India to get Canadian uranium from 2nd half of 2015
Canadian company Cameco, which has signed an agreement for the supply of uranium to India, will start delivery in the second half of this year with the end-use being strictly monitored. The company is excited over the pact, which it says marks the "start of a new relationship" between the two countries.
Cameco's president and CEO Tim S Gitzel said here that the company will start delivery of uranium by the second half of this year as per a schedule. Cameco and the department of atomic energy (DAE) signed an agreement here two days back during the visit of PM Narendra Modi. Under the pact, the Canadian company will supply uranium over five years at a cost of 350 million Canadian dollars. "We signed a binding contract under which Cameco will supply 700 million pounds of uranium to India over the next five years to generate electricity from its nuclear plants in India," Gitzel said.