Group Captive & Open Access
An SPV you part-own supplies power over the PSPCL network — cross-subsidy surcharge exempt, with tariff visibility for the life of the plant.
How it works → Solar development · EPC · Asset care
Powering industry.
Shaping tomorrow.
Solar infrastructure built around your business. From rooftop systems to Group Captive and Open Access, we bring development, engineering and long-term operations together.
Local presenceOffice in Ludhiana with direct access to the project team
Transparent proposalsEvery number in a proposal is traceable to a stated input
Direct accountabilityYou deal directly with the people accountable for the project
Long-term O&MWe stay on the asset after commissioning, not just through it
0%Minimum equity a consumer holds in the SPV to qualify as a captive user
0%Share of annual generation the captive group must consume
4.8–5.2kWh/m²/day global horizontal irradiance across Punjab
18–19%Capacity utilisation factor a well-designed Punjab plant holds
Statutory thresholds under the Electricity Rules, 2005 and typical Punjab resource figures — the four numbers every industrial solar decision is built on.
Project gallery
Built with purpose.
Seen in the details.
01 Solutions
Four ways to put solar behind your meter
C&I Rooftop Solar
Shed and factory rooftops converted to generation under net metering, sized to daytime load and structurally verified before a single module lands.
How it works →Ground Mount & Utility Scale
MW-scale plants on acquired or leased land, engineered around evacuation capacity and HT connectivity from the first site visit.
How it works →RESCO / PPA
We fund, build, own and operate. You sign a long-term PPA and pay only for the units you consume, at a rate below your grid tariff.
How it works →02 What you get in writing
Clear scope. Informed decisions.
Review the proposed system, commercial terms and financial assumptions together. Our proposal brings the technical scope, generation estimate and project economics into one clear document.
Proposal · contents
01
Consumption analysis12 months of billed units, MD, tariff category and daytime share
Analysis02
Capacity & layoutSizing logic, module and inverter selection, area or land take
Design03
Generation modelIrradiance source, CUF, losses, degradation — every input stated
Estimate04
Regulatory positionApplicable charges, exemptions and the PSERC order they follow
Review05
FinancialsCapex or tariff, savings year on year, IRR and payback
Financials06
Risks & assumptionsWhat could change the answer, and by how much
Assumptions03 Why BPD
Panels are a commodity. The paperwork is not.
What separates a project that saves money from one that stalls is everything between your meter and the substation — and knowing, before you commit, which of it will actually clear.
Regulatory fluency
PSPCL, PSERC and SLDC processes, current open access charges, banking rules and the exemptions that apply to your category.
Bankable modelling
Generation, degradation and CUF assumptions written down so a lender or your finance team can audit the number, not just receive it.
Honest feasibility
If the numbers do not work at your site, you hear it at stage one — not after you have paid for a detailed project report.
Compliance that holds
Captive status must survive at 26% equity and 51% consumption year after year — we structure and document it to be defensible.
Punjab industry fit
Forging, textiles, hosiery, auto components, foundries and food processing — plants with real daytime load and real HT connections.
Engineering discipline
Structural verification, shadow analysis, evacuation study and wind-load rated structures before procurement is released.
Energy accounting
Monthly settlement against consumption, banking reconciliation and performance reporting for the life of the plant.
One accountable partner
Feasibility, structuring, approvals, EPC and O&M under a single contract — no gaps between vendors for a problem to hide in.
04 Process
How a Group Captive project comes together
Six stages, in this order. Nothing after stage two can be fixed by better engineering, which is why we spend real time at the front.
01
Load & billing study
Twelve months of PSPCL bills, load pattern and tariff category analysed to size the plant against actual daytime consumption.
02
Site & connectivity feasibility
Land, irradiance, soil, and — decisively — evacuation headroom at the nearest substation and the wheeling route to your plant.
03
SPV & equity structuring
Special purpose vehicle incorporated, your 26% equity and 51% consumption commitment documented to survive an audit of captive status.
04
Regulatory approvals
Open access application, connectivity, PSERC-notified charges, SLDC scheduling and metering registration handled end to end.
05
EPC & commissioning
Procurement, civil, structures, DC and HT works, testing and charging — delivered to a schedule you can build a budget on.
