Dilip Buildcon Wins ₹49 Billion EPC Order for 1,363 MW Solar Project in Madhya Pradesh

Dilip Buildcon Limited has been declared the L-1 bidder for a 1,363.55 MW AC solar power project’s  engineering, procurement, and construction order valued of ₹49 billion by Madhya Pradesh Urja Vikas Nigam Limited, the company informed in a regulatory filing to exchanges today.

The project, to be executed over 18 months,  involves establishing grid-connected solar photovoltaic power plants under the Feeder Solarization component of the PM KUSUM - C (Surya Mitra Krishi Solarization) scheme in the Non-DCR category. The project will be implemented through multiple special purpose vehicles (SPVs), and the power generated will be sold to the Madhya Pradesh Power Management Company Limited (MPPMCL) under a 25-year arrangement, according to the filing.

The scope of work encompasses development, design, engineering, supply, construction, testing, and commissioning. It also mandates comprehensive operation and maintenance (O&M) for 25 years from the Scheduled Commercial Operation Date (SCOD). The contract terms include a competitive tariff-based power purchase agreement (PPA) governed by Ministry of New and Renewable Energy (MNRE) guidelines and Madhya Pradesh Electricity Regulatory Commission (MPERC) regulations.