Jhapa Energy, a solar power producer, has sold electricity worth Rs. 4,70,93,497 to the Nepal Electricity Authority (NEA) over five months. According to the company’s chairman, Lal Bahadur Sanwa Limbu, during the period from Shrawan to Mangsir 2082/83, the company generated a total of 65,21,260 units of electricity.
The company operates a 10 MW solar power project in BuluChok, Ward No. 4, Shivasatakshi Municipality, Jhapa. NEA purchases the electricity generated by Jhapa Energy at a rate of Rs. 7.30 per unit. Jhapa Energy began commercial electricity production on Magh 10, 2080, after signing a Power Purchase Agreement (PPA) with NEA on Mangsir 12, 2078.
The project was built on 22 bighas of land in BuluChok, with 21,600 solar panels installed. The electricity generated is transmitted to the BuluChok substation, located within one kilometer of the project site, and connected to the national transmission line.
Jhapa Energy sold Rs. 5,28,84,777 worth of solar electricity to NEA in FY 2080/81, and the sales increased to Rs. 9,10,59,475 in FY 2081/82, according to Chairman Limbu.
In addition, Jhapa Energy Limited issued its ordinary shares (IPO) in Bhadra 2082, marking its entry into the capital market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
