Cameco hopes to supply uranium to India


Substation Relay Protection Training

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$699
Coupon Price:
$599
Reserve Your Seat Today

Cameco-India Uranium Export Deal advances as Canada negotiates long-term nuclear fuel supply, supporting India's civilian nuclear power, clean energy goals and reactor fleet, enhancing energy security with over seven million pounds and decades of deliveries.

 

Top Insights

A pending agreement to supply seven million pounds of uranium to India's reactors, ensuring long-term clean energy.

  • Over seven million pounds of uranium slated for export
  • Canada and India negotiating the agreement for over a year
  • Long-term fuel supply framework spanning multiple decades

 

Saskatoon-based uranium miner Cameco Corp. says a multimillion-dollar deal is in the works to supply its product to India for nuclear power plants.

 

Cameco calls itself the world's largest supplier of uranium.

CEO Jerry Grandey told CBC News that negotiations for an Canada-India nuclear deal have been underway between authorities in Canada and India for more than a year and an order for more than seven million pounds of uranium is imminent.

"One of the interesting things is that India, of course, has got a very ambitious civilian nuclear power program and they have shortage of uranium within the country," Grandey told CBC News in an interview. "So they've been quite eager to establish a long-term relationship with a supplier like Cameco so that we can — over many decades — supply them the fuel that they need."

The company released financial figures for its third quarter as a boom for Canadian uranium appears possible, and Grandey said the company "remains on target for another strong year in revenue and cash flow."

He said the world is "energy-hungry" and, with nations rushing to lock in uranium deals across global markets today, electricity generated by nuclear reactors has a positive outlook.

Related News

Berlin Geothermal Plant in El Salvador Set to Launch This Year

El Salvador Geothermal Expansion boosts renewable energy with a 7 MW Berlin binary ORC plant,…
View more

Global push needed to ensure "clean, affordable and sustainable electricity" for all

SDG7 Energy Progress Report assesses global energy access, renewables, clean cooking, and efficiency, citing COVID-19…
View more

California's future with income-based flat-fee utility bills is getting closer

California Income-Based Utility Fees would overhaul electricity bills as CPUC weighs fixed charges tied to…
View more

Macron: France, Germany to provide each other with gas, electricity, to weather crisis

France-Germany Energy Solidarity underscores EU energy crisis cooperation: gas supply swaps, electricity imports, price cap…
View more

New bill would close loophole that left hundreds of Kentucky miners with cold checks

Kentucky Coal Wage Protection Bill strengthens performance bond enforcement, links Energy and Environment Cabinet and…
View more

N.L. premier says Muskrat Falls costs are too great for optimism about benefits

Muskrat Falls financial impact highlights a hydro megaproject's cost overruns, rate mitigation challenges, and inquiry…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified