URANIUM 1.02% $24.70 uranium futures

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    India plans new nuclear plants
    India's cabinet has approved four sites for eight new nuclear power reactors. Two of the sites - Kakrapar and Rawatbhata, are to have 700 MWe indigenous PHWR units, another is to have imported 1000 MWe light water reactors alongside two being constructed by Russia at Kudankulam, and the fourth site is greenfield for 1000 MWe LWR units - Jaitapur in the Konkan region. The 700 MWe PHWRs are stepped up from the 540 MWe reactors, the first of which has just gone into commercial operation. Acquisition of any light water reactors depends upon international political approvals.
    Calcutta Telegraph 23/9/05.

    Indian thaw
    Following the agreement between US and Indian heads of state on nuclear energy cooperation, the UK has indicated its strong support for greater cooperation and France then Canada have moved in the same direction. The US Department of Commerce, the UK and Canada have relaxed controls on export of technology to India, though staying within the Nuclear Suppliers Group guidelines. The French government says it will seek a nuclear cooperation agreement, and Canada has agreed to "pursue further opportunities for the development of the peaceful uses of atomic energy" with India. Canada supplied much of India's initial nuclear technology, including that which was improperly used for weapons.
    Nucleonics Week 15/9/05, Toronto Star 22 & 27/9/05.

 
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