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India secures access to Australian uranium for planned nuclear expansion
The Australia pact is expected to support India’s bid to raise nuclear capacity to 100 gigawatts by 2047, up from about 8GW.
India finalized a deal with Australia that is expected to help supply uranium for New Delhi’s expanding nuclear power plans, addressing a key fuel gap that has constrained long term growth, according to SCMP Economy.
The agreement is seen as a step toward improving India’s uranium fuel security, while also signaling greater strategic trust between the two Indo-Pacific partners, the outlet said. Few operational details were available immediately, including the volumes to be supplied.
Analysts expect the uranium arrangement to play a role in expanding India’s nuclear capacity to 100 gigawatts by 2047, compared with about 8GW currently, SCMP Economy reported.
India lacks sufficient domestic uranium to meet its long term ambitions and relies heavily on imports, the outlet added, noting that Australia had previously refused to sell uranium because India was not a signatory to the Nuclear Non-Proliferation Treaty, a framework intended to curb nuclear weapons spread.