Prozeal Green Energy Nepal to launch major solar initiative in Nepal

KATHMANDU: Prozeal Green Energy, India's largest solar EPC company with a record of delivering over 2 gigawatts (GW) of solar capacity, is set to play a leading role in Nepal's renewable energy sector. The joint venture with Golyan Power, named ‘Prozeal Green Energy Nepal’, was officially launched at the Prozeal Green Energy Summit 2025 in Kathmandu, on Wednesday.

Electricity Regulatory Commission (ERC) of Nepal Chairperson Ram Prasad Dhital, special guest at the event, announced that the government is introducing various policies to advance renewable energy projects. He highlighted the ERC's commitment to supporting the sector and stated, “The government is always ready to support the private sector in the renewable energy sector as well. I am confident that you will continue to increase your investment.”

Addressing the summit, Independent Power Producers' Association, Nepal (IPPAN) President Ganesh Karki expressed excitement at the Golyan Group's plan to produce 500 megawatts (MW) of electricity. Karki remarked, “I thought that if we want and the government clears the way, we can produce 1,000MW of energy next year.” He added that this could significantly reduce the need for imported electricity. He pointed out that although a tender for 800MW has been issued, its status remains unclear due to litigation issues. He urged the government to resolve such issues with a clear vision. He emphasised the need for a clear strategy for advancing solar energy and suggested that it be included in the Electricity Bill.

At the event, Solar Power Producers' Association, Nepal (SOPPAN) President Sandip Shah underscored the importance of solar energy in the country’s development. He mentioned that areas like Mustang are ideal for solar production and called for government policies to address existing challenges.

Prozeal Green Energy Nepal aims to install over 500MW of solar energy projects across Nepal in the next 24 months, positioning the country as a clean energy leader.

Prozeal Green Energy Chairperson Shobit Baijnath Rai stated, “Together with our esteemed partner, Golyan Power, we are moving forward to achieve a historic milestone in Nepal’s renewable energy journey by building over 500MW of solar energy projects. Prozeal Green Energy Nepal shares a commitment to empower Nepal through sustainable and new energy.”

The partnership combines Prozeal’s global experience in completing over 2GW of renewable energy projects with Golyan Power’s local expertise. Speaking at the event, Golyan Group Director Akshay Golyan highlighted the promising future of solar energy and the need for immediate action.

Prozeal Green Energy Nepal Director Prawin Aryal on behalf of Golyan Power, commented, “This partnership reflects our commitment to renewable energy and sustainability in Nepal. By collaborating with Prozeal Green Energy, we have taken a decisive step towards meeting Nepal’s growing energy demand and facilitating economic growth.”

Prozeal Green Energy Nepal will develop both rooftop and ground-mounted photovoltaic (PV) solar plants to accelerate the use of solar energy in Nepal and significantly contribute to the nation’s renewable energy potential. Under the Joint Venture Agreement, Prozeal Green Energy will lead as the EPC development company, while Golyan Power will focus on business development, land acquisition, and financial management.