Kazakhstan Chamber of Commerce in the USA


India Inks Uranium Deal with Kazakhstan

Posted on July 24, 2015 by KazCham

The Diplomat

On July 6 Indian Prime Minister Narenda Modi visited Kazakhstan. During the visit he reached an agreement with Kazakhstan authorities that the country will supply India with 5,000 metric tons of nuclear fuel in the 2015 – 2019 period.

Between 2010 and 2014, Kazakhstan supplied India with 2,100 metric tons of uranium. While expressing pleasure at the “much larger second contract,” Mr. Modi noted that Kazakhstan was “one of the first countries with which we [India]  launched civil nuclear cooperation.”

The increase in uranium supply is a boon to Modi’s energy plans. India, which has increasingly faced an energy-deficit, dealing with blackouts and leaning heavily on coal has begun to focus on building up its nuclear power capabilities in recent years.

Kazakhstan produces 38 percent of the world’s uranium–22,451 metric tons in 2013–more than the next three top producers combined (Canada, Australia, and Niger). The country is also set to host the International Atomic Energy Agency’s low-enriched uranium (LEU) bank, a facility which will stockpile LEU, used in civilian nuclear power reactors, in order to assure supply to members should they experience a disruption.


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