NUkler Keen on Nuclear Power Plant in Telangana

Hyderabad: NUkler Products, a joint venture promoted by Slovakia-based IQ Capital and India-based Green House Enviro, submitted an expression of interest (EOI) to explore the development of a Small Modular Reactor (SMR)-based clean energy project in Telangana with an installed capacity of up to 300 MW. The project is proposed with an investment value of 600 million euros (around Rs 6,000 crore).

The company representatives — Dr Jan Babic, group chairman, IQ Capital; Anil Kumar Bavissetty, group CEO and director, IQ Capital; and Molugu Sripal Reddy, CEO and director, Green House Enviro — shared the EOI during a meeting with Chief Minister A. Revanth Reddy-led 'Telangana Rising' delegation at WEF Davos on Wednesday. Matus Gemes, honorary consul of the Slovak Republic to the Principality of Liechtenstein, was also present at the meeting.

Revanth Reddy said Telangana is keen to encourage sustainable, clean, and advanced energy infrastructure projects. “Sustainability is a central pillar to Telangana's pursuit of a Net-Zero development target by 2047.” Industries minister D. Sridhar Babu and revenue minister Ponguleti Srinivasa Reddy were also part of the delegation.