$600BILLION

The cost of building seven reactors under Peter Dutton’s nuclear proposal could be up to $600 billion and “at best” deliver just 3.7 per cent of Australia’s energy mix in 2050, an industry body says.

The coalition has pledged to build the nuclear reactors across five states on the sites of coal-fired power stations if it wins government at the next election.

The costs and details of the plans have remained scant, prompting concerns about safety in regional areas where the reactors are due to be built and the drawn-out 2035 completion date for construction of the first facility.

Using data from the CSIRO’s latest GenCost report and the Australian Energy Market Operator’s Integrated System Plan, the Smart Energy Council estimated the cost to taxpayers to be at least $116 billion.

The cost is the same as delivering 82 per cent renewables by 2030, and an almost 100 per cent renewable energy mix by 2050, including the cost of building all of the enabling transmission infrastructure, the council said.

https://citynews.com.au/2024/duttons-nuclear-build-to-cost-up-to-600-billion/

there are so many guesses, informed or otherwise, about this Lib announcement, not yet a policy, that it seems utterly beyond reason the Lib have left this to waft in the cold winter breezes.

had the Opposition done their homework and diligence on this important proposition they could have avoided a lot of flak. he might even have gained some credibility. as it is? we await the next poll results as the Lib supporters keep saying they're on a winner. haheheha......

the nation might think Dutton has a good idea, but it doesn't convert to votes unless he's believed.