Will Australia supply the fuel?

  1. 7,867 Posts.
    Or will Australia finally start using that gift of a resource
    for its own benefit? Or both?

    https://www.washingtonexaminer.com/...tor-in-arab-nation-cleared-to-begin-operation
    First nuclear reactor in Arab nation cleared to begin operation

    by Zachary Halaschak | February 17, 2020 04:43 PM

    The United Arab Emirates passed the final hurdle in its lengthy quest to be the first Arab nation with a nuclear power plant.
    The UAE's nuclear regulator on Monday cleared the Barakah reactor to start loading fuel and begin commercial use in the coming months, according to Bloomberg.
    The country is set to become the first Arab state to achieve nuclear energy and will
    join 30 other countries in using the clean, although controversial, form of energy.

    Barakah is part of a joint venture with Korea Electric Power Corp, and the oil-wealthy Arab country has plans for more such reactors. The UAE hopes to have four, including Barakah, up and running by 2023.

    The total cost to build the reactors is estimated to be around $25 billion, and they are expected to compose almost a fifth of UAE's current installed generating capacity.

    Mycle Schneider, an independent analyst, questioned the efficacy of the ambitious project as the cost of producing nuclear power has grown 26% over the past decade.
    “Barakah was meant to be the showcase for the international nuclear industry,” Schneider said.
    “Grid connection is at least three years late, and there is no doubt that it is way over budget.”
    -------------------------------------------------------
    Analyst, schmanalyst.
    Seems that's what he is paid for; a mostly negative report.
    Nuclear energy is the go for some 30 countries already.

    Cheers,
 
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