India currently has 21 power reactors in operation, with another six under construction and scheduled to start up over the next four years.
Canada has sent the first uranium consignment of 250 tonnes to India for its nuclear power reactors, over two years after the civil nuclear deal signed between the two countries came into force.
"The first lot of 250 tonnes of Canadian uranium has been received in India," a senior government official said.
In April, Cameco signed a uranium supply contract with India after the nuclear cooperation agreement between Canada and India came into force in September 2013.
According to the Canadian government, the contract to supply 7.1 million pounds of uranium concentrate (about 2,730 tonnes uranium) to India's Department of Atomic Energy was worth around Canadian Dollars 350 million ($262 million).
The government of the Canadian province of Saskatchewan yesterday said the shipment consists of uranium mined and milled at Cameo's McArthur River and Key Lake operations in northern Saskatchewan.
Saskatchewan premier Brad Wall said, "India has just received its first shipment of Saskatchewan uranium under the Canada-India nuclear cooperation agreement, and today we mark the economic milestone for our uranium mining industry and our province."
India currently has 21 power reactors in operation, with another six under construction and scheduled to start up over the next four years. The country plans to increase its nuclear generating capacity from the current 5,800 MWe to 27,500 MWe by 2032.