Cash splash for nuclear towns under Coalition plan

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Cash splash for nuclear towns under Coalition plan
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Energy Minister Chris Bowen was invited to speak at a conference, but opposition spokesman Ted O’Brien claims he was blocked from speaking. Here is what he wanted to say.

, as it pledges a government-backed managed investment fund propped up by profits from its proposed power plants.

In his draft speech given to this masthead, O’Brien claimed the plants would supply the “cheapest electricity in the nation” for firms in industrial zones, which would attract a wave of investment to build facilities, grow the workforce and drive regional population growth. The Coalition has pledged to build the first two nuclear plants by 2037, with all seven completed by 2050. The sites have been selected to tap into existing transmission line infrastructure once the existing coal plants reach the end of their life.

“They want to stop investment, stop jobs, and stop benefits in favour of waiting for a nuclear fantasy that may never come true,” he said.

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