The International Atomic Energy Agency (IAEA) decided to open the Low Enriched Uranium Bank in Kazakhstan. The IAEA opened the bank to ensure the supply of nuclear fuel in the event of disruption due to political or market problems.
The reserve opened will store 90 tons of Low-Enriched Uranium (LEU), the essential ingredient needed to make the fuel for light-water nuclear reactors, which generate electricity.
Important Takeaways from Above News-
- The IAEA is an international organization that seeks to promote the peaceful use of nuclear energy.
- The agency was established as an autonomous organization in 1957.
- It is headquartered in Vienna.
Source- Business Standard