India-Kazakhstan Renew Uranium Supply Pact Agreement Soon

• Kazakhstan will supply uranium to India, boosting nuclear energy cooperation
• Past deals include 2009 (2,100 tonnes) and 2015–2019 (5,000 tonnes) supplies
• Kazatomprom’s exports support India’s nuclear growth and clean energy goals

Kazakhstan, which stands as the globe's top uranium producer, has established a new agreement with India that will deliver extensive uranium supplies to the country for its nuclear power generation needs. The announcement came from Kazatomprom following recent discussions with India’s Department of Atomic Energy.

India and Kazakhstan have signed a new uranium supply agreement India, reinforcing the India Kazakhstan nuclear partnership and enhancing nuclear fuel cooperation India Kazakhstan.

This uranium deal India Kazakhstan strengthens the India Kazakhstan energy partnership, ensures nuclear fuel security India, and supports India nuclear energy supply through Kazakhstan uranium export India and uranium import India, advancing civil nuclear cooperation India and the broader strategic energy partnership India Kazakhstan.

Both countries have been negotiating a new uranium supply agreement since their previous contract lapsed several years ago. The two nations reached this nuclear energy agreement after their recent discussions, which formed the basis for their existing cooperation in nuclear energy matters.

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The two countries have established strong energy connections throughout their entire history. The agreement between Kazatomprom and Nuclear Power Corporation of India Limited (NPCIL), which they signed in January 2009, involves uranium supplies that total 2,100 tonnes.

The subsequent agreement, which was established in July 2015, committed to delivering 5,000 tonnes of uranium between 2015 and 2019. The current contract maintains this pattern because it will provide India with dependable uranium supplies, which will enable its nuclear energy program to expand as part of its clean energy and energy security plans.

Kazatomprom, which the Kazakh government controls, operates uranium mines and processes rare metals while producing and selling beryllium and tantalum products. The company exports 100 percent of its products globally.

The ownership structure of the company includes Samruk-Kazyna, which is Kazakhstan's sovereign wealth fund, as the majority owner with 62.99 percent of shares, and the Ministry of Finance, which holds 12.01 percent while 25 percent of shares exist as free float.

The renewed uranium supply agreement will deliver continuous fuel support for India's nuclear development program, which demonstrates the strategic energy relationship between India and Kazakhstan while aiding sustainable energy progress.