India may join Russia in establishing Angarsk nuclear

Uranium Investing

RIA Novosti reports India’s Atomic Energy Research Commission says it may join Russia’s nuclear center of a low-enriched uranium reserves project in Angarsk.
Russia’s state-run nuclear power corporation Rosatom said on Monday that Russia would provide by the end of 2010 the first batch of low-enriched uranium for an international nuclear fuel reserve bank under the control of […]

RIA Novosti reports India’s Atomic Energy Research Commission says it may join Russia’s nuclear center of a low-enriched uranium reserves project in Angarsk.

Russia’s state-run nuclear power corporation Rosatom said on Monday that Russia would provide by the end of 2010 the first batch of low-enriched uranium for an international nuclear fuel reserve bank under the control of the UN nuclear watchdog.

Banerjee said India considers the participation in the project to be an “attractive” possibility, however he added that it “requires a very detailed techno commercial dealings which have not been completed.”

“We have to evaluate the facility, and economics here comes as a major factor,” Banerjee said. “It is not just a political arrangement, so I cannot straight away say that India is joining just now, but India has a capability of joining as an equal partner in some of these activities.”

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