Prozeal Green Energy and Golyan Power form a joint venture to develop 500MW solar projects in Nepal within 18 months.
Prozeal Green Energy, based in Ahmedabad, and Nepal's Golyan Power have formed a joint venture to develop over 500 MW of solar energy projects in Nepal within 18 months. Prozeal will hold a 60% stake, while Golyan will own 40%. The initiative will include solar rooftop and ground-mounted installations, with generated energy sold to the Nepal Electricity Authority and commercial consumers. Prozeal will handle construction, while Golyan will manage development and financing.
September 06, 2024
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