A new deal gives Delhi access to the world’s largest known uranium reserves for ‘peaceful’ use, advancing its nuclear energy goals
While few details were immediately available – such as the volumes to be supplied – the pact is expected to play a role in supporting India’s plan to expand nuclear capacity to 100 gigawatts by 2047, up from about 8GW today.
India lacks sufficient domestic uranium to meet its long-term nuclear ambitions, forcing heavy reliance on imports, according to the World Nuclear Association.
Australia had previously refused to sell uranium to India because Delhi is not a signatory to the Nuclear Non-Proliferation Treaty, which is designed to prevent the spread of nuclear weapons.