Hyderabad: India is exploring opportunities to own uranium mining assets overseas and looking forward to have long-term contract for the supply of fuel to run its nuclear plants, a senior official said on Friday.

"After the opening of the International Civil Nuclear Cooperation, opportunity to own assets as well as opportunity to enter long-term contract for supply of uranium mines has opened up. It is our policy to look for those opportunities and we are exploring such opportunities," Bhabha Atomic Research Centre (BARC) Director R K Sinha told reporters on the sidelines of the 22nd National Annual Conference of Indian Nuclear Society (INS) here.

Replying to a query, he said, "We are operating in safe guarded reactors. The nuclear plants in Rajasthan are running on fuel material which has been imported. Already we have the advantage of getting fuel supply including for Tarapur nuclear power plant."

"With reactors under safeguard we have an opportunity to import fuel from outside and in the new scenario there is further opportunity to own assets as well as long-term supply commitments," Sinha said.

Reacting to another query on timeframe to acquire uranium mines, Sinha said, "It’s on the agenda and no time frame can be given."

(Agencies)