Pure Energy Posts Rs. 9 Million Profit in Q1, Strengthens Position as Nepal’s Leading Solar Power Producer

Pure Energy Limited has reported a net profit of Rs. 9.05 million in the first quarter of FY 2082/83, up from Rs. 5.26 million in the same period last year, marking a strong start to the fiscal year. The company earned Rs. 65.5 million in revenue from electricity sales during the quarter, generated by its two 10 MW solar plants in Banke, which began commercial operations in Baisakh 2080 after signing a Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA).

Pure Energy, a subsidiary of the Golyan Group, continues to supply uninterrupted electricity to NEA and has maintained timely repayment of loans and interest as per Nepal Rastra Bank regulations. Following its IPO issuance earlier this year, the company’s paid-up capital has reached Rs. 800 million. Financial indicators also showed improvement, Earnings Per Share (EPS) rose from Rs. 3.29 to Rs. 4.50, while net worth per share increased from Rs. 97.27 to Rs. 101.61 year-on-year.

In addition, Pure Energy holds a 26% stake in Solar Power, which is developing five solar projects that recently signed PPAs with NEA. With consistent profitability and expansion, Pure Energy continues to lead Nepal’s transition toward sustainable solar energy production.