The proposal by NUkler Merchandise to develop a Small Modular Reactor-based clear vitality mission in Telangana marks a probably important shift in India’s sub‑nationwide vitality transition technique.
NUkler Merchandise, a three way partnership backed by Slovakia-based IQ Capital and India-based Inexperienced Home Enviro, has submitted an Expression of Curiosity to the Telangana authorities for organising an SMR facility with an put in capability of as much as 300 MW.
With a projected funding of round EUR 600 million, equal to roughly ₹6,000 crore, the mission is positioned as a long-term, low-carbon baseload energy resolution somewhat than a short-term pilot.
The Expression of Curiosity was formally shared throughout a high-level interplay between NUkler’s management and the ‘Telangana Rising’ delegation led by Chief Minister A Revanth Reddy at Davos. Representing the Slovak–Indian three way partnership have been Jan Babic, Group Chairman of IQ Capital, Anil Kumar Bavissetty, Group CEO and Director of IQ Capital, and Molugu Sripal Reddy, CEO and Director of Inexperienced Home Enviro.
Additionally current was Matus Gemes, the Honorary Consul of the Slovak Republic to the Principality of Liechtenstein, underlining the diplomatic and cross-border funding dimension of the proposal. The setting in Davos, on the sidelines of the World Financial Discussion board’s 2026 Annual Assembly, underscores the state authorities’s intent to pitch Telangana as a severe vacation spot for superior clear vitality applied sciences.
From Telangana’s perspective, the overture aligns with its declared ambition to pursue a net-zero improvement pathway by 2047. Chief Minister Revanth Reddy reiterated that sustainability is a central pillar of the state’s development mannequin, and that his administration is open to novel clear vitality architectures that complement current renewable and standard capability.
By signalling political help on the chief ministerial degree, Telangana is trying to place itself forward of different Indian states in attracting frontier nuclear and clean-tech investments.
The presence of Industries Minister D Sridhar Babu and Income Minister Ponguleti Srinivasa Reddy within the delegation additional displays that the proposal is being examined not merely as a technical pilot, however as a possible anchor funding with wider industrial and monetary implications.
Small Modular Reactors are being promoted globally as a next-generation nuclear expertise that may provide versatile, scalable and comparatively safer nuclear energy in contrast with conventional massive reactors. With their decrease unit capability, modular design, and potential for manufacturing unit fabrication, SMRs are seen as appropriate for integration with industrial clusters, desalination vegetation, and inexperienced hydrogen manufacturing, along with grid-based electrical energy provide.
For a quickly industrialising state like Telangana, a 300 MW SMR set up may present round the clock, low-carbon baseload help to important manufacturing zones, IT parks and enormous infrastructure initiatives, serving to to stabilise a grid that’s more and more depending on variable renewable vitality.
If superior to the mission improvement stage, the SMR initiative may set off a spread of secondary advantages for Telangana. These could embody localisation of sure elements and providers, alternatives for expertise partnerships between European and Indian companies, and the creation of a talented expertise pool in nuclear engineering, security, and operations.
The involvement of Inexperienced Home Enviro because the Indian associate signifies an try and couple worldwide nuclear expertise with home environmental and mission administration capabilities. In parallel, Telangana may leverage such a flagship mission in its funding promotion campaigns to sign its openness to advanced, capital-intensive, and high-technology ventures in clear vitality.
Nonetheless, any SMR mission in India must navigate a posh coverage and regulatory panorama, together with central authorities oversight, nuclear legal responsibility frameworks, and stringent security approvals. Whereas the Expression of Curiosity is a preliminary step that alerts intent somewhat than dedication, it units in movement a means of technical, monetary and regulatory due diligence.
Key points that can want readability embody the particular SMR expertise on provide, its degree of worldwide licensing and operational observe report, gasoline provide preparations, waste administration methods, and the delineation of roles between the state authorities, the central authorities, and personal or joint-venture entities.
The timing of the proposal on the World Financial Discussion board’s 2026 Annual Assembly, themed “A Spirit of Dialogue,” can be symbolically related. The mission exemplifies the form of cross-border collaboration that the WEF seeks to advertise—linking European capital and expertise with Indian market potential and decarbonisation wants.
For Slovakia, participation in such a mission can strengthen its rising profile in superior nuclear and climate-friendly infrastructure investments. For India, and notably Telangana, partnering on SMR improvement may reinforce narratives round innovation-led, low-carbon development, particularly if the mission is structured to enrich nationwide targets on non-fossil electrical energy capability and emissions depth discount.
If realised, the proposed EUR 600 million SMR-based clear vitality mission would stand out as one of many extra bold state-level clear baseload energy initiatives in India.
It might sign a willingness on the a part of Telangana’s management to maneuver past typical renewables and legacy thermal vegetation, in the direction of a extra diversified, technology-rich vitality combine.
Over the approaching months, the seriousness of the proposal might be examined via detailed feasibility assessments, engagement with central nuclear authorities, and alignment with India’s broader nuclear coverage regime.
Nonetheless, the submission of the Expression of Curiosity itself marks an necessary opening gambit in what may change into a landmark public–personal and worldwide collaboration in India’s clear vitality panorama.
Based mostly On ANI Report
