Cameco and Brookfield Partner with US Government to Accelerate Westinghouse Nuclear Reactor Deployment
Reuters
Nov 01
Cameco and <a href="https://laohu8.com/S/BN">Brookfield</a> Partner with US Government to Accelerate Westinghouse Nuclear Reactor Deployment
Cameco Corporation has announced a strategic partnership with Brookfield Asset Management and the United States Department of Commerce to accelerate the deployment of Westinghouse Electric Company's nuclear reactor technologies. Under the agreement, the US Government will arrange financing and facilitate permitting and approvals for new Westinghouse nuclear reactors to be constructed in the United States, representing an aggregate investment value of at least US$80 billion. Cameco holds a 49% interest in Westinghouse through its partnership with Brookfield. The parties are expected to negotiate definitive agreements to replace the current binding term sheet, with the initiative subject to regulatory approvals and customary conditions.
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