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Title page 1

Contents 3

Terms of reference 5

Members 8

1. Introduction 9

Context of the inquiry 10

Key issues 10

Current legal status and previous inquiries into nuclear power generation in Australia 13

Conduct of the inquiry 14

Processing the evidence 14

Acknowledgements 15

Structure of report 15

2. Timeframes for nuclear power generation in Australia 16

Deployment timeframe milestones and estimates 17

End-to-end estimates 17

Pre-construction timeframe challenges for Australia 18

Construction timeframe challenges for Australia 27

A history of delays 33

Implications of nuclear deployment timeframes on critical climate and industrial reforms 34

Nuclear 'not a timely or practical solution' for emissions reduction in Australia 34

Barriers to the redeployment of the coal workforce to nuclear power plants 37

Committee comment 38

3. Cost of nuclear power generation in Australia 40

Cost estimates and influencing factors 40

Deployment cost estimates 40

Factors impacting on cost estimates for Australia 46

History of cost blowouts for nuclear builds 51

Estimates do not account for other critical costs 53

Private sector investment in nuclear power generation 55

Committee Comment 57

Appendixes 58

A. Submissions and additional information 58

B. Hearings and witnesses 95

Coalition Members' Dissenting Report 109

Additional Comments from Dr Monique Ryan MP 144

Figures 4

Figure 1.1. Key facts and figures for the 'Step Change' scenario 11

Figure 3.1. Nuclear reactor generation and cost 43

Figure 3.2. Comparative cost per megawatt hour of different energy technologies 44

Figure 3.3. Increase in typical household electricity bill to recover cost of nuclear plants based on different countries' experience (AUD/year) 45

Figure 3.4. Nuclear cost overruns 52

Text Boxes 4

Box 2.1. GenCost 2023-24 timeframes 18

Box 3.1. GenCost 2023-2024 costings 41