INDIA SEEKS INCREASED URANIUM SUPPLIES AS IT EXPANDS ITS NUCLEAR POWER SECTOR
February 1st, 2016
Uranium suppliers are increasing their focus on India’s rapid nuclear power development programme and plans to build a nuclear fuel stockpile. The Indian government has set an expansion target of generating 14,600 megawatts (MW) a year from nuclear power plants in India by 2024. And this will require an annual supply of 2,700 tonnes of uranium compound U3O8 (Triuranium octoxide) which cannot be fully supplied by India’s 235,174 tonnes of known reserves of U3O8, according to data presented to the Indian parliament. This is almost double the current usage – ...
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