Pure Energy Limited has announced a net gain of Rs. 9.05 million during the first quarter of FY 2082/83, an increase from Rs. 5.26 million in the equivalent timeframe last year, demonstrating a robust commencement to the fiscal year. The firm generated Rs. 65.5 million in revenue from electricity transactions within the quarter, sourced from its two 10 MW solar facilities in Banke, which commenced commercial operations in Baisakh 2080 after establishing a Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA).
As a division of the Golyan Group, Pure Energy continues to provide seamless electricity to NEA and has upheld prompt repayment of loans and interest according to Nepal Rastra Bank guidelines. Following its initial public offering earlier this year, the company’s paid-up capital has soared to Rs. 800 million. Financial metrics have also shown a positive trend, with Earnings Per Share (EPS) climbing from Rs. 3.29 to Rs. 4.50, while net worth per share ascended from Rs. 97.27 to Rs. 101.61 year-over-year.
Additionally, Pure Energy possesses a 26% ownership in Solar Power, which is working on five solar projects that have recently secured PPAs with NEA. With steady profitability and growth, Pure Energy continues to spearhead Nepal’s shift toward sustainable solar energy generation.
