Australia’s $211 billion nuclear plan to change uranium mining
Time
2025-08-15 16:09
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Australia’s opposition leader, Peter Dutton, has unveiled a A$311 billion ($211bn) plan to introduce nuclear power into the country’s energy mix, a proposal that could radically alter the nation’s energy policy and its uranium mining industry.
The scheme, based on an economic modelling by Frontier Economics, proposes the construction of seven nuclear power plants by 2050, with the first expected to start operations by 2036.
If successful, the plan would transform Australia, which is grappling with rising energy demands and the need for more reliable and affordable electricity, into a nuclear-powered nation.
Dutton, leader of the centre-right Liberal Party, has positioned nuclear power as the cornerstone of Australia’s economic future, calling it essential for decarbonizing the grid, lowering energy costs, and ensuring a stable electricity supply.
“Nuclear power will underpin the economic success of our country for the next century,” Dutton said, according to Bloomberg. “This will make electricity reliable. It will make it more consistent. It will make it cheaper for Australians, and it will help us decarbonize.”
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