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India-Kazakhstan Sign N-Pact on Uranium Supply & Mining

kazakhstan presidentIndia and Kazakhstan signed a significant agreement on the supply of much-needed uranium, the crucial input for this country’s ambitious plan to step up nuclear power generation.

The pact, one of the five agreements the two countries have inked envisages comprehensive cooperation that includes an invitation by Kazakhstan to India to join in uranium exploration in the former.

The pacts were signed by President Pratibha Patil and the visiting Kazakhstan President Nursultan Nazarbayev on 24 January, 2009 in New Delhi. During President Nazarbayev’s four-day visit to India, he was the chief guest at the Republic Day parade on 26 January in the Indian capital.

The pacts were among a group of agreements signed here during the visit of President Nursultan Nazarbayev. President Pratibha Patil was present on the occasion as External Affairs Minister Pranab Mukherjee his Kazhakstan counterpart, Marat Tazhin signed the extradition treaty.

Under the nuclear agreement, Kazakhstan will supply uranium to India under terms and conditions that would be discussed and decided later. “It is a big step forward towards achieving our targets for generating nearly 30,000 MWe of nuclear power by 2020. This is a historic agreement between the two nations and would strengthen ties and bilateral cooperation,” Minister of State for Commerce and Power Jairam Ramesh, said.

It was decided that both countries would formulate a comprehensive agreement at a later stage for cooperation in civil nuclear energy area. Kazakhstan also expressed keen interest in purchasing nuclear reactors from India in the near future. Kazakhstan invited Indian companies and government to join hands for uranium mining in its country and provide necessary expertise for the same.

India and Kazakhstan underline the importance of nuclear energy as a clean and safe source of energy requirements and welcome the recent decision taken by the Nuclear Suppliers Group (NSG) on civil nuclear cooperation with India. They note with satisfaction the ongoing cooperation in the implementation of the Kudankualm Nuclear Power Project. The two sides agreed to collaborate in setting-up of additional units of the project on the basis of the present agreement between the two governments.

Both countries also signed a protocol on the accession of Kazhakstan to the World Trade Organization (WTO). India extended its full support to Kazakhstan for its accession to the WTO as the latter completed bilateral WTO-related talks with 22 countries. Indian Minister Ramesh, signed the agreement on the WTO accession.

Two Memoranda of Understanding (MoUs) between the Indian Space Research Organization and National Space Agency of Kazakhstan and between ONGC Mittal Energy Ltd and National Company were also signed.  KazMunai .