Diplomacyindia.com

‘Canada-India uranium supply deal likely’

‘Canada-India uranium supply deal likely’
April 11
17:03 2015

Toronto, April 11 A deal between Canada’s biggest uranium producer, Cameco, and India to supply fuel for nuclear power plants is likely to be signed during Prime Minister Narendra Modi’s visit to the North American country this month, a Canadian daily has reported.

“There is a fairly late-stage negotiation on and I think it’s likely to conclude successfully,” The Globe and Mail on Friday quoted a source familiar with the Canada-India uranium supply talks as saying.

“I just don’t know whether it’s going to conclude by next week.”

Modi will visit Canada from April 14 to 16 on the last leg of his ongoing three-nation tour.

The report cited a Facebook post by the Indian prime minister in which he stated that he looked “forward to resuming our civil nuclear energy cooperation with Canada, especially for sourcing uranium fuel for our nuclear power plants”.

Canada had banned exports of uranium and nuclear hardware to India in the 1970s after New Delhi allegedly used Canadian technology to build a nuclear bomb.

However, the two countries turned the page in 2013 with the signing of the Canada-India Nuclear Cooperation Agreement, which effectively meant that Ottawa no longer saw New Delhi as a nuclear pariah but as a safe, responsible nuclear power despite the latter’s refusal to sign the Nuclear Non-Proliferation Treaty.

The Globe and Mail cited the source as saying that if the nuclear deal does not come through during Modi’s visit “then Ottawa and New Delhi will reiterate their commitment to Canada-India nuclear cooperation and say, ‘Cameco is in the middle of negotiations and we expect an announcement in due course’.”

Stewart Beck, who was Canada’s high commissioner to India from 2010 to 2014, is optimistic about the Cameco export deal as, according to him, high-level visits help clinch agreements.

Modi will be the first sitting prime minister of India to make a bilateral visit to Canada in 40 years. Four percent of Canada’s population is of Indian origin.

“The visit will, I think, increase the likelihood of a deal being concluded,” Beck said.

According to the report, top Cameco executives will be in Ottawa during Modi’s visit but the company said there are no plans for a private meeting with the Indian prime minister.

“We’ve been meeting with government officials and working towards a long-term supply agreement with India. At this point, we have not made any sales to India, but discussions continue,” Cameco spokesman Rob Gereghty was quoted as saying.

In case there is an agreement, Canada’s nuclear regulator, the Canadian Nuclear Safety Commission, will have to approve shipments of the fuel. The deal would be for five or 10 years or more, according to the report.

Indian High Commissioner to Canada Vishnu Prakash said India’s energy needs are growing rapidly as more people move to cities and the economy grows.

“We have a multi-fold objective,” he was quoted as saying.

“One is to expand our capacity of energy generation. Second, to have clean energy, and therefore there is a very strong emphasis on nuclear energy and renewable energy. And for all these reasons, we have been working closely with our partner countries, and Canada is one of our very important partners, to attain those objectives.”

Tags
Share

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com