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Cameco has announced that its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management, alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners, has now received all required regulatory approvals. The UK Competition and Markets Authority (CMA) has cleared the Cameco Corp and Brookfield Renewable Partners' $7.875bn deal to acquire Westinghouse Electric. CMA, which began considering the deal in August, said it will not refer the merger for further investigation.
- Source: NEI Magazine
- Date: Thursday, 09 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477
Slovak power utility Slovenské Elektrárne (SE) has signed a contract with US-based Westinghouse to supply of nuclear fuel Slovakia’s NPPs. This followed an international tender for the supply of nuclear fuel and related services throughout the supply chain for the production of nuclear fuel. SE says the aim of the agreement is to diversify the supply of nuclear fuel for VVER 440 power plants in Slovakia.
- Source: NEI Magazine
- Date: Thursday, 31 August 2023
- Original article: neimagazine.com/news/newsslovensk-elektrrne-signs-fuel-supply-agreement-with-westinghouse-11109411
US-based Westinghouse Electric Company and Czech power company CEZ have signed an agreement on the supply of fuel assemblies for the Dukovany NPP, which comprises four Soviet-built VVER-440 reactors. Westinghouse says it will deliver fuel beginning in 2024, “replacing the current supplier, with an anticipated term of seven years”. The current fuel supplier is Russia’s TVEL.
- Source: NEI Magazine
- Date: Wednesday, 05 April 2023
- Original article: neimagazine.com/news/newswestinghouse-to-supply-vver-440-fuel-to-dukovany-10731125
Spain’s Enusa Industrias Avanzadas and Westinghouse Electric Sweden AB have formalised a cooperation agreement regarding the manufacture of VVER-440 fuel. Under this agreement, which entered into force on 1 December, the two companies will collaborate exclusively in the manufacture of VVER-440 fuel for the countries that currently operate this type of reactor. Enusa has launched all the necessary activities to reinstall a production line for this product at its Juzbado factory. This is expected to be completed and licensed in 2023 to make possible fuel deliveries from the beginning of 2024.
- Source: NEI Magazine
- Date: Saturday, 21 January 2023
- Original article: neimagazine.com/news/newsenusa-and-westinghouse-formalise-vver-440-fuel-collaboration-10531937
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610