SaskPower, Westinghouse Electric Company and Cameco have all signed a memorandum of understanding to evaluate the potential of Westinghouse's nuclear reactor technology and fuel supply chain required for Saskatchewan's future clean power needs.

The MOU will explore the technical and commercial pathways to deploy Westinghouse's reactor technology for long-term electricity supply planning. It will also include the evaluation of Saskatchewan based nuclear supply chain to nuclear energy projects including fuel. Collaboration on research, development and workforce along with Saskatchewan post-secondary institutions is included. 

“Leveraging knowledge from organizations that have significant expertise in the nuclear industry is critical to ensure we make responsible, informed decisions around our power future,” said Rupen Pandya, President and CEO of SaskPower. “Collaborating on nuclear fuel supply and evaluating various technologies will only serve to enhance our current small modular reactor development work and planning around workforce and the future of Saskatchewan’s power system.”

SaskPower is expected to make its final investment decision in 2029 on whether to proceed with constructing the province's first small modular reactor

“Westinghouse is proud to work with SaskPower to share our industry-leading nuclear technology expertise in support of the province’s clean energy needs,” said Patrick Fragman, Westinghouse President and CEO. “Our globally deployed advanced AP1000 reactor provides demonstrated superior economic performance and availability, and our AP300 small modular reactor is based on this proven and licensed technology. We look forward to helping SaskPower bring carbon-free electricity to Saskatchewan for generations to come.”

“Cameco has a proud history and a significant presence in Saskatchewan, from our world-class uranium operations to our large and growing provincial workforce to our long-standing partnerships with northern Indigenous communities,” said Tim Gitzel, President and CEO of Cameco. “We look forward to assessing the potential role Cameco and Westinghouse could play in decarbonizing Saskatchewan’s power grid, an ambitious and important goal for the province’s future.”