Dilip Buildcon, through its joint venture (JV) with DBL-APMPL, has won Madhya Pradesh Jal Nigam’s (MPJN) auction for developing a 100 MW solar project at Madhya Pradesh’s Ramnagar and Dhanwada villages.

The JV has a shareholding pattern of 74% by Dilip Buildcon and 26% by APMPL.

The project will supply power to MPJN for 25 years from the date of commissioning at a power supply rate of ₹2.09 (~$0.023)/kWh with non-domestic content requirement panels.

MPJN floated the tender for the project in July this year.

The Bhopal-based infrastructure development company said in a regulatory filing that it had received the letter of acceptance for the solar project.

According to the terms of the tender, Dilip Buildcon must design, engineer, supply, construct, erect, test, and commission the solar project. It also involves providing operation and maintenance services for 25 years.

The power generated from the solar project is intended for MPJN’s captive consumption to ensure long-term power supply at a fixed tariff.

MPJN will provide approximately 315 acres of land for the project.

The construction period has been fixed at 24 months.

MPJN will hold a 26% equity share in the project company, infusing ₹312 million (~$3.52 million) as equity or a similar financial instrument to maintain its ownership in accordance with the captive mode rules. Dilip Buildcon will hold the remaining 74% equity through its joint venture structure.

In July this year, MPJN issued a tender to develop a 60 MW grid-connected wind project under captive mode. The proposed capacity can be extended up to 62 MW, depending on the selected wind turbine generators. The power from the wind project will be wheeled under open access to MPJN’s water pumping and water treatment plants.

In March 2024, MPJN invited bids for consultancy services for 100 MW solar and 60 MW wind power projects under the group captive mechanism.