- Cameco (TSX: CCO; NYSE: CCJ) anticipates a $170 million increase in its equity share of Westinghouse's 2025 adjusted EBITDA due to the Dukovany power plant project.
- Westinghouse's compound annual growth rate for adjusted EBITDA is projected to be between 6% and 10% over the next five years.
- Cameco owns a 49% interest in Westinghouse, enhancing its stake in the nuclear power sector.
Cameco Corporation (CCJ, Financial), one of the largest global providers of uranium fuel, has announced an anticipated increase of approximately $170 million (USD) in its 49% equity share of Westinghouse Electric Company’s adjusted EBITDA for the second quarter and annually in 2025. This growth is attributed to Westinghouse's involvement in constructing two nuclear reactors at the Dukovany power plant in the Czech Republic. The expected increase will influence the 2025 distribution payable by Westinghouse to Cameco.
Furthermore, as a subcontractor, Westinghouse is poised to gain significant financial benefits linked to the Dukovany construction project, particularly in providing fuel fabrication services required for the reactors. This aligns with the positive outlook for Westinghouse's compound annual growth rate for adjusted EBITDA, projected to range from 6% to 10% over the coming five years, excluding the $170 million expected boost.
Cameco, headquartered in Saskatoon, Saskatchewan, Canada, maintains a strong market position due to its high-grade uranium reserves and strategic investments in the nuclear fuel cycle. The company, alongside its 51% partner Brookfield Renewable Partners, aims to deliver reliable and carbon-free nuclear power solutions globally through its stake in Westinghouse.
