Your Odisha factory pays ₹15 crore annually to the grid. You'll pay for 25 more years.
Build a captive solar plant. Own 26%+. No CSS. 25% wheeling exemption. 5-year payback with Odisha incentives.
Why captive wins in Odisha
Captive = You own 26%+ of the plant. Your company or group company. Not a PPA. Not open access. Your asset.
What you avoid:
- Zero CSS — open access pays ₹1.10-2.50/kWh. You pay nothing.
- 25% wheeling exemption under OREP-2022
- Stamp duty exemption on land
- Electricity duty exemption (50 paise/unit)
What you get:
- 80% accelerated depreciation (40% Year 1, 40% Year 2)
- Asset on balance sheet
- Complete cost control
- Plant-side BESS — evening delivery, GRIDCO compliance, no curtailment
CSS savings alone: For 50 MW load, ₹15-25 crore annually vs open access.
Real numbers: 50 MW captive plant — Odisha
Traditional Grid Power:
- Consumption: 175 GWh/year
- Grid tariff: ₹9/kWh
- Annual cost: ₹15.75 crore
- 25-year cost: ₹788 crore (8% escalation)
- You own: Nothing
Dedicated Solar + Plant BESS (Captive):
- Capex: ₹100 crore (solar + plant-side BESS)
- Generation: 175 GWh/year
- Operating cost: ₹1.8 crore/year (O&M)
- Annual savings: ₹13.95 crore
- Payback: 7.2 years (5.0 years with Odisha subsidies + depreciation)
- 25-year cost: ₹145 crore (capex + O&M)
- 25-year savings: ₹643 crore
- You own: ₹100 crore power plant
Depreciation benefit:
- Year 1: ₹40 crore (40% of ₹100 crore)
- Year 2: ₹40 crore (40% of ₹100 crore)
- Tax savings: ₹20 crore over 2 years
- Real payback after tax: 5.3 years
Odisha incentives that matter
OREP-2022 (Odisha Renewable Energy Policy):
25% Wheeling Exemption — Captive renewable consumers get 25% off wheeling charges. Reduces delivered cost.
Stamp Duty Exemption — Land lease/purchase for RE projects. Saves ₹20-50 lakh on typical project.
Land Bank — State facilitates land allocation. Non-agricultural conversion. Streamlined for RE.
SPCB Clearance — Exemption for solar/wind. Faster permitting. No environmental clearance delay for solar.
Electricity Duty — 50 paise/unit exemption for renewable consumers.
No CSS — Captive is exempt. Open access pays. You don't.
Captive vs open access in Odisha
Open Access:
- Zero capex
- Pay CSS + wheeling + transmission
- Third-party owns plant
- Faster to sign
- Higher long-term cost
Captive:
- ₹100 crore capex (50 MW example)
- No CSS. 25% wheeling exemption.
- You own 26%+
- Depreciation benefits
- Lower 25-year cost. ₹300-400 crore savings vs open access.
When captive wins: 20+ MW load. ₹10+ crore annual power bill. Strong balance sheet. Tax liability for depreciation. 15+ year horizon.
When open access wins: Want zero capex. Don't want ownership. Need power in 6 months. Accept higher long-term cost.
Who should build captive in Odisha
Industries:
- Steel and sponge iron (Angul, Jharsuguda)
- Aluminum (Angul)
- Chemical plants (Paradip)
- Cement (multiple districts)
- Large textile, food processing
Profile:
- 20+ MW power requirement
- Land available (100+ acres) or willing to acquire
- Tax liability for depreciation
- Long-term operations (15+ years)
Location: Angul, Jharsuguda, Khurda, Paradip — all have grid evacuation. OREP-2022 applies state-wide.
What we deliver
Turnkey captive solar:
- EPC — we build your plant
- 25-year O&M — we operate it
- Plant-side BESS standard — evening delivery, GRIDCO compliance
- Reliability tier optional — on-site BESS for 99.95% uptime SLA
Structure:
- You own 26%+ (captive compliance)
- We own balance, operate, maintain
- Or: You own 100%, we do EPC + O&M
Timeline: 12 months land to power. Faster with land bank.
The Odisha captive reality
OREP-2022 incentives are live. 25% wheeling. Stamp duty. Land bank. No CSS. Policy valid until March 2030.
Depreciation + Odisha incentives = 5-year payback. Then 20 years of near-zero power cost.
For 20+ MW industries in Odisha with capex capacity and tax appetite.
Request a captive feasibility—we'll model your facility, Odisha incentives, and payback with actual numbers.