Kazakhstan to provide uranium supply to India

REGULATION | Kazakhstan to provide uranium supply to India

Kazakhstan, one of the world’s top suppliers of uranium, has agreed to fuel India’s atomic power plants by signing a Memorandum of Understanding (MoU) with the peninsula. Represented by Nuclear Power Corporation of India (NPCIL) and Kazatomprom, the two Asian countries pledged long-term cooperation in nuclear energy.

Moukhtar Dzhakishev, President of Kazatomprom, said, “The signing of this mutually beneficial Memorandum comes at an important time and is in line with the countries’ intentions to expand the scope of business and political cooperation,” according to a statement issued by the company. The uranium supplier also expressed interest in undertaking a feasibility study regarding nuclear power projects in Kazakhstan using India’s pressurised heavy water reactor (PHWR) designs.

Kazatomprom is Kazakhstan's national operator for export of uranium and its compounds, rare metals, nuclear fuel for power plants, special equipment, technologies and double-use materials.