Cameco Corporation announced an expected increase of approximately $170 million (US) in its 49% equity share of Westinghouse Electric Company’s 2025 second-quarter and annual adjusted EBITDA. This significant boost is directly linked to Westinghouse’s participation in the construction project for two nuclear reactors at the Dukovany power plant in the Czech Republic.
The expected increase in adjusted EBITDA will be factored into the determination of the 2025 distribution payable by Westinghouse to Cameco. Beyond this immediate impact, Westinghouse anticipates substantial financial benefits as a subcontractor over the entire term of the Dukovany construction project, including the provision of fuel fabrication services for both reactors for a specified period.
Despite this substantial increase, the outlook for Westinghouse’s compound annual growth rate for adjusted EBITDA remains a conservative 6% to 10% over the next five years, excluding the impact of this $170 million (US) increase. This indicates that the Dukovany project represents a significant, yet unquantified in the long-term CAGR, upside for Cameco's investment in Westinghouse.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.