Dilip Buildcon Limited has been declared the successful bidder for a large-scale solar power project awarded by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL). The Engineering, Procurement and Construction (EPC) contract is valued at ₹4,900 crore, excluding GST, and is being awarded under the PM-KUSUM-C (Surya Mitra Krishi Solarization) scheme.
Project Details
The project involves the development of grid-connected solar photovoltaic power plants with a total capacity of 1,363.55 MW (AC). The power generated from the project will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL) under a long-term power purchase agreement.
| Parameter | Details |
| Project Capacity | 1,363.55 MW (AC) |
| EPC Contract Value | ₹4,900 crore (excluding GST) |
| Awarding Authority | Madhya Pradesh Urja Vikas Nigam Limited |
| Power Buyer | Madhya Pradesh Power Management Company Limited |
| Power Purchase Agreement | 25 years |
| Execution Period | 18 months |
| Category | Non-DCR |
Contract Structure
The EPC contract will be executed through multiple special purpose vehicles (SPVs). Dilip Buildcon will be responsible for the end-to-end execution of the project, including development, design, engineering, procurement, construction, testing, commissioning, and operations and maintenance of the solar PV power plants.
The project is governed by a competitive tariff-based power purchase agreement in line with guidelines issued by the Ministry of New and Renewable Energy (MNRE), regulations of the Madhya Pradesh Electricity Regulatory Commission (MPERC), and the Model PPA framework.
Summary
Dilip Buildcon Limited has secured a ₹4,900 crore EPC contract from MPUVNL for the development of a 1,363.55 MW grid-connected solar power project under the PM-KUSUM-C scheme. The project will be executed over 18 months through multiple SPVs, with power to be supplied to MPPMCL under a 25-year power purchase agreement.
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