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Wednesday, June 23, 2021

Russian firm to ink $780 mn nuclear fuel contract with India

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MOSCOW: The Leading Russian Company TVEL to ink $780 Million nuclear fuel contract with India next week for the supply of fuel for atomic power plants. According to Indian media, under the deal likely to be inked in Mumbai on Wednesday, TVEL, one the world’s largest nuclear fuel producers, will supply 2,000 metric tones of uranium pellets to the Indian nuclear power plants.

“The contract, if signed, could make Russia the first country to supply nuclear fuel to India since the Nuclear Suppliers Group lifted a three-decade ban on nuclear fuel sales to the country on September 6, 2008,” a spokesman for Russia’s state atomic power corporation Rosatom was quoted as saying.

Russia is building two 1000 VVER light water reactors in Tamil Nadu and during President Dmitry Medvedev’s New Delhi visit in December last year, the two countries agreed to build four more units.-SANA

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