Investment and finance
A great discussion on the future of financing India’s nuclear ecosystem. Thank you to everyone who joined our latest NucFinder webinar, and especially to our speakers: Kapil Bansal, Partner at EY-Parthenon India and Hiten Sutar, Partner at EY India. We discussed how the emerging regulatory landsc...
Oriana Power Limited has approved a total investment of Rs 1.18 billion across three of its subsidiaries. These funds are designated to bolster engineering, procurement, and construction (EPC) activities and advance solar power projects.
Bharat Heavy Electricals Limited (BHEL) has approved an additional equity investment of Rs 650 million in NTPC BHEL Power Projects Private Limited (NBPPL), its joint venture with NTPC Limited. This investment will be made at face value in tranches during the financial year 2026-27.
The European Investment Bank (EIB) has announced its first investment in small modular reactor (SMR) technology, providing a convertible loan to Steady Energy. This funding will support Steady Energy's research and development, testing, and licensing activities for its LDR-50 SMR, a heat-only reactor designed for district heating and industrial applications. The investment aligns with the European Commission's goal to deploy SMRs by the early 2030s.
Bharat Heavy Electricals Ltd (BHEL) has approved an additional equity investment of ₹65 crore in NTPC BHEL Power Projects (NBPPL), its joint venture with NTPC Ltd. NBPPL focuses on engineering, procurement, and construction (EPC) contracts for power plants and infrastructure projects, alongside manufacturing and supplying equipment.
The Odisha government has secured investment proposals totaling over ₹2.43 lakh crore across various sectors during a three-day outreach in the United Arab Emirates. These proposals include critical minerals and rare earths, metals and mining, and steel downstream industries, with the potential to create over 6.18 lakh jobs.
Bannerman has announced the completion of funding for its Etango uranium project, following a strategic investment and joint venture with CNNC Overseas Limited (CNOL). This development resolves the final funding hurdle, positioning the project for a Final Investment Decision (FID) and progression towards becoming a new greenfield uranium producer. Early construction works are on schedule, and detailed design and procurement activities are nearing completion.
A new Power Purchase Agreement (PPA) between Fortum and Google will cover the life extension period of the Loviisa nuclear power plant in Finland. The agreement, set to begin in 2028, will cover 50% of the plant's capacity from 2030 to 2049 and is expected to enable significant investments in extending the plant's operational life until 2050. The companies also signed a memorandum of understanding to explore further collaboration in new nuclear power development and other energy solutions.
The nuclear energy sector is experiencing a significant increase in investment interest, with calls for improved project structuring and risk allocation to facilitate capital flow. Discussions at a recent Finance Summit highlighted the need for the industry to better articulate investable projects to a growing pool of interested financial institutions.
India's expanding AI computing ecosystem, supported by the ₹10,372 crore IndiaAI Mission, is increasing demand for energy-efficient data centers and reliable power infrastructure. Empower India is strategically positioned to meet this demand with sustainable digital infrastructure solutions.
India is projected to require 411 GWh of energy storage by FY32, necessitating an estimated ₹4 lakh crore in capital expenditure. This represents a significant increase from the 54 GWh operational capacity recorded in June 2026, highlighting a shift towards addressing grid integration challenges as renewable energy sources expand.
India's energy storage requirements are projected to increase significantly, creating substantial investment opportunities in infrastructure.