Slovakia’s NUkler Submits Expression of Interest to Develop Rs 6,000 Crore SMR-Based Clean Energy Project in Telangana

A breakthrough in Telangana’s clean energy ambitions took shape at the World Economic Forum 2026 in Davos, as NUkler Products — a joint venture promoted by Slovakia-based IQ Capital and India-based Green House Enviro — formally expressed interest in partnering with Telangana to develop a next-generation clean energy project anchored in sustainability and advanced technology.

The joint venture submitted an Expression of Interest (EOI) to explore the development of a Small Modular Reactor (SMR)-based clean energy project in Telangana, with a proposed installed capacity of up to 300 MW and an estimated investment of EUR 600 million (approximately ₹6,000 crore).

The EOI was shared during a meeting with the Hon’ble Chief Minister Shri A. Revanth Reddy-led ‘Telangana Rising’ delegation. The company was represented by 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. Matus Gemes, Honorary Consul of the Slovak Republic to the Principality of Liechtenstein, was also present, underscoring the strong international dimension of the engagement.

Welcoming the proposal, the Chief Minister stated that Telangana is keen to encourage sustainable, clean, and advanced energy infrastructure projects aligned with the State’s long-term development vision. He emphasized that “sustainability is a core pillar of Telangana’s policy framework,” particularly in pursuing the Net Zero target by 2047.

Ministers Shri Duddilla Sridhar Babu and Shri Ponguleti Srinivasa Reddy participated in the discussions, reaffirming the Government of Telangana’s commitment to facilitating future-ready and advanced clean energy projects in the State.