Westinghouse Receives $1.45B Canadian Financing to Advance Poland’s Nuclear Power Plant

Westinghouse and EDC Drive Global Nuclear Growth

Canada has committed CAD 2.02 billion ($1.45 billion USD) to support Poland’s first nuclear power plant. The financing, led by Export Development Canada (EDC), will help deploy Westinghouse Electric Company’s AP1000 reactors at the Lubiatowo-Kopalino site.

The Polish state-owned company Polskie Elektrownie Jadrowe (PEJ) signed the deal to advance energy security and phase out fossil fuels. With this project, Canada strengthens its role in Europe’s clean energy transition. Westinghouse President Dan Lipman emphasized the strategic value of this partnership.

He noted that the agreement supports both Poland’s energy independence and Canada’s growing nuclear supply chain. At SuperMetalPrice, we see this as a pivotal example of how financing can drive global nuclear expansion.

Economic and Job Growth for Canadian Industry

This deal promises significant returns for Canada’s economy. Each AP1000 reactor built overseas could add nearly CAD 1 billion to Canadian GDP. Canadian suppliers and skilled labor will benefit directly from international projects like this.

The project will create high-paying jobs for Canadian firms and trade unions. Westinghouse, co-owned by Brookfield and Cameco, plays a central role in this growth. As Westinghouse expands globally, Canada reaps rewards in GDP and employment.

The company also aims to deploy four AP1000 units in Canada by 2035. These could supply clean energy to three million homes and generate CAD 28.7 billion during construction. In total, this would create 12,000 full-time Canadian jobs.

A Global Leader in Advanced Nuclear Technology

Westinghouse has a long history of nuclear innovation. In 1957, it developed the world’s first commercial pressurized water reactor. Today, it leads the world in Generation III+ reactor technology.

Beyond Poland, Westinghouse’s AP1000 reactors are operational or under construction in several countries. This global reach reinforces Canada’s role as a major nuclear technology exporter.

With its support for clean and secure energy, Canada continues to lead on both the economic and climate fronts. The collaboration between EDC, Westinghouse, and PEJ signals a growing international demand for Canadian nuclear expertise.