50 MW Solar Project in Nepal Set for 2027 Launch with Rs 3.27 Billion Investment
A 50 MW solar photovoltaic project in Kushaha, Nepal, involves a total investment of Rs 3.27 billion, aiming for commercial operation by November 2027. This initiative supports national energy security and increases the renewable energy supply to the national grid.
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Solaris Energy Pvt Ltd is developing a 50 MW solar project in Kushaha Rural Municipality, Sunsari district, with an estimated cost of Rs 3.27 billion. The financing structure includes a 75:25 debt-to-equity ratio, with plans to secure Rs 3 billion in loans.
Initial investments reached Rs 80 million by June 2026, while land lease agreements cover 40% of requirements. A Power Purchase Agreement with the Nepal Electricity Authority, signed in November 2025, guarantees a price of Rs 5.40 per kWh for 25 years. The project will connect to the national grid via a 2.6 km transmission line but faces risks of delays related to substation completion.
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