Genesis Technologies (GTE) has announced it will build new reactors at a former nuclear power station in the Australian outback in a move that will create thousands of new jobs.
The company said it was a “first step towards a more sustainable future for Australia’s energy sector”.
“The project will create about 20,000 permanent and seasonal employment in the regional New South Wales region,” the company said in a statement.
The company, which is based in Canberra, will build five reactors at the old Powerhouse Nuclear Generating Station in Western Australia, including one new unit that will have a capacity of up to 30 megawatts. “
The plant will also be the first in Australia to be designed and built in this manner.”
The company, which is based in Canberra, will build five reactors at the old Powerhouse Nuclear Generating Station in Western Australia, including one new unit that will have a capacity of up to 30 megawatts.
Genesos CEO David Groske told the ABC’s RN Breakfast program on Monday that he believed it was the “right thing to do”.
“It will create more jobs and more money for the Australian economy,” he said.
The project will cost about $600 million, with Genesus expecting to begin construction in the third quarter of 2019. “
We will create a new generation of jobs in Australia.”
The project will cost about $600 million, with Genesus expecting to begin construction in the third quarter of 2019.
Genesis has been investing in renewable energy and climate-friendly technology, such as solar and wind power, in recent years.
“There is a lot of potential in the state of Western Australia,” Mr Groski said.
Genesi has also announced it is working with the state’s Department of Energy to provide renewable energy services, as well as helping the local community.
“They have made a commitment to clean up the town of Newstead and their community,” he told RN Breakfast.
“This is going to be a very big deal.”
It was unclear if the proposed nuclear plant would be a single reactor, or the company will build multiple reactors in the future.
It’s not the first time a company has tried to build a nuclear plant in Australia.
Last year, the company announced plans to build two nuclear power plants in Victoria, which were subsequently shut down by regulators.
In the last decade, nuclear power has become an increasingly popular option for Australians as a cleaner, cheaper and more environmentally friendly way to power their homes.
In a report released in February, the National Audit Office of Australia estimated that nuclear power generation would contribute to the country’s carbon emissions by 2023.
The report said there were more than 8,000 nuclear power reactors in operation worldwide.
The ABC has contacted Genesesys for comment.