Group Captive

Group captive solar farm is MW scale solar power plant developed on Capex Model in a remote location by SPV company. SPV is project special purpose vehicle company. All electricity consumer which is as an investor in this model will have equity share in SPV company.

Lowest Cost: Industries and Commercial establishments tend to have a higher tariff which directly affects their profits. A Group Captive scheme helps reduce their power costs considerably. Besides getting regular, reliable and cheap power, the transmission and distribution losses also come down through group captive power plants because the power is produced locally and consumed locally.
Cross subsidy: By section 42 of the Electricity Act, 2003 the consumers of captive power scheme are exempt from paying cross subsidy charges. The same is applicable for Group Captive consumers.
Power Cuts: In case of a power cut, industrial consumers face heavy productivity losses leading to financial losses. Group captive scheme, circumvents this frustrating problem entirely.