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Slovakia's NUkler Eyes Rs 6,000 Crore Small Modular Reactor Project in Telangana

Slovakia's NUkler Products has submitted an Expression of Interest to develop a Small Modular Reactor-based clean energy project in Telangana. The proposed project, worth EUR 600 million, would have an installed capacity of up to 300 MW. The EoI was presented to Telangana Chief Minister A. Revanth Reddy and his delegation at the World Economic Forum in Davos. State ministers emphasized Telangana's commitment to sustainable infrastructure and a Net-Zero target by 2047.

Key Points: Slovakia's NUkler Submits EoI for Telangana SMR Project

  • EUR 600 million investment
  • Up to 300 MW SMR capacity
  • Proposal submitted at Davos WEF
  • Telangana's 2047 Net-Zero target
2 min read

Slovakia's NUkler submits EoI to develop Rs 6,000 crore Small Modular Reactor-based clean energy project in Telangana

NUkler proposes a EUR 600 million Small Modular Reactor clean energy project in Telangana, discussed with CM Revanth Reddy at Davos.

"Sustainability is a central pillar to Telangana's pursuit of a Net-Zero development target by 2047. - A. Revanth Reddy"

Davos, January 21

NUkler Products, a joint venture promoted by Slovakia-based IQ Capital, Slovakia, and India-based Green House Enviro, submitted an Expression of Interest to explore the development of a Small Modular Reactor based clean energy project in Telangana with an installed capacity of up to 300 MW. The project is proposed with an investment value of EUR 600 million.

The company representatives - Jan Babic, Group Chairman, IQ Capital, Anil Kumar Bavissetty, Group CEO & Director, IQ Capital, Molugu Sripal Reddy, CEO & Director, Green House Enviro, shared the EOI during a meeting with the Chief Minister A Revanth Reddy-led 'Telangana Rising' delegation. Matus Gemes, Honorary Consul of the Slovak Republic to the Principality of Liechtenstein, was also present at the meeting.

CM 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 that participated in the meeting.

The World Economic Forum's Annual Meeting 2026 is being held in Davos, Switzerland, under the theme "A Spirit of Dialogue." Davos 2026 is one of the highest-level gatherings in the Annual Meeting's history.

- ANI

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Reader Comments

P
Priya S
Net-Zero by 2047 is an ambitious target. While SMRs are promising new tech, I hope our state agencies have the technical expertise to regulate and monitor such projects properly. We can't afford another Kudankulam-like public apprehension. Due diligence is key.
R
Rohit P
Great to see foreign investment in clean energy! But with all due respect, I hope the "joint venture" ensures significant technology transfer and doesn't just become an import of expensive reactors. We need to build our own capacity in this sector for the long run.
S
Sarah B
Interesting to see Slovakia entering the Indian energy market. Davos is where these big deals get seeded. Hope the project brings high-skilled jobs to Telangana and not just construction work. The focus should be on sustainable development for the local communities too.
V
Vikram M
CM Revanth Reddy is pushing hard to bring industries to Telangana. This is a high-profile project. 6000 crores is a massive investment. Will it be in a drought-prone area? Water usage for nuclear plants is a concern. Need full transparency on the location and environmental impact.
K
Karthik V
SMRs are the future! More reliable than solar/wind for base load power. If this pilot in Telangana is successful, it can be replicated across India. Good step towards energy security. Jai Hind! 🙏

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