India plans to get uranium from Russia for nuclear power
POWER & RENEWABLE ENERGY

India plans to get uranium from Russia for nuclear power

Indian Prime Minister Narendra Modi arrived in Russia for a two-day visit, marking his first visit in five years. It was anticipated that he would engage in discussions with President Vladimir Putin aimed at revitalising relations between the two nations and likely concluding strategic agreements.

Senior officials familiar with the matter indicated that Russia and India were expected to finalise a long-term uranium supply agreement for a nuclear power plant set to commence operations in Tamil Nadu. Additionally, it was anticipated that during the visit, an agreement would be signed allowing mutual use of military facilities for training, port calls, humanitarian assistance, and disaster relief operations. These details were provided by officials who preferred anonymity due to the sensitive nature of the discussions.

India?s Ministry of External Affairs did not immediately respond to inquiries seeking further information on the uranium supply agreement. The surge in support for nuclear power as a low-carbon energy source has driven uranium prices to more than triple since the end of 2020, with projections indicating tight market conditions until 2029 as utilities replenish their stocks, according to Bloomberg Intelligence. Cooperation in the civilian nuclear sector does not fall under the US sanctions imposed on Russia following its invasion of Ukraine.

Vinay Kwatra, India?s Foreign Secretary, highlighted that units 1 and 2 of the Kudankulam Nuclear Power Plant were already operational, with progress underway on units 3 and 6. He underscored Moscow?s significance as a crucial partner in India?s energy security and defence.

Previously, Rosatom had supplied nuclear fuel to Kudankulam in 2022 and 2023. The majority of India?s uranium production is sourced from Uranium Corp.?s mines in Jharkhand, where reserves are depleting rapidly. Efforts to exploit deposits in other states, such as Andhra Pradesh and Meghalaya, have not met expectations, leading to increased reliance on imports.

India has engaged in spot agreements with several countries, including Kazakhstan, Russia, France, Uzbekistan, and Canada, for uranium procurement. The military agreement is expected to facilitate exchanges of fuel and spare parts for Russian warships in the Indian Ocean and Indian vessels in the Arctic, an area witnessing heightened activity due to newly opened shipping routes as a result of receding ice caps.

Indian Prime Minister Narendra Modi arrived in Russia for a two-day visit, marking his first visit in five years. It was anticipated that he would engage in discussions with President Vladimir Putin aimed at revitalising relations between the two nations and likely concluding strategic agreements. Senior officials familiar with the matter indicated that Russia and India were expected to finalise a long-term uranium supply agreement for a nuclear power plant set to commence operations in Tamil Nadu. Additionally, it was anticipated that during the visit, an agreement would be signed allowing mutual use of military facilities for training, port calls, humanitarian assistance, and disaster relief operations. These details were provided by officials who preferred anonymity due to the sensitive nature of the discussions. India?s Ministry of External Affairs did not immediately respond to inquiries seeking further information on the uranium supply agreement. The surge in support for nuclear power as a low-carbon energy source has driven uranium prices to more than triple since the end of 2020, with projections indicating tight market conditions until 2029 as utilities replenish their stocks, according to Bloomberg Intelligence. Cooperation in the civilian nuclear sector does not fall under the US sanctions imposed on Russia following its invasion of Ukraine. Vinay Kwatra, India?s Foreign Secretary, highlighted that units 1 and 2 of the Kudankulam Nuclear Power Plant were already operational, with progress underway on units 3 and 6. He underscored Moscow?s significance as a crucial partner in India?s energy security and defence. Previously, Rosatom had supplied nuclear fuel to Kudankulam in 2022 and 2023. The majority of India?s uranium production is sourced from Uranium Corp.?s mines in Jharkhand, where reserves are depleting rapidly. Efforts to exploit deposits in other states, such as Andhra Pradesh and Meghalaya, have not met expectations, leading to increased reliance on imports. India has engaged in spot agreements with several countries, including Kazakhstan, Russia, France, Uzbekistan, and Canada, for uranium procurement. The military agreement is expected to facilitate exchanges of fuel and spare parts for Russian warships in the Indian Ocean and Indian vessels in the Arctic, an area witnessing heightened activity due to newly opened shipping routes as a result of receding ice caps.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?