Business EconomyPosted at: Jan 21 2026 2:26PM


Slovakia’s NUkler submits EoI for Rs 6,000 cr SMR clean energy project in Telangana

Davos/Hyderabad, Jan 21 (UNI) NUkler Products, a joint venture promoted by Slovakia-based IQ Capital and India-based Green House Enviro, has 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 proposed project involves an investment of EUR 600 million, estimated at around Rs 6,000 crore.
The EoI was presented during a meeting with the Chief Minister A. Revanth Reddy-led ‘Telangana Rising’ delegation at the World Economic Forum (WEF) 2026 in Davos.
Company representatives including Dr Jan Babic, Group Chairman, IQ Capital; Anil Kumar Bavissetty, Group CEO & Director, IQ Capital; and Molugu Sripal Reddy, CEO & Director, Green House Enviro, shared details of the proposal with the delegation. Matus Gemes, Honorary Consul of the Slovak Republic to the Principality of Liechtenstein, was also present.
Chief Minister Revanth Reddy said Telangana is keen to encourage sustainable, clean and advanced energy infrastructure projects. He noted that sustainability remains a central pillar of the State’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 during the meeting, according to an official statement on Wednesday.
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