Cameco Acknowledges United States and Republic of Korea Announcement of Framework for the Deployment of Nuclear Power
Cameco acknowledged a US-Korea framework under a prior MOU anticipating a US$120 billion Korean investment to help finance Westinghouse reactor construction in the United States. The framework contemplates up to eight reactors — six Westinghouse AP1000s and up to two APR1400s — deployed on US federal sites, with each APR1400 expected to generate approximately US$2 billion of value for Westinghouse, in which Cameco holds an ownership stake.
Key figures
- Deal Value Usd
- US$120 billion
- Planned reactors
- up to eight (six Westinghouse AP1000, up to two Korean APR1400)
- Construction acceleration
- up to three years under DOE American Nuclear Supply Chain Loans conditional commitment
- Value per apr1400 reactor usd
- approximately US$2 billion
AI analysis
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