What’s the best country to build a new nuclear power station?
If you’re like most Australians, you’ve probably considered either the United States, the United Kingdom or Germany.
All of them are the world’s biggest economies and they all have reactors.
But they have the advantage of being the ones that have been operating for the longest, meaning they’ve been able to invest heavily in their technology and build new facilities to support them for decades.
It is this history that has kept these countries in the race to build new reactors in the absence of any significant outside investment.
They have also had the luxury of not being part of a US-led nuclear weapons race with Russia, China or Iran, which have all been keen to have the bomb and develop nuclear weapons.
However, these nations have also been the countries with the most stringent regulatory regimes, which means they are still in the hunt to become the first countries in history to start construction of a nuclear plant.
While the United Arab Emirates, Saudi Arabia and Israel are all now under the US-backed Arab Nuclear Forces, Australia is still stuck in a race to the bottom.
And even though Australia’s nuclear industry has grown steadily over the last decade, it still lags behind its rivals in terms of the amount of nuclear fuel that it can produce, its fuel cycle time and its safety record.
It has also been a long time since the United Nations last held a major conference on nuclear power and the countries have been in a slow slide towards a more peaceful nuclear energy future.
The Australian government has said that it is keen to continue to play a leading role in the world community’s efforts to develop a safer, more stable and affordable nuclear energy system, but it will have to take a much tougher approach in the next few years.
Australia’s nuclear energy sector will be more than 60 per cent full in 2023.
Australia is in the midst of a massive $20 billion refurbishment of its nuclear power plants.
In the meantime, its reactors are under a huge amount of scrutiny.
The Australian Government has said it will spend $8.6 billion on new reactors over the next decade.
The rest will be spent on upgrading existing reactors and building new ones.
The first phase of the refurbishment will begin in 2020 and the second phase is expected to begin in 2022.
The upgrades will involve building new steam turbines, cooling towers, new fuel storage tanks, new nuclear reactor control and reactor control centre facilities and upgrading existing reactor fuel supply systems.
The cost of the new reactors will be about $4.8 billion.
If the new projects are successful, the new capacity at the start of the decade will be close to 100GW, which is the equivalent of about three nuclear reactors for each gigawatt hour of electricity generated.
That means that by 2023, Australia will have enough fuel for about half of its current needs, meaning that its nuclear fleet will have a capacity of around 600MW.
Although the government has invested heavily in nuclear, its own research and development is being scaled back.
In 2017, the government cut funding for its flagship Advanced Energy Technology Vehicle (AETV) program, which aims to build and operate two nuclear power stations by 2025.
The AETV program is expected take about two years to build, which will have implications for the viability of new projects.
It is also a matter of concern that Australia is not at the forefront of the global nuclear power race.
Australia’s only new nuclear plant is at a site in Queensland, but the rest of the country is competing with Japan and China for nuclear power.
What you need to know about nuclear power: