Pure Energy Limited

Pure Energy Limited is a Nepalese renewable energy company focused on solar power generation, and has rapidly emerged as one of the notable private-sector players in Nepal’s shift toward sustainable energy. Headquartered in Golyan Tower, Baneshwor, Kathmandu, PURE operates a 20 MW solar photovoltaic (PV) facility located in Raniyapur, Banke District. The project is structured in two separate 10 MW units “Pure Energy I” and “Pure Energy II” each feeding electricity into the national grid, under a long-term power purchase agreement with the Nepal Electricity Authority (NEA). The company’s solar plants commenced commercial operations recently: Pure Energy II in May 2023, and Pure Energy I in December 2023, making PURE one of the first fully solar-based companies in Nepal to deliver grid-connected power at scale. With the commissioning of its solar PV plants, Pure Energy has begun generating electricity revenue for example, in the first quarter of fiscal year 2082/83, the company reportedly earned Rs. 65.5 million from electricity sales, and posted a net profit of about Rs. 9.05 million, indicating a positive initial performance for a newly listed energy firm. As of its IPO and subsequent listing on the Nepal Stock Exchange (NEPSE) under the ticker symbol “PURE”, the company has a paid-up capital of NPR 800,000,000, with 8,000,000 shares outstanding. PURE represents a shift in Nepal’s energy sector: traditionally dominated by hydropower, companies like Pure Energy offer a cleaner, solar-based alternative that reduces dependency on hydrology (river-flow) and seasonal variation. Through its 20 MW solar farm, the company contributes to diversifying Nepal’s energy mix, promoting renewable energy infrastructure, and supporting national energy security and sustainability efforts. Its journey from project development to IPO and commercial operation has drawn interest from investors, highlighting growing confidence in solar power’s viability in Nepal’s electricity ecosystem.