Cameco Corporation has announced an anticipated increase in their share of adjusted EBITDA from Westinghouse Electric Company by approximately $170 million (US) in 2025. This increase is linked to Westinghouse's role in constructing two nuclear reactors at the Dukovany power plant in the Czech Republic. In addition to the adjusted EBITDA growth, Westinghouse is expected to gain significant financial benefits as a subcontractor, particularly in providing fuel fabrication services for the reactors. Cameco holds a 49% ownership in Westinghouse, with the remaining 51% owned by Brookfield Renewable Partners. The outlook for Westinghouse's compound annual growth rate for adjusted EBITDA is projected to be between 6% and 10% over the next five years, excluding this expected increase in 2025.
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