'Strategic Uranium Reserve' : India is going purchase more uranium to meet the shortfall

Highlights:

  • India is working on creating a 'strategic uranium reserve' to ensure its atomic power reactors and not to face shortage of the crucial nuclear fuel.
  • India is looking at importing about 2,000 tonnes of uranium by 2014 from Uzbekistan, which has 1,85,800 tonnes of proven uranium deposits.
  • The reserve pool could be anywhere between 5000 MT to 15,000 MT which can last for 5-10 years.
  • A proposal for stocking 5000 MT of uranium has been sent to the Cabinet for approval but the cap is likely to increase in the coming years.
  • Over the past one year, India has been pursuing its case to buy uranium from different countries including Australia and Canada.
  • It is also procuring uranium from Russia for its indigenous reactors.
  • During Prime Minister Narendra Modi's visit to Kazakhstan last week, India renewed a contract with the Central Asian country to procure 5000 MT of uranium.
  • After Hyderabad another Nuclear Fuel Complex is coming up in Kota in Rajasthan.
  • Indian reactors had been "under-performing" as they did not get enough fuel from the outside world prior to the historic Indo-US nuclear cooperation agreement due to sanctions.
  • However, since its inception, India has started importing uranium from Russia, Uzbekistan, Kazakhstan and France.
  • In a major milestone, India this year registered a record production of over 1,252 MT of uranium.
  • The production has far exceeded the country's annual fuel requirement of 650 MT for the Pressurised Heavy Water Reactors (PHWRs), which means the country has surplus nuclear fuel that will last several months.
  • Every 700 MW of reactor needs 125 MT of uranium every year.
  • However, with the rising number of power reactors in the country, the demand is expected to rise. In the near future, two nuclear reactors of 700 MW each in Rajasthan Atomic Power Station (RAPS) and Kakrapar Atomic Power Station (KAPS) are coming up.
  • Four atomic reactors of 700 MW each are also coming up at the Gorakhpur Haryana Anu Vidyut Pariyojana (GHAVP).
  • Fuel for Kudankulam plant in Tamil Nadu and Jaitapur in Maharashtra, coming up in collaboration with Russia and France respectively, will be made available by the foreign players.