Skip to main content

Australia Nuclear Update

From the Sydney Morning Herald:
Prime Minister John Howard backed nuclear power for Australia provided it was economically feasible.

"I am of the view that we certainly should not turn our face against it as Mr Beazley has done. I can't understand why he did that," he told Southern Cross Radio in Melbourne.

"I am not saying that we should have it tomorrow. What I am saying is that if the economics of energy lead us to embracing nuclear power than we should be willing to do so."
For more coverage, click here and here.

Technorati tags: , , , , , , ,

Comments

Matthew66 said…
As an expat Australian, I am glad that the Australian community is having this debate. I fear that as long as the coal burning power industry does not have to pay for the isolation of all hazardous waste from the environment, then nuclear energy will not be cost competitive with coal in Australia. In Australia, coal is plentiful and located very close to where it is needed for power generation, typically a coal mine and a power station are co-located, so there are no transportation costs.

I really get tired of Senator Lyn Allison saying that nuclear power is expensive and dangerous. In the USA and UK in the 70's and 80's there were huge construction cost overruns, but I don't believe that has been repeated in many other countries. If the GE and Westinghouse experience in Asia is anything to go by, NPPs can be built on schedule and on budget. Compared to the number of people killed by inhaling fumes from coal fired power stations, coal mining and exploding gas mains, claims that nuclear power is "dangerous" are refuted by the empirical evidence.

The Australian Democrats, the Greens and the Australian Labor Party have a long standing prejudice against nuclear power that is not, in my opinion, supported by scientific evidence.
Anonymous said…
Australia has got one of the highest per capita CO2 emissions in the world, and due to the prolomged severe drought they need even more power for desalinzation.

Going nuclear is the only responsible and realistic option.
Anonymous said…
That said, while Australia retains its current policies with respect to carbon emissions it's unlikely any nuclear plants will be built in the near future. When you've got enormous reserves of coal located near the major cities, and there's no serious attempt to reduce carbon emissions, Australia is about the most difficult place in the world for nuclear to compete economically. In Victoria, where I live, the "pool price" wholesale electricity is about 0.028 AUD per kilowatt hour, or about 2.07 us cents per kilowatt hour.

Without some changes to the market, it may be kind of difficult for new nuclear build to be feasible. As I understand it, it's difficult getting *any* new plants built at those kind of prices ;)

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

What Happens During a Refueling Outage?

You may have noticed over the past few weeks that a number of nuclear plants are shut down for refueling outages or are resuming operations after just returning from one. This type of routine outage usually occurs in the spring or fall when electricity demand is low so that nuclear reactors can replace about one-third of the spent fuel rods with new fuel and conduct other routine maintenance and repairs at the plant. To get a better sense of how refueling works at a nuclear energy facility, I spoke with Marcus Nichol, NEI’s senior project manager for used fuel storage and transportation, and asked him to explain the basics. Why does a nuclear plant need to replace one-third of its fuel? Nichol: The main purpose of a refueling outage is to replace older fuel that is depleted—meaning it can no longer efficiently produce energy from nuclear fission reactions—with new fuel. This “used fuel” has typically been used in the reactor for four-and-a-half to six years before it is pe...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...