India’s State Nuclear Firm In Search of Global Uranium Assets

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India's state-owned NTPC Ltd is seeking to acquire uranium mining assets globally to support a substantial expansion of its nuclear power capacity. The firm is issuing tenders to identify opportunities in countries like Australia, Canada, Kazakhstan, and South Africa.

Indian state-owned NTPC Ltd, the biggest utility in the country, is looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capacity. NTPC, currently the only nuclear power generator in the country, has issued a tender to hire consultants to help it identify potential uranium mines in which it could invest in uranium-producing countries, including Australia, Canada, Kazakhstan, and South Africa. Bids are due by July 16, according to the tender document cited by Bloomberg.…