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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

Indian Minister Says 'No Impact' if AES Leaves

LCG, Aug. 21, 2001--An official of the Indian state of Orissa said this morning that it wouldn't matter one way or another if U.S. electric power firm AES Corp. made good on its threat to walk out on its investments in his state.

AES owns a 51 percent interest in Cesco, the electricity distribution monopoly serving Orissa, with the state government owning the remaining 49 percent. AES also owns 49 percent of power plant operator Orissa Power Generation Corp., which sells electricity to the state-owned transmission business Gridco.

Last month, AES said it would sell its interest in Cesco -- perhaps at bargain prices -- unless Orissa improved its regulatory practices and approved higher tariffs. The U.S. company has invested about $175 million in the Orissa power sector.

"(A pullout) will have no impact at all," R. K. Patnaik, Orissa's finance minister, told reporters covering a business conference in Calcutta today.

The imbroglio involves a full circle of non-payment and related accusations. Starting with the electricity where it is generated, Orissa Power Generation says it has not been paid for power sold to Gridco. Gridco says it cannot pay OPG because it has not been paid by Cesco. Cesco says it has not money to pay Gridco because it cannot charge reasonable rates.

Gridco is unable to guarantee that all of the power sold to Cesco gets to the distribution company. The state government's electric transmission business suffers transmission "losses" that are high even by Indian standards.

Patnaik said AES, which has no interest in the transmission business, had not lived up toexpectations in Orissa that it would help with the transmission losses. "Transmission and distribution losses have come down only 1.8 percent from the earlier 43 percent," he complained.

AES' problems in Orissa don't stop with the state government. Yesterday, some 20 angry workers on Monday chased a senior manager out of his office at Cesco in the latest in a series of confrontations between the distribution company and its 8,500 employees who have not been paid wages for the month of July.

Cesco's managing director Roberto Podesta escaped unhurt, Cesco director Venu Nambiar told a news conference in New Delhi. Nambiar also said "We want out. The realization is there that the board has lost total control."

He added "The employees want AES management to go and Gridco to take back the distribution business."

This morning, the Economic Times referred to the Indian electricity sector as "India's loss-making power industry."

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