Australian news, and some related international items

More worrying aspects of the Nuclear Royal Commission’s Final Recommendations

scrutiny-on-costsThere is no existing market to ascertain the price that a customer may be willing to pay for the permanent disposal of used fuel.(CH 5 p 93)

The Commission is very vague on the nature of the public- private partnership that will pay for the capital costs of AS 41$billion (Ch 5 p.100)

The revenue would be paid on delivery of wastes to a South Australian port. That will be after the 20 – 30 years it will take to construct the facility, plus 10 years after the project begins operation.-

“a pre-commitment before project commencement would provide added assurance that capital costs are fully covered before construction began” (But after a commitment 40 years before, a foreign nuclear company could have gone bankrupt” (Ch 5 p. 100 -102)  Finland.

May 23, 2016 - Posted by | NUCLEAR ROYAL COMMISSION 2016

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