Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Pure Energy Limited, a subsidiary of the Golyan Group and one of Nepal’s largest solar power producers, has reported a net profit of Rs 9.05 million for the first quarter of the fiscal year 2082/83 (2025/26). The company’s net earnings rose sharply from Rs 5.26 million in the same period last fiscal year, reflecting strong operational efficiency and growing demand for renewable energy in Nepal’s power sector.
According to the company’s Q1 financial report, Pure Energy earned Rs 65.5 million in revenue from electricity sales to the Nepal Electricity Authority (NEA). The company began commercial operations in April 2023 (Baisakh 2080) after signing a Power Purchase Agreement (PPA) with NEA in December 2021 (Mangsir 2078). Pure Energy currently operates two solar projects, each with a capacity of 10 MW, located in Banke district.
“The company has been supplying electricity continuously and without interruption to the Nepal Electricity Authority as per the PPA,” the financial statement reads. “Payments for energy sales have been received regularly, ensuring stable financial inflows. Pure Energy aims to enhance operational capacity and deliver higher power output to NEA in the coming quarters.”
The company also confirmed that it has been regularly servicing both principal and interest payments on loans obtained from commercial banks, in line with Nepal Rastra Bank (NRB) guidelines.
After successfully issuing an Initial Public Offering (IPO) last fiscal year, Pure Energy’s paid-up capital reached Rs 800 million. The company’s Earnings Per Share (EPS) rose from Rs 3.29 in Q1 of FY 2081/82 to Rs 4.50 in the same period this year, while Net Worth Per Share increased from Rs 97.27 to Rs 101.61.
Industry analysts view this as a positive indicator of Nepal’s expanding solar energy investment landscape, driven by private sector participation and growing investor confidence in the country’s renewable energy policy framework.
Pure Energy also holds a 26% equity stake in Sol Power, another solar firm developing five solar projects across Nepal. The company’s financial disclosure shows that it owns 260,000 shares of Sol Power, each with a face value of Rs 100. According to NEA’s Annual Report 2024–25, all five Sol Power projects signed PPAs with the authority on June 12, 2024 (Jestha 29, 2081).
With Nepal’s government prioritizing green energy transition and sustainable infrastructure investment, Pure Energy’s steady profitability signals both the potential and resilience of the renewable energy market. The company’s continued growth reinforces Nepal’s ambition to become a regional leader in clean energy production, attracting domestic and foreign direct investment (FDI) in the solar energy sector.
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