06
Energy accounting & O&M
Monthly settlement against your consumption, banking reconciliation, cleaning and preventive maintenance for the plant's life.
05 Delivery
From first bill to a plant that pays for itself
Three phases, each with its own risks. We carry all three so nothing falls between contractors.
PHASE 01
Pre-construction
Everything that decides whether the project is worth doing. Consumption analysis, site and land feasibility, evacuation headroom, SPV structuring and every approval that has to clear before a rupee is committed to hardware.
- Twelve-month bill and load-profile analysis
- Site survey, irradiance assessment, soil and topography
- Connectivity and evacuation study at the nearest substation
- SPV incorporation, equity and consumption documentation
- Open access, net metering and SLDC registration filings
PHASE 02
Construction
With approvals in hand, execution moves to a schedule you can budget against — detailed engineering, procurement of specified equipment, civil and structural works, DC and HT systems, testing and grid charging.
- Detailed engineering, layout and single-line diagrams
- Procurement against written technical specifications
- Foundations, mounting structures and module installation
- Inverters, transformers, HT panels and evacuation line
- Pre-commissioning tests, inspection and charging
PHASE 03
Post-commissioning
Generation only becomes savings if it is measured, settled and maintained. We stay on the asset — monitoring output against the model, reconciling banked units and keeping performance where the proposal said it would be.
- Performance monitoring against modelled generation
- Monthly energy accounting and banking reconciliation
- Module cleaning cycles and preventive maintenance
- Annual captive-status compliance verification
- Fault response and spares management
06 Portfolio
Project shapes we develop
Forging unit
Group Captive, wheeled from a nearby district
- Capacity
- 2.5 MWp
- Model
- Group Captive SPV
- Siting
- Ground mount
- Turns on
- Evacuation headroom
Textile & hosiery
Rooftop across three shed blocks under net metering
- Capacity
- 800 kWp
- Model
- CAPEX
- Siting
- Rooftop
- Turns on
- Shed structure
Auto components
Zero-capex rooftop on a long-term PPA
- Capacity
- 500 kWp
- Model
- RESCO / PPA
- Siting
- Rooftop
- Turns on
- Site occupancy
Steel & foundry
Open access supply against a continuous HT load
- Capacity
- 5 MWp
- Model
- Open Access
- Siting
- Ground mount
- Turns on
- Banking terms
Food processing
Hybrid: rooftop for base load, open access for the balance
- Capacity
- 350 kWp + 1.5 MWp
- Model
- CAPEX + Captive
- Siting
- Roof + ground
- Turns on
- Seasonal load
Multi-unit group
One SPV supplying several units of the same promoter group
- Capacity
- 10 MWp
- Model
- Group Captive SPV
- Siting
- Ground mount
- Turns on
- Equity split
Representative project profiles. Capacities are indicative of the segment, not a claim about a specific commissioned plant.
VS
Varinder Singh
Founder & CEOB.Tech (LLR College, Moga, 2018). Before founding BPD, built a 200+ MW track record across O2 Power, Juniper Green Energy and Aditya Birla — Group Captive, open access and utility-scale rooftop.
07 From the founder
"Most industrial consumers are not short of solar offers. They are short of a straight answer on whether the project clears at their substation, and what it is actually worth per year. That answer is what we sell."
We started BPD Developers to work the part of this business most vendors skip — the regulatory and engineering diligence that decides whether an industrial solar project delivers the savings it promised, in year one and in year twenty.
About the company
IEC 61215 · Module design qualificationIEC 61730 · Module safety
IEC 62109 · Inverter safetyIS 875 · Wind & structural loads
CEA Technical Standards for ConnectivityPSERC Open Access Regulations
Electricity Rules, 2005 · Rule 3 captiveIS/IEC earthing & lightning protection
08 FAQ
Questions we are asked first
If your question is not here, send it directly — we answer with numbers, not brochures.
Ask us somethingUnder Rule 3 of the Electricity Rules, 2005, the consuming entity must hold at least 26% of the equity in the generating company and consume at least 51% of the electricity generated, measured annually. Meet both and the supply qualifies as captive — which is what exempts it from cross-subsidy surcharge.
Roughly 8,000–10,000 sq ft of clear, shadow-free roof per 100 kWp, depending on module wattage and the mounting layout your shed structure permits. The structural survey decides how much of the available area is actually usable.
