SA nuclear inquiry backs waste dump South Australia should take the world’s nuclear waste in
exchange for billions of dollars in revenue and thousands of jobs, the state’s nuclear royal commission has found.
But it would not be viable for SA to host a nuclear power plant or to expand into fuel processing in the foreseeable future.
The waste would then be stored deep underground in purpose-built canisters.
A storage and disposal facility with a capacity of 138,000 tonnes – or about 13 per cent of the world’s projected used fuel inventory – would generate more than $257 billion in revenue over its 120-year lifespan.
Total costs for the facility would reach $145 billion, including the construction of a dedicated port facility, airport and freight rail line, independent modelling shows.
The report assumes it would take 25 years to build the facility, with employment peaking at up to 5000 jobs before tailing off to 600 during operations.
A waste and storage facility could generate more than $5 billion in annual revenue before the yearly waste intake peaks after 30 years and concludes after 70 years.
The commission has also proposed the creation of a state wealth fund in which all profits and a portion of gross revenue would be invested.
Mr Scarce said waste storage presented significant opportunities for the SA economy.
……Any move to embrace nuclear storage would require changes to state and federal legislation.
The commission found that it would not be commercially viable for SA to generate electricity from a nuclear power plant or develop uranium processing facilities.
But the state should still prepare for the possibility of sourcing nuclear power……..http://www.9news.com.au/national/2016/02/15/03/33/sa-nuclear-inquiry-to-present-findings