Cameco Corporation Announces Boost in 2025 Earnings from Westinghouse's Dukovany Nuclear Project

Reuters
06-07
Cameco Corporation Announces Boost in 2025 Earnings from Westinghouse's Dukovany Nuclear Project

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cameco Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250606624616) on June 06, 2025, and is solely responsible for the information contained therein.

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