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You used the word "should" there, which means the answer is subject to debate. In principle, there's no technically compelling reason the waste site has to be near the generating site, though it does simplify security to some extent (the generating site has to be secure anyway, and it eliminates transportation issues).

Politically, however... most places don't really want to feel like they're someplace else's dumping ground, so the citizens may be reluctant to accept a distant location's waste. If the generating station is already generating power that's mainly being sent somewhere else, then storing the waste there also is adding insult to injury.

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