Company Forms to Build Australia's First Nuclear Power Plant

THREE of Australia's richest men have formed a private company to set up the first nuclear power plant in the country, with South Australia and Victoria identified as potential locations.

Former SA Economic Development Board chairman Robert de Crespigny and business identities Hugh Morgan and Ron Walker are the key shareholders of a company called Australian Nuclear Energy Pty Ltd.

Mr Morgan, the former head of previous Olympic Dam uranium mine owner Western Mining, is chairman of the venture and owns 20 per cent of the company.

Mr de Crespigny and his close friend Mr Walker each hold a 40 per cent stake in the business.

The trio are examining the viability of setting up a nuclear plant at sites in South Australia or Victoria. A source close to the business partners told The Advertiser the company had raised its plans with the Federal Government and the Rann and Bracks governments.

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A Design Team Pictures the Future of Nuclear Energy

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In the converted mill, high temperat…

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Sneak Peek

There's an invisible force powering and propelling our way of life.
It's all around us. You can't feel it. Smell it. Or taste it.
But it's there all the same. And if you look close enough, you can see all the amazing and wondrous things it does.
It not only powers our cities and towns.
And all the high-tech things we love.
It gives us the power to invent.
To explore.
To discover.
To create advanced technologies.
This invisible force creates jobs out of thin air.
It adds billions to our economy.
It's on even when we're not.
And stays on no matter what Mother Nature throws at it.
This invisible force takes us to the outer reaches of outer space.
And to the very depths of our oceans.
It brings us together. And it makes us better.
And most importantly, it has the power to do all this in our lifetime while barely leaving a trace.
Some people might say it's kind of unbelievable.
They wonder, what is this new power that does all these extraordinary things?

NEI Nuclear Notes

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