Api Power Company Limited Constructs 8 MW Solar Power Project in Madhes Province

Strategic Insights -

Api Power Company Limited is constructing its fourth solar energy project in the Madhes province, targeting completion within four months and connection to the national transmission line within six months. The 8 MW Solar Power Project is situated at Bhaluhi near the 11 KVA substation of the Nepal Electricity Authority at Parwanipur in Bara, with an investment of Rs 480 million. The project's construction site spans 12 bighas of leased land.

Key Takeaways:

  • The 8 MW Solar Power Project is the fourth solar energy project in Madhes province by Api Power Company Limited.
  • The project is being constructed at a cost of Rs 480 million on 12 bighas of land leased by the company.
  • The target is to complete the construction work within four months and connect it to the national transmission line within six months.
  • The project will address voltage irregularities in the industrial area of Parwanipur.
  • Api Power Company had previously constructed the 1 MW Simara Sairya project at Simara with an investment of Rs 85 million.
  • The company has signed a power purchase agreement with the Nepal Electricity Authority (NEA) for the project.
  • Api Power Company has a paid-up capital of Rs 6.07 billion in the current fiscal year.
  • In the third quarter of 2017-19, the company earned a profit of Rs 353.4 million.

Statistics:

  • 8 MW: The capacity of the new solar power project.
  • Rs 480 million: The cost of constructing the 8 MW Solar Power Project.
  • 12 bighas: The area of land leased by Api Power Company for the project.
  • 4 months: The target timeline for completing the construction work.
  • 6 months: The target timeline for connecting the project to the national transmission line.
  • 11 KVA: The rating of the substation where the project is connected.
  • Rs 85 million: The investment in the 1 MW Simara Sairya project.
  • 8.5 MW: The combined capacity of the projects under Api Power Company in the far west.
  • Rs 6.07 billion: The paid-up capital of Api Power Company in the current fiscal year.
  • Rs 353.4 million: The profit earned by the company in the third quarter of 2017-19.

Sources:

  • Api Power Company Limited (corporate website)
  • Global Data Point (2022)