Wheeling and transmission charges and losses apply, plus any additional surcharge as notified. Cross-subsidy surcharge does not apply to a qualifying captive arrangement. All figures are worked out on the PSERC order in force on the date of the proposal, since these are revised periodically.
Twelve months of PSPCL bills, your sanctioned load and contract demand, and either the approximate roof area or details of any land you hold. That is enough for an indicative capacity, the delivery model that fits, and a first savings estimate.
It depends on where your capital earns more. CAPEX gives you the asset, accelerated depreciation and the full saving; RESCO puts zero investment on your balance sheet and transfers generation and O&M risk to us, in exchange for a per-unit tariff. We model both against your numbers rather than recommending one by default.
A rooftop CAPEX project is usually measured in weeks once approvals are through. Group Captive and open access projects are governed by the approval and connectivity timeline rather than by construction — which is exactly why we front-load that work before committing to a schedule.
Send us twelve months of bills.
That is all we need to tell you what solar is worth to your plant — capacity, model, indicative tariff and payback, with the assumptions written down.
Company
Solar expertise.
Clear accountability.
BPD Developers Pvt. Ltd. develops, builds and operates solar generation for industrial and commercial consumers in Punjab. We work at the point where energy regulation, engineering and plant economics meet — because that is where industrial solar projects are actually won or lost.
What we do
We take an industrial consumer from a stack of electricity bills to a commissioned, correctly registered solar plant — and then keep it generating. That covers feasibility and DPRs, financial modelling, SPV and Group Captive structuring, open access and connectivity approvals, EPC delivery, and long-term operations, maintenance and energy accounting.
Our base is Ludhiana, and our work is shaped by the industry around it — forging, textiles, hosiery, auto components, foundries and food processing. Plants with real daytime load, real HT connections, and finance teams who want the assumptions spelled out.
At a glance
| Entity | BPD Developers Pvt. Ltd. |
|---|---|
| Base | Ludhiana, Punjab |
| Focus | Group Captive, Open Access, C&I rooftop, ground mount |
| Regulators | PSPCL, PSERC, Punjab SLDC |
| Models | CAPEX, RESCO / PPA, Group Captive SPV |
| Scope | Feasibility → approvals → EPC → O&M |
Track record
Built on 200+ MW of hands-on delivery
Before founding BPD, Varinder Singh's project development and execution career ran across three developers — the same discipline now runs BPD's own pipeline.
212.5+ MWCumulative capacity across roles prior to founding BPD
3States of delivery — Rajasthan, Gujarat and Maharashtra
3Developers — O2 Power, Juniper Green Energy and independent EPC delivery
2026Year BPD commissions its own solar park in Punjab
- First project (I&C): 12 MW across 5 blocks — Fatehgarh, Jaisalmer, Rajasthan.
- Front-led development on ReNew Power's 110 MW SECI project.
- 11 MW tracker-mounted project for Aditya Birla Hindalco — Uchdi, Bhavnagar, Gujarat.
- 75 MW — Jalkot, Jalgaon, Maharashtra — commissioned 2024.
- 2.5 MW in-factory extension for Oswal — Gandhidham — commissioned 2025.
- 2026: BPD's own solar park in Punjab, supplying a private factory consumer, structured at an indicative ₹4.30/unit on the client side. Model it for your own load in our Investor Tools.
Figures above are the founder's personal project-development track record at prior employers, stated for context on the team's experience — not a claim that BPD Developers Pvt. Ltd. itself built, owns or operates those plants.
Leadership
Leadership & accountability
VS
Varinder Singh
Founder & CEOB.Tech, LLR College, Moga (2018). Leads project development and the regulatory side of the business — feasibility, Group Captive and open access structuring, generation and financial modelling. Prior track record: O2 Power and Juniper Green Energy, 200+ MW across Rajasthan, Gujarat and Maharashtra.
How we work
Four commitments
Feasibility before optimism
Every proposal starts with your consumption data and the connectivity position at your nearest substation. If a site does not support the capacity, that is the first thing we tell you.
Assumptions on the page
Irradiance source, CUF, degradation, auxiliary and transmission losses, escalation, applicable charges — written into every model so your finance team can audit the number.
