Replacing coal-fired power stations with small nuclear reactors would cost $387 billion, Chris Bowen says, but that assumes no role for private enterprise.
Climate Change Minister Chris Bowen says replacing Australia’s coal-fired power stations with small modular nuclear reactors would cost taxpayers $387 billion, suggesting the option would not get backing from industry.
The debate over whether Australia should adopt nuclear power as part of its push to decarbonise the grid gained heat this year after opposition energy spokesmanMr Bowen and Labor are fierce opponents, citing the high cost of nuclear as the No.1 issue. That figure includes “integration costs” such as extra transmission, storage and gas “peaking” capacity to offset renewables “droughts”.By comparison, the CSIRO/AEMO analysis concluded that SMRs would cost between $200 and $350 per MWh.
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