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Natura Resources Announces Agreement with NGL Energy Partners to Develop 100-MW SMRs with Large-Scale Produced Water Treatment in the Permian Basin

LCG, February 4, 2026--Natura Resources LLC (Natura), a developer of advanced molten-salt nuclear reactors, announced yesterday that it has signed an agreement with NGL Water Solutions Permian LLC, a subsidiary of NGL Energy Partners LP (NGL), to pursue opportunities to combine Natura's advanced nuclear reactor technology with thermal desalination for power production and oil and gas produced water treatment. NGL transports, treats, recycles and disposes of more than 3 million barrels per day of produced and flowback water generated from crude oil and natural gas production in the Permian Basin.

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OPG Completes Darlington Nuclear Station Refurbishment Project Under Budget and Ahead of Schedule

LCG, February 2, 2026--Ontario Power Generation (OPG) announced today that construction on the four-unit Darlington Refurbishment project is now complete. Station staff are completing final testing, and the last unit is expected to return to service in the coming weeks. OPG stated that the overall project is currently four months ahead of schedule and $150 million under budget.

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Industry News

Tractebel Set to Exit India

LCG, Aug. 16, 2001--India, which set out a decade ago to attract foreign investment by reforming its electric power sector, is about to lose yet another foreign investor because of contractual disputes, the Economic Times reported this morning.

Tractebel of Belgium will sell its stake in a 50-50 joint venture, Jindal Tractebel Power Co., with Jindal Vijaynagar Steel, the paper said.

Tractebel thus will follow Cogentrix of the U.S. and Electricit de France in walking away from the bureaucratic entanglements of India. Enron Corp. of the U.S. is on the verge of selling its 65 percent interest in the huge $2.9 billion Dabhol power project, India's largest foreign investment, for a bargain basement $1 billion, and AES Corp., another American company, has said it is ready to depart its investments in India.

Tractebel appears to have reached an arrangement with its partner through two of its companies, after Saw Pipes and Jindal Steel & Power agreed to pitch in with 250 million rupees each to help meet a 2.35 billion rupee payout to Tractebel, the paper said.

The Economic Times said it had learned that Tractebel may also consider withdrawing from the International Chamber of Commerce. Tractebel had initiated arbitration proceedings against JVSL requesting compensation towards damages suffered by it, the paper said.

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