Jakson Group Wins a Contract from Delhi Metro Rail Corporation (DMRC)

Signs Power Purchase Agreement (PPA) with DMRC to install three rooftop Solar Power Plant. The units are to be installed at two DMRC metro stations and one resident complex 250Kwp aggregate power capacity of all the three units. End Quote

(1888PressRelease) August 08, 2014 - Jakson Group, India's leading power solutions company, has beaten stiff competition to secure a prestigious contract from Delhi Metro Rail Corporation (DMRC) to install rooftop solar power plants. Under the deal, the company will set up solar roof top plants at DMRC's three premises with an aggregate capacity of 250 Kwp. The company is targeting to commission the three projects within next six months.

Mr. Sundeep Gupta, Joint-Managing Director, Jakson Group said, "Given the concern for the environment, we at Jakson Group, continue to develop innovative energy efficient green power solutions. This association with India's foremost metro corporation, DMRC is another step to create a better tomorrow. With our expertise and rich engineering heritage, we are positive about completing the projects within the deadline. This contract is just the beginning and we are looking forward to a long and mutually beneficial relationship with DMRC. After the successful installation of these units, we are optimistic of getting more such contracts for other stations, depots, parking lots as well as residential complexes."

Jakson Engineers Ltd. the arm of Jakson Group has signed a Power Purchase Agreement (PPA) with DMRC. As part of the agreement, the company will set up rooftop solar power plants at Pragati Maidan Metro Station (85Kwp), Anand Vihar Metro Station (115Kwp) and Metro Enclave, Saket (50 Kwp). The power generated by these plants will be used for DMRC's operational requirements including station lighting and other loads. The plants will come up as per the RESCO model. Under this model, DMRC will pay for the units generated by the plants and the capital investment shall be provided by Jakson.

About Jakson Group (http://www.jakson.com)
Established in 1945, Jakson Group is one of the leading Power Solutions Group in India today. With 4 companies in its fold, the group has a strong presence in various sectors. The group has more than 1800 employees and its current revenues exceed Rs. 1350 crores with a sales and service network spread across India, Nepal, Bangladesh and Singapore.

The group's core businesses include Generating Sets, Power Distribution, Solar Power, Electrical Contracting, GTC, Defence & Oil, International Business and Hospitality delivering comprehensive services in the market.

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