The project, which will cost about $225 million, will be set up in about 18 months Welspun Group, the country's largest solar power developer, has won a 125 MW solar photovoltaic project in Madhya Pradesh, a top company official said today.

"We bid Rs 8.05 per unit to bag the 125 megawatts (MW) out of 200 MW that was auctioned by the Madhya Pradesh government," Welspun Energy Ltd Managing Director Vineet Mittal said here.