The Globe and Mail reports in its Thursday edition that
Prime Minister Stephen Harper
and Indian Prime Minister
Narendra Modi unveiled a $350-million deal on Wednesday for
Cameco to supply
3,220 tonnes of uranium to power India's
reactors over the next five years.
The Globe's Steven Chase and Kim Mackrael write that Canada banned exports of uranium
and nuclear hardware to
India in the 1970s after New
Delhi used Canadian technology
to develop a nuclear bomb.
Mr. Modi is the first sitting Indian
prime minister to make a
bilateral visit to Canada in more
than 40 year.
India aims
to increase its share of electricity
generated by nuclear power
to 25 per cent by 2050 from 4
per cent today.
Cameco boss Tim Gitzel says
the Indian uranium deal represents
a small portion of annual
sales. For instance, Cameco
expects to sell nearly 15,000
tonnes in 2015.
The deal paves the way
for Cameco to sell more in
the years ahead as India
expands nuclear power generation.
India's nuclear energy
building program is second only
to China's in scale.
Mr. Gitzel says: "Today, they have 21 nuclear
reactors operating. They have
six under construction. They're
building dozens more over the
next few years."
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