Canada, India in advanced talks on nuclear fuel supply: Report via The Economic Times

TORONTO: Canada’s biggest uranium producer Cameco is in advanced talks with India on a deal to supply it fuel for nuclear power plants and Prime Minister Narendra Modi’s visit next week is likely to provide impetus to clinch the agreement, a media report said today.

“There is a fairly late-stage negotiation on and I think it’s likely to conclude successfully. I just don’t know whether it’s going to conclude by next week,” Globe and Mail newspaper quoted a source familiar with the Canada-India

uranium supply talks as saying.

[…]

Nuclear power is at the heart of a rapprochement between India and Canada in recent years. Canada banned exports of uranium and nuclear hardware to India in the 1970s after New Delhi used Canadian technology to develop a nuclear bomb.

The two countries turned the page with a deal that took effect in 2013.

A commercial deal to export Cameco’s uranium to feed India’s reactors would be another sign to the world that India is recognised as a safe, responsible nuclear power despite its refusal to sign the Nuclear Non-Proliferation Treaty.