1) $URA “The parties also agreed to increase the supply of American nuclear fuel for the needs of all Ukrainian nuclear power plants.” uaposition.com Ukraine has agreed with Westinghouse to build 9 nuclear power units and to supply fuel The state-owned National Atomic Energy Generating Company of Ukraine Energoatom and the American Westinghouse Electric Company have agreed to build new nuclear power units and increase the supply of… 6:27 AM · Jun 3, 2022·Twitter Web App View Tweet analytics
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Headline: Ukraine has agreed with Westinghouse to build 9 nuclear power units and to supply fuel Friday, June 3, 2022 - 12:59
The state-owned National Atomic Energy Generating Company of Ukraine Energoatom and the American Westinghouse Electric Company have agreed to build new nuclear power units and increase the supply of nuclear fuel.
Source: Ministry of Energy of Ukraine
President of NNEGC Energoatom Petro Kotin and President of Westinghouse Electric Company Patrick Fragman signed 3 agreements on strengthening cooperation.
“The number of NPP power units to be built using AR1000 technology in Ukraine will be increased from 5 to 9. These are new generation reactors with the best performance in the industry and the ability to operate in maneuvering mode,” the Ministry of Energy said in a statement.
The parties also agreed to increase the supply of American nuclear fuel for the needs of all Ukrainian nuclear power plants.
A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire Westinghouse Electric Co. from Brookfield Business Partners (BBU). The deal has a total enterprise value of about $8 billion, including proceeds from the disposition of a non-core asset expected to be received prior to closing the transaction. The deal is expected to be finalized in the second half of 2023, subject to customary closing conditions and approvals.
Westinghouse has a long and storied history in the energy industry dating back more than a century. The company was a pioneer in the nuclear power industry, and it continues to be a major player in the sector today.
“This is the start of an exciting new chapter for the Westinghouse team and for nuclear power,” Patrick Fragman, president and CEO of Westinghouse, said in a statement. “We are grateful to BBU for its stewardship and investments that have strengthened Westinghouse’s position in the nuclear power industry, and more broadly in the clean power world, for the long-term. Now we are proud to join Brookfield Renewable and Cameco, reaffirming the important role played by Westinghouse and nuclear power in enabling the world’s clean energy transition and energy security goals.”
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 24 GW of installed capacity with approximately 100 GW more in its development pipeline. Cameco, meanwhile, is one of the largest global providers of uranium fuel. It claims to have a competitive advantage based on its “controlling ownership of the world’s largest high-grade reserves and low-cost operations.” Its headquarters are in Saskatoon, Saskatchewan, Canada.
Read the whole article about Westinghouse Electric Company history since it was sold by Toshiba