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Russia will become the first supplier of nuclear fuel to India since a club of uranium producers lifted a three-decade ban on sales to the south Asian country.
A unit of state nuclear corporation Rosatom will sign a contract with Indian atomic energy monopoly Nuclear Power Corporation on Wednesday in Mumbai to deliver 2,000 tons of uranium pellets, both companies said.
India will pay $780 million for the fuel, Rosatom spokesman Sergei Novikov said Friday. "We're very glad that a Russian company will be the first to supply India with low-enriched uranium after the Nuclear Suppliers Group canceled its restrictions," Novikov said.
The 45-member Nuclear Suppliers Group, founded after India detonated a nuclear device in 1974, ended its boycott of the country in September.
India has since signed nuclear accords with the United States, France and Russia.
Russia, India to Sign Nuclear Fuel Deal
09 February 2009
Bloomberg
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