Prozeal Green Energy and Golyan Power Form JV for Solar Projects in Nepal

09 Sep 2024 CW Team

Prozeal Green Energy, based in Ahmedabad, and Golyan Power, a Nepalese firm, have entered into a joint venture agreement to establish solar power projects in Nepal. The agreement was formalised at the Golyan Group headquarters in Kathmandu, marking a notable milestone in the commitment of both companies to advancing renewable energy solutions, as indicated in a statement.

The agreement was signed by Shobit Rai, Director of Prozeal Green Energy, and Akshay Golyan, Director of Golyan Power. This partnership highlights a shared vision to significantly contribute to a cleaner and greener future for Nepal.

The joint venture, named Prozeal Green Energy Nepal, plans to develop over 500 MW of solar energy projects across various locations in Nepal within the next 18 months. Prozeal Green Energy will hold a 60 per cent stake in the joint venture, while Golyan Group will own the remaining 40 per cent.

Rai remarked that this joint venture signifies "a powerful alliance between Nepal and India, combining our expertise to lead the global decarbonisation movement. Together, we are setting new benchmarks for clean energy and sustainability in Nepal."

Akshay Golyan expressed confidence in the partnership, noting that Nepal's rapid growth in the renewable energy sector would open new opportunities for both companies. He emphasised that they had united through their shared vision and the vast potential ahead.

The joint venture will focus on developing both solar rooftop and ground-mounted photovoltaic (PV) solar plants. The energy generated from these projects will be sold to the Nepal Electricity Authority (NEA) and various commercial and industrial consumers.

According to the agreement, Prozeal Green Energy will act as the EPC (Engineering, Procurement, and Construction) development company, utilizing its extensive expertise in renewable energy. Golyan Group will concentrate on business development, land acquisition, and financing.

Infrastructure Urban

15 Oct 2025

Hindustan Zinc’s Samadhan Empowers 35,000 Farmer Families in Rajasthan

Hindustan Zinc Limited (NSE: HINDZINC), the world’s largest and India’s only integrated producer of zinc, continues to drive large-scale rural transformation in Rajasthan through its flagship CSR initiative, Samadhan. Launched in partnership with BAIF Development Research Foundation, the program promotes sustainable farming, livelihood diversification, and rural entrepreneurship, and has now impacted over 35,000 farmer families across the state. Now in its latest phase, Samadhan is transforming agrarian communities by equipping farmers with knowledge, tools, and market linkages that are h..

Syensqo Launches Industry-First Certified Circular Elastomers and Lubricant Fluids

Syensqo, a global leader in high-performance specialty polymers, has announced the launch of the industry’s first portfolio of certified circular-content elastomers and lubricant fluids, now available globally. The new materials, produced at the company’s Spinetta Marengo facility in Piedmont, Italy, feature up to 29% post-industrial recycled (PIR) hydrofluoric acid (HF) via a mass balance certification system. This innovation supports both circularity and supply chain resilience, responding directly to growing demand from customers seeking sustainable alternatives in high-performance mat..

TKIL Industries Brings Hydrogen-Ready CHP Systems to India

TKIL Industries (formerly thyssenkrupp Industries India), a leader in industrial engineering and manufacturing, has entered a strategic partnership with 2G Energy International GmbH, a globally recognized German manufacturer of Combined Heat and Power (CHP) plants and gas engines. The collaboration will bring advanced, 100% hydrogen-ready CHP solutions to the Indian market, supporting the country’s push towards industrial decarbonization and clean energy leadership. With proven global installations and efficiencies of up to 98%, 2G Energy’s systems are compatible with a wide range of fuel..