Compliance that survives review
Captive status has to hold at 26% equity and 51% consumption year after year. We structure and document projects to be defensible at every annual verification.
Accountable for generation
Our involvement does not end at charging the plant. Monthly energy accounting, banking reconciliation and preventive maintenance keep the savings on the books.
Quality, health & safety
Nothing gets built faster by being unsafe.
Site safety
Work-at-height protocol, electrical isolation and permit-to-work discipline for every HT activity, with a named safety point of contact on each site.
Quality checks
Material inspection on receipt, torque and continuity checks, string-level testing and thermographic scanning before handover.
Documentation
As-built drawings, test reports, warranty certificates and O&M manuals handed over as a complete set — not chased for months afterwards.
Want to know what your site supports?
A short conversation and your last twelve bills are enough for a first, honest answer.
Solutions
Built around your load, your roof and your tariff.
Four delivery models. The right one is decided by sanctioned load and consumption pattern, available roof or land, your PSPCL tariff category, and whether you want to own the asset or simply buy the power.
01 · Off-site · You part-own the asset
Group Captive & Open Access
A solar plant is built in a special purpose vehicle in which your company holds at least 26% equity and consumes at least 51% of the generation. Power is wheeled to your plant over the PSPCL network. Because the arrangement qualifies as captive, cross-subsidy surcharge does not apply — which is what makes the landed cost materially lower than a grid tariff.
What we handle
- Load and billing analysis, capacity sizing against daytime consumption
- SPV incorporation, shareholding and consumption-compliance documentation
- Connectivity and open access applications, PSERC-notified charge working
- SLDC registration, scheduling and special energy metering
- EPC delivery, commissioning and long-term energy accounting
Commercials to check before you commit
| Item | Applies to Group Captive |
|---|---|
| Cross-subsidy surcharge | Exempt |
| Additional surcharge | As notified |
| Wheeling & transmission charges | Applicable |
| Banking | Per PSERC order |
| Consumer equity in SPV | ≥ 26% |
| Consumption by captive group | ≥ 51% |
Charges are revised by PSERC from time to time. Every proposal is worked out on the order in force on its date — see the current figures and official orders on Policy & Charges, or run your own numbers in Investor Tools.
02 · On-site · Behind your meter
C&I Rooftop Solar
The fastest route to lower power cost when you have shed area and daytime load. Generation offsets consumption directly behind the meter, with no wheeling charges and no transmission losses. Sizing is set by your daytime demand and your connection's net metering limit — not by how much roof happens to be free.
What we handle
- Structural assessment of sheds, purlins and load-bearing capacity
- Shadow analysis and module layout to maximise usable roof
- Net metering application, sanction and inspection with PSPCL
- Mounting structures rated for site wind speed, DC and AC works
- Monitoring, module cleaning cycles and preventive maintenance
Planning assumptions we use
| Roof area per 100 kWp | ≈ 8,000–10,000 sq ft |
|---|---|
| Annual yield | ≈ 1,500–1,650 kWh/kWp |
| Typical CUF | 17–19% |
| Module warranty | 25–30 years performance |
| Delivery model | CAPEX or RESCO |
Indicative planning ranges for Punjab. Site-specific figures follow the structural and shadow survey.
03 · Off-site · MW scale
Ground Mount & Utility Scale
When rooftop area cannot carry the load, generation moves to land. These projects are won or lost on two questions asked early: does the nearest substation have evacuation headroom, and can the land be tied up cleanly. Engineering follows those answers — module technology, tracker or fixed tilt, and HT connectivity design.
What we handle
- Land identification, title and lease or purchase support
- Evacuation study, substation headroom and HT connectivity design
- Topography, soil investigation and foundation design
- Fixed-tilt or single-axis tracker evaluation against site economics
- Full EPC, testing, charging and long-term O&M
Typical project shape
| Land requirement | ≈ 3.5–4.5 acres per MWp |
|---|---|
| Capacity band | 1–25 MWp |
| Structure | Fixed tilt / single-axis tracker |
| Connection | 11 kV / 33 kV / 66 kV |
| Common model | Group Captive SPV |
04 · Any siting · Zero capital outlay
RESCO / PPA
For consumers who would rather not put capital into a power plant. BPD funds, builds, owns and operates the asset; you sign a long-term power purchase agreement and pay a fixed per-unit tariff, escalating on an agreed schedule, for the energy you actually consume. Savings begin from the first billed month.
