Friday, December 29, 2006

Australia to build nuclear power plants !

Prime Minister Howard announced that Australia should join other countries in operating nuclear power plants. The cost of electricity from nuclear power plants are initially high, he said, but in the long run they should become cheaper.

Thus Australia, the biggest exporter of coal for power production and the country with one of the largest resources of uranium in the world, will after all build and operate nuclear power plants. This move will make the country's power system become more optimal, since cheaper nuclear electricity will take up the base load and the more expensive coal electricity will take up the variable load. More coal will be exported and increased value added will be accrued from exploiting uranium resources.