Jhapa, Nepal - Jhapa Energy, a solar power producer based in Shivasatakshi Municipality-4, Buluchok, has sold electricity worth Rs 4,70,93,497 to the Nepal Electricity Authority (NEA) during the first five months of the current fiscal year 2082/83, the company announced today.
According to Chairperson Lal Bahadur Sawa Limbu, the company successfully generated 6,521,260 units of clean solar power between Shrawan and the end of Mangsir 2082. This milestone reflects the rising contribution of renewable energy to Nepal’s power mix and underscores Jhapa Energy’s growing role in national energy supply.
10 MW Solar Project Fully Operational
Jhapa Energy’s 10-megawatt solar power project, located at Buluchok, was established on 22 bighas of land and equipped with 21,600 solar panels. The project began its commercial electricity production from Magh 10, 2080, following the signing of a Power Purchase Agreement (PPA) with the Nepal Electricity Authority on Mangsir 12, 2078.
The electricity generated at the solar site is transmitted to the national grid through the Buluchok substation of NEA, located less than one kilometer from the plant, ensuring efficient integration into the country’s transmission system.
NEA purchases the solar electricity from Jhapa Energy at a guaranteed rate of Rs 7.30 per unit, providing stable revenue and encouraging long-term renewable energy investment.
Consistent Growth in Solar Power Revenue
Jhapa Energy’s financial performance from solar power sales shows a steady upward trend:
In Fiscal Year 2080/81, the company sold solar power worth Rs 5,28,84,777 to NEA.
In Fiscal Year 2081/82, this figure increased significantly to Rs 9,10,59,475, reflecting strong growth in production and sales.
Chairperson Limbu highlighted that the five-month sales figure of more than Rs 4.7 crore demonstrates continued operational efficiency and the potential for further expansion.
Renewable Energy’s Emerging Role
This achievement in Jhapa aligns with Nepal’s broader energy strategy to diversify power sources, increase renewable energy generation, and reduce dependence on traditional hydropower, which is vulnerable to seasonal fluctuations.
Experts say that solar projects like Jhapa Energy are crucial to meeting energy demand, enhancing grid stability, and supporting sustainable development objectives.
