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Australia signs deal to export uranium to India for nuclear power

Left panel: Indian Prime Minister Narendra Modi in a white kurta and dark vest shakes hands with a suited man in front of flags. Right panel: Modi and a man in a suit raise their clasped hands in celebration on a stadium field.

Australian Prime Minister Anthony Albanese and visiting Indian counterpart Narendra Modi have signed an agreement to export uranium to India for nuclear power.

Mr Albanese confirmed the signing of the Administrative Arrangement during the Third Australia-India Annual Summit in Melbourne on Friday, where the leaders also reaffirmed cooperation on critical minerals, energy security, supply chain resilience, education, and “people-to-people links”.

“Today, we can confirm the signing of the arrangement to enable uranium exports to India for peaceful purposes under the 2015 Australia-India Nuclear Cooperation Agreement,” Mr Albanese said.

“The arrangement facilitates Australian uranium exports to India to help increase the share of non-fossil fuel power capacity, providing an additional market for the Australian resources sector.”

Mr Modi also welcomed the deal, calling it an “important agreement”.

“This will pave the way for uranium supplies from Australia to India and give our clean energy objectives fresh momentum,” he said.

India is attempting to meet a target of 100 gigawatts of nuclear energy capacity by 2047 and has 23 reactors with eight under construction, while Australian uranium reserves make up about 28% of the world’s supply.

The deal comes despite Australia continuing to ban nuclear power generation domestically while exporting all its uranium to countries like India that rely heavily on nuclear power for reliable electricity.

Labor and the Greens have strongly opposed nuclear power, pushing instead for “net zero” targets based heavily on wind and solar, much of which is manufactured in China and aligned with United Nations sustainable development goals.

The two prime ministers also appeared at a sold-out Melbourne Meets Modi event at Marvel Stadium on Thursday afternoon, sparking a protest by patriots who said Australia’s relationship with India came at the expense of Australian sovereignty.

Organiser Hugh Lennon warned in a speech that basing the relationship around “people-to-people links” had resulted in excessive levels of mass immigration, with Indians now the largest overseas-born group, and was “turning Australia into India”.

Header image: Left, right, Mr Albanese and Mr Modi on Thursday (Narendra Modi – Facebook).

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