Westinghouse goes on sale. Market test, the effect of nuclear boom and… the problem of Poland? [ANALIZA]
Westinghouse Electric Company, one of the loads on the Polish nuclear project, goes on sale. If there is a buyer, the WEC can earn billions to the current owner – but is it not possible to lose Poland here?
Canadian investment fund Brookfield Business Partners, a company in the portfolio of the bank WE Westinghouse Electric Company (C), decided to put up for sale. This news was not surprising as the first attempts in this direction were already made in 2021. Recently, information about the search for a new owner of the WEC has attracted the interest of experts and politicians in Poland – they have started to change if they have not influenced the implementation of the supplement to our nuclear project, in which Westinghouse can play a key role.
Nuclear relay race
Going hand-to-hand for the WEC is nothing new. The company split off from its parent company Westinghouse Electric (EC) in 1999, following a series of acquisitions and acquisitions that resulted in the acquisition of WE by CBS Corporation. In the same year, the WEC was transferred to British Nuclear Fuels Limited. changed in 2005 when BNFL’s situation that created its acquisition. A corporate purchase as well as the power plant General Electric, Mitsubishi Heavy Industries and Toshiba. 77% of the shares in the WEC were deposited, which went to the latter company, which paid for them $ 5.4 billion. In 2018, after Toshiba’s financial troubles, Westinghouse Electric Company was sold to Brookfield Business Partners for $ 4.6 billion.
Now perhaps another WEC – if you probably want to. According to Reuters, the company’s current valuation hovers around $ 10 billion. There is something to earn and the fund probably wants to get how much it can gain.
The state circumstances in which the company is listed are similar to those from 2005. The global nuclear industry, which recovered from the Chernobyl disaster, was also on the verge of development. Your plans are enormous in Europe and Asia, Asia and East, which are hopeful. An atomic renaissance was expected, which consists of an application like the WEC putting in the hands of a plethora of lucrative standards. This mood was interrupted that it was interrupted in Fukushima, which distracted a number of countries from the u, going so far as to maintain the nuclear power that was the next disaster.
Now, however, fate is smiling again at the nuclear industry. The policy implemented by introducing the key economy (EU, USA, China, India) is largely based on nuclear energy. More and more voices of the nuclear renaissance, pointing to the emerging regions focused on the development of this technology – one of them is Central Europe. Because Brookfield Business Partners is preparing its nuclear kernel for sale right now.
The strength of the atom
The moment is for the WEC to provide services – it is not only about the macro, but also about the potential that the company has built over the last years. The activities of this entity have so far focused on advertising and marketing the sale of solutions, reacting to the reaction of the AP-1000.
WEC representatives are holding empty talks with the governments of Ukraine, Slovenia, the Czech Republic and Poland. If these data are successful, the company will have approx. 16 nuclear reactors in total in Europe. This number may fail, however, because due to European sanctions, it is eliminated by the service world based on the Rosatom nuclear technology. This gives even more space to be completed for the WEC.
They are having their first fruits now. In early June, Ukrainians extended from Westinghouse to supply nuclear fuel for Energoatom’s nuclear reactor fleet. In addition, the company also declares the creation of new AP1000 units. In May 2012, information was released that the CHP will be terminated for the supply of a nuclear fuel power plant for the Kozło power plant in Bulgaria. This company is also touted as a provider of nuclear expansion services in Bulgaria. At the beginning, at the beginning of 2022, the WEC Koleja memorandum on cooperation with ten companies in Poland. Cooperation plans for the implementation and creation of AP1000 and AP1000 reactors. It is an open secret that Westinghouse Electric Company is the favorite in the race for the Polish nuclear power plant. They prove that not only the current governments in Warsaw, but even report on the environmental impacts, which investor (i.e. Polskie Elektrownie Nucleowe)
The WEC also looked after the project website. The company boasts of reducing the time needed for fuel plates. The first such break lasts 30 days, currently in the unit in China it can be granted for a period of less than 20 days. The goal of the WEC is only a 17-day period. Furthermore, Westinghouse Electric Company is working on its 225 MWe Small Reactor (SMR) model. Interestingly, the company has gone even further and is experimenting with reactors on a truly miniature scale – eVinci Micro with a capacity of 1 to 5 MW.
It is also worth taking a look at the results: according to Reuters, in 2020 EBITDA (i.e. the company’s operational operation before deducting interest-bearing, interest-bearing, amortization, etc. transactions) until 2018.
A sailing company owned by Brookfield Business Partners, therefore, on its own – a good time to sail to another port, as of course you got paid.
Nuclear year
Recently, from the Polish perspective, the date of sale of the WEC is no longer like that. Warsaw is developing at an exhibition that will operate on the part of the company, will enable it to go further with the nuclear project. Currently, communication preparations are underway, an agreement on the basis of the final decision and technological choice (which may still take place in 2022). At the same time, to keep this deadline, the current part of the schedule for the Polish nuclear power plant was also established – primarily 2033 as the year of commissioning the first Polish nuclear unit.
About the fact that there is no time for what’s new in the WEC z Energetyki 24. “Although the year 2033, as the data for the start of the first electric motor of the engine, to completion, which does not say that there is no need for an action that needs to be started already now. The foundations of the power plant should be poured in 2028, so 40 months earlier, the main equipment should be purchased before the purchase. This means that as early as 2024 we require the preparation of these conditions. Therefore: the 18 closest person, or rather on the website, for example, the website of the company that took place at the site of the review and their production capabilities, “said Joel Eacker, management board of Westinghouse Electric Company. ventures.
The decision to sell WEC is fully justified in business and economic terms. The only groove that springs a spring with the egg of nutrition. Previously, for Poland there may be another (though not the most important) factor affecting the schedule of nuclear construction.