistan as Delhi Builds Strategic Reserves

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    India’s Department of Atomic Energy plans to stockpile 15,000 tons of uranium for the country's 22 nuclear power plants to handle normal operations and prepare for contingencies.

    New Delhi (Sputnik) — India's Ministry of External Affairs has said that Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev held a bilateral meeting on the sidelines of the "Vibrant Gujarat Global Summit" in Ahmedabad on Friday, in which the two countries signed a long-term Uzbek uranium ore concentrate supply deal. 

    "Both leaders witnessed the exchange of contract papers between the Department of Atomic Energy from India and the Novoi Minerals and Metallurgical Company from the Republic of Uzbekistan for a long-term supply of uranium ore concentrate for India's energy requirements," a statement issued by India's Ministry of External Affairs reads.

    READ MORE: India in Talks with Several Countries to Build Strategic Nuclear Fuel Reserve

    India seeks to build strategic uranium reserves in the country for its power reactors.

    Sources told Sputnik that a similar kind of agreement is also being negotiated and planned with other CIS nations. Modi's government has already signed agreements with Namibia and Mongolia in a bid to bolster the country's supply of uranium.

    Presently, India imports the majority of its uranium from Russia, Kazakhstan and Canada. Data presented by India's Department of Atomic Energy in Parliament on 19 December 2018 showed that Russia will be supplying about 56.67 metric tons of uranium between 2018 and 2020, while Kazakhstan supplied 1500 metric tons in 2018 and is expected to supply a similar amount in 2019.

    READ MORE: India's New Nuclear Plant Units Commissioning Expected in 2024-25 — Rosatom

    Moreover, the Indian government has taken measures to augment domestic uranium production by state-of-the-art, integrated multi-disciplinary explorations in several prospective geological locations in various parts of the country, where it expects to open new mines and processing facilities.

    Presently, eight of India's 22 operational nuclear reactors, with an aggregate capacity of 2,400 MW, are fuelled by locally mined uranium, while the other 14 reactors, with an aggregate capacity of 4,380 MW, are under the International Atomic Energy Agency's (IAEA) safeguards and use imported uranium.

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    Tags:
    reactor, uranium, nuclear power, contract, Nuclear Power Corporation of India Limited (NPCIL), Shavkat Mirziyoyev, Narendra Modi, India, Uzbekistan
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