25 MWp Open Access Captive Plant — Tamil Nadu

Tamil Nadu, India · Manufacturing

Overview

A 25 MWp group captive plant wheeling generation to three manufacturing sites under state open access, structured to meet the 26% equity and 51% consumption tests.

The challenge

Landed cost, not generation tariff, decided the business case — wheeling charges, cross-subsidy surcharge and banking terms were all under revision by the state commission during development.

What we did

We modelled landed cost under the current tariff order and stress-tested it against tighter banking rules before financial close, and structured the shareholding to hold group captive status on an annual basis. The plant delivers power at 41% below the consumers' prevailing industrial tariff.

Project data

Capacity25 MWp DC / 20 MW AC
StructureGroup captive, 26% equity / 51% consumption
Landed Cost Saving41% vs industrial tariff
Specific Yield1,604 kWh/kWp
Evacuation33 kV open access
Offtake3 manufacturing sites

Standards applied

Scope supplied

Related

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