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The Forum > Article Comments > Premier's nuclear push is proof of a government in meltdown > Comments

Premier's nuclear push is proof of a government in meltdown : Comments

By Mia Pepper, published 12/12/2016

This debate has been had repeatedly and the answer is always the same. It is time to put this tired talking point to bed and get on with the energy transition we can no longer ignore.

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Not a surprise that VK3AUU has found that the South Australian Nuclear Fuel Chain Royal Commission (NFCRC) actually did, if rather quietly, find that nuclear energy had that "potential after 2030" for South Australia.

In the "half truths and lies" department, I think that the NFCRC is the real leader. The whole ill-fated, and ill-advised campaign by the NFCRC was directed by the nuclear lobby. Ostensibly they spruiked the (supposed) bonanza to be gained by importing nuclear wastes. Underneath that, the almost completely hidden agenda - the waste dump as a necessary precondition for kickstarting the. "new nuclear" industry. http://www.onlineopinion.com.au/view.asp?article=18465&page=1
Posted by ChristinaMac1, Monday, 19 December 2016 12:02:27 PM
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WILL SOMEONE PLEASE ANSWER THE QUESTION ?
If we do not use coal, gas or oil what do we use for a system with
the reliability we now have ?
Posted by Bazz, Monday, 19 December 2016 2:04:24 PM
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Noel,

The area chosen for nuclear waste in SA is solid impermeable granite with little to no rain or groundwater, where nuclear waste could be stored for millennia with infinitesimally small risk of contamination. The $bns of dollars gained from putting stable glassified radioactive materials in a hole in the ground is like printing money.

The anti nuke campaign is as emotionally driven and fact free as the anti vax campaign, as nuclear power is demonstrably the safest source of electrical generation with more people killed in a plane crash than have died in the nuclear industry worldwide in half a century.

The vastly different results from the RC based on expert testimony and the preordained result from nauseatingly ignorant citizens' jury is testament to the power of emotion over reason.

The most successful country in the world with respect to climate change is France with 80% nuclear generation and reprocessing of waste.
Posted by Shadow Minister, Monday, 19 December 2016 2:59:40 PM
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French nuclear industry in chaos. French taxpayers face huge nuclear bill as EDF financial crisis deepens,

Nuclear giant EDF could be heading towards bankruptcy, writes Paul Brown, as it faces a perfect storm of under-estimated costs for decommissioning, waste disposal and Hinkley C. Meanwhile income from power sales is lagging behind costs, and 17 of its reactors are off-line for safety tests.

The liabilities of Électricité de France (EDF) – the biggest electricity supplier in Europe, with 39 million customers – are increasing so fast that they will soon exceed its assets, according a report by an independent equity research company,
Bankruptcy for EDF seems inevitable ....http://www.theecologist.org/News/news_analysis/2988433/french_taxpayers_face_huge_nuclear_bill_as_edf_financial_crisis_deepens.html
Posted by ChristinaMac1, Monday, 19 December 2016 3:59:54 PM
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Noel,

What drivel, a bunch of greenies dreaming up "liabilities". Most of the French reactors have many decades to run, and even when the reactors need to be de commissioned, most of the containment facilities can be reused.

Secondly the cost of power in France is negotiated to give EDF a reasonable profit, and it does so at half the price of Germany or Denmark who are reliant on wind and solar.

According to EDF's balance sheet, their debt is decreasing, and the Eur 36bn they owe now is a fraction of value of their assets.

https://www.edf.fr/en/the-edf-group/dedicated-sections/finance/investors-analysts/credits/net-financial-debt-and-cash-flow

"The Group’s net financial debt was €36.2 billion at 30 June 2016 compared to €37.4 billion on 31 December 2015. This decrease of €1,187 million was mainly due to a positive Group cash flow (+€107 million) and to a favourable currency effect (+€1,036 million) due to the depreciation of the exchange rate of the pound sterling. The net financial debt/EBITDA ratio was 2.1x at 30 June 2016, stable compared to 31 December 2015 and within the 2x to 2.5x range set by the Group for the 2016 fiscal year."
Posted by Shadow Minister, Tuesday, 20 December 2016 6:07:54 PM
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