How it compares
| CAPEX | RESCO / PPA | |
|---|---|---|
| Upfront investment | You | BPD |
| Asset ownership | You | BPD |
| Accelerated depreciation | Yours | Not applicable |
| O&M responsibility | Contracted | BPD |
| Generation risk | You | BPD |
| You pay for | The plant | Units consumed |
Suits you if
- Capital is better deployed in your core manufacturing
- You want a tariff below your grid rate without owning an asset
- Your consumption is stable and the site will be occupied long term
- You would rather someone else carry generation and O&M risk
Also delivered
Services that stand on their own
Feasibility studies & DPRs
Bank-ready detailed project reports: resource assessment, generation modelling, layout, connectivity, cost and financial returns.
Regulatory & approval support
Open access, connectivity, net metering, SLDC registration and PSERC filings — prepared, submitted and followed through.
O&M and energy accounting
Performance monitoring, cleaning cycles, preventive maintenance, monthly settlement and banking reconciliation.
Not sure which model fits?
Send your load details and last twelve bills. We will come back with the two options that actually apply to your connection, and the arithmetic behind each.
Projects
Work shaped by Punjab's industry.
Explore our project photographs below. The separate illustrative profiles explain typical project configurations and commercial models.
Our work, in focus.
19 images · Select a photo to explore
Forging unit
Group Captive, wheeled from a nearby district
- Capacity
- 2.5 MWp
- Model
- Group Captive SPV
- Siting
- Ground mount
- Turns on
- Evacuation headroom
Textile & hosiery
Rooftop across three shed blocks under net metering
- Capacity
- 800 kWp
- Model
- CAPEX
- Siting
- Rooftop
- Turns on
- Shed structure
Auto components
Zero-capex rooftop on a long-term PPA
- Capacity
- 500 kWp
- Model
- RESCO / PPA
- Siting
- Rooftop
- Turns on
- Site occupancy
Steel & foundry
Open access supply against a continuous HT load
- Capacity
- 5 MWp
- Model
- Open Access
- Siting
- Ground mount
- Turns on
- Banking terms
Food processing
Hybrid: rooftop for base load, open access for the balance
- Capacity
- 350 kWp + 1.5 MWp
- Model
- CAPEX + Captive
- Siting
- Roof + ground
- Turns on
- Seasonal load
Multi-unit group
One SPV supplying several units of the same promoter group
- Capacity
- 10 MWp
- Model
- Group Captive SPV
- Siting
- Ground mount
- Turns on
- Equity split
Representative project profiles illustrating typical capacity, model and siting decisions. Capacities are indicative of the segment, not a claim about a specific commissioned plant.
Evaluation
What we look at before proposing anything
- Consumption. Twelve months of bills — units, maximum demand, tariff category, power factor and how much of the load actually runs in daylight.
- Connection. Voltage level, sanctioned load, contract demand and the metering arrangement at your boundary.
- Space. Usable roof area and shed condition, or land parcel, access and topography.
- Grid. Distance to the nearest substation, evacuation headroom and the wheeling route your power would take.
- Commercials. Charges in force under the current PSERC order, banking terms and applicable exemptions.
- Intent. Whether you want to own the asset, claim depreciation, or simply buy cheaper units.
Your plant is the next profile.
Tell us the segment, the location and the load. We will tell you which of these shapes it fits.
Policy & Charges
Open access, Group Captive and the charges that actually land on a unit.
Which states allow open access, how much a factory can actually install, and — for a Punjab Group Captive or open-access project — the wheeling, transmission, banking, cross-subsidy and GST charges that apply. Every figure below is sourced to the regulator, the DISCOM or CBIC, with the official order or PDF linked at each point. Charges are revised periodically — always confirm the order in force on your proposal date.
Where open access applies, and how much you can install
The Electricity (Promoting Renewable Energy Through Green Energy Open Access) Rules, 2022 set the national floor: any consumer with a connected/contracted load of 100 kW or more can seek open access to buy green power. For the Group Captive route there is no load threshold at all — sizing is set entirely by the 26% equity / 51% consumption test under Rule 3, not by a capacity cap.
