Coalition reveals its nuclear energy policy

TED O'BRIEN, SHADOW MINISTER FOR CLIMATE CHANGE AND ENERGY: This is the natural next step for us as a nuclear nation.

PETER DUTTON: Whatever it might be that we believe would be the best for each of those sites, we will have those discussions in due course. PETER DUTTON: We will work with the companies, the owners of the sites, and if we find a situation where we apply a national interest test and we require that site to be part of the national grid then the legal advice that we have is that the Commonwealth has ample power to compulsorily acquire that site with just compensation, but our desire is to work with the companies and we will.

SARAH FERGUSON: Ted O'Brien is the Shadow Minister for Energy and Climate Change. He joins me now. Ted O'Brien, welcome back to 7.30.SARAH FERGUSON: Now you say you're going to build seven nuclear reactors. You have announced the locations, but you have no idea how much it is going to cost and very little idea it seems of the timetable for their construction. Is that correct?

SARAH FERGUSON: Well, let me ask you this because in April Peter Dutton said that Rolls-Royce could build, he claimed, a small modular reactor for between $3.5 and $5 billion. He had those figures then. So why aren't you using those figures today? TED O'BRIEN: No, I disagree with that because actually there is. We have already put out a lot of the policy today.

TED O'BRIEN: Unless the reports out of China are incorrect, but yes. But the point is we won't be for a moment thinking about making an order if it be small modular reactors today. Now if you are suggesting that in fact GE Hitachi isn't actually developing that after all, Ontario didn't actually make the decision or that it is not happening, that is okay.

TED O'BRIEN: No, he didn't. He used it as an example, not as a preferred. As an example he referred to the APR-1400s which is a South Korean model and also Westinghouse AP-1000.SARAH FERGUSON: Yes, yes but he is the Leader of the Opposition, he obviously referenced it with meaning and knowing what he was doing.SARAH FERGUSON: Let me go to the question. This is a company which went bankrupt in 2017 precisely because of massive cost over-runs building nuclear plants.

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