Wednesday, December 31, 2014

Uranium Import | Nuclear Energy

There has been increase in the demand for electricity due to
various factors including rising demand from manufacturing and domestic sector,
and increased rural connectivity. Nuclear energy is gaining importance over the
years as the supply of fossil fuels is not only limited but they also cause environmental
pollution.
Country’s uranium reserves are small and thus have to depend
on imports. Besides, the quality of uranium ore is low which is resulting in
escalation of costs. This has resulted in the demand-supply mismatch. Country is
trying to overcome this mismatch by importing uranium fuel.
As India is not a
signatory to Nuclear Non-Proliferation Treaty, India was kept out of trade in
nuclear materials till 2008, when Indo-US civil nuclear deal was signed which
removed restrictions on the sale of nuclear equipments to India. Since then
many countries have come forward to sell nuclear fuel to India and India has
signed nuclear cooperation agreements with countries such as Canada, France,
South Korea, the UK, and recently with Australia.
Nuclear energy is cheap and clean source of energy. With advancements
in technology, the fuel has become safe. India which has sufficient expertise
in the operation of nuclear reactors has
to take measures to promote the energy with sufficient care.

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