In Punjab specifically: rooftop net-metering for a commercial or industrial connection is capped at 1 MW per connection. A Group Captive or open-access ground-mount plant carries no such cap — it is sized to your land, the evacuation headroom at the nearest substation and your consumption, not a policy ceiling.
Open-access "friendliness" — approval speed, connectivity process, surcharge levels — varies by state. Industry read: comparatively easier in Rajasthan, Gujarat, Karnataka and Madhya Pradesh; more procedure and higher surcharges in Maharashtra, Uttar Pradesh, Haryana, Tamil Nadu, Telangana and Bihar. Punjab is workable on the Group Captive route — the wheeling, loss and surcharge figures below are what make up the landed cost here.
Capacity you can install
| Route | Cap |
|---|---|
| Rooftop net-metering (C&I, Punjab) | Up to 1 MW / connection |
| Group Captive / open access, ground mount | No regulatory cap |
| Standard (non-captive) open access | ≥ 100 kW load to qualify |
Ground-mount Group Captive capacity is a site and consumption question, not a licensing one — subject to substation evacuation headroom.
The two rules that decide eligibility
What has to be true for a project to qualify
Rule 3, Electricity Rules, 2005 — Captive Generating Plant
The consuming entity (or group of consumers) must hold at least 26% of the equity in the generating company, and consume at least 51% of the electricity generated, measured annually on a financial-year basis. For an association of persons, consumption must track ownership share within a 10% variance. Fall short in any year and the supply is reclassified as ordinary sale, losing the captive exemption.
Electricity Rules, 2005 — official PDF ↗Green Energy Open Access Rules, 2022
Set the 100 kW open-access eligibility floor, removed any load limit for the captive/Group Captive route, capped approval timelines (nodal agency to decide within 15 days), and standardised green tariff determination across states — the framework Punjab's own open access process sits under.
Ministry of Power — official announcement ↗ Punjab charges
Losses & charges on Group Captive / open access power — FY 2025-26
What PSPCL bills on wheeled energy under the tariff order effective 1 April 2025 – 31 March 2026. These are exactly the defaults our Investor Tools calculator starts from.
| Charge | Rate | Notes |
|---|---|---|
| Wheeling charge | ₹2,85,216 / MW / month (long/medium-term OA) ₹685.88 / MWh (short-term OA) | Long/medium-term is a capacity charge, not per-unit; ≈ ₹0.69/unit on a short-term basis |
| Transmission & distribution loss | 2.21% at 132/220/400 kV 3.99% at 66/33 kV 6.97% at 11 kV | Borne in kind — deducted from wheeled energy; higher at lower connection voltage |
| Cross-subsidy surcharge (CSS) | Large Supply ₹0.57/unit Non-Residential ₹1.11/unit Bulk Supply ₹0.85/unit | Waived entirely for a qualifying Group Captive consumer |
| Additional surcharge | As notified — set separately for full and partial open access | Applies even to captive consumers (only CSS is captive-exempt); confirm the current rate from PSERC before quoting |
| Banking loss | Per the PSERC Open Access Regulations in force | Typically a single-digit % of banked units |
GST on a solar EPC contract
Under CBIC Circular No. 163/19/2021-GST (6 October 2021), a solar power generating system supplied as a composite works contract is valued as 70% goods and 30% services. Goods attract 5% GST, services attract 18% GST — a blended effective rate of about 8.9% on the total contract value, not a flat 18%.
General information, not tax advice — GST treatment can differ if goods and services are billed under separate contracts. Confirm applicability to your specific structure with your CA.
70:30 valuation split
| Component | Share | GST rate |
|---|---|---|
| Goods (modules, inverters, structure, cable, etc.) | 70% | 5% |
| Services (installation, commissioning) | 30% | 18% |
| Blended effective rate | 100% | ≈ 8.9% |
Official sources
Everything above, straight from the source
PSERC — official website
Punjab State Electricity Regulatory Commission — regulations, tariff orders and public notices.
Open ↗PSPCL open access charges, FY 2025-26
Wheeling, transmission & distribution loss and cross-subsidy surcharge — commercial circular.
Open PDF ↗PSPCL Supply