Slovakia’s NUkler submits Expression of Interest to develop Rs 6,000 crore in Telangana

NUkler Products, a joint venture promoted by Slovakia-based IQ Capital, Slovakia, and India-based Green House Enviro, submitted and 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 EUR 600 Million (around Rs 6,000 crore).

The company representatives – Dr. 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 Shri A. Revanth Reddy-led ‘Telangana Rising’ delegation. Matus Gemes, Honorary Consul of the Slovak Republic to the Principality of Liechtenstein, was also present in the meeting.

Hon’ble 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.”

Hon’ble Industries Minister D. Sridhar Babu and Hon’ble Revenue Minister Ponguleti Srinivasa Reddy were also part of the delegation that participated in the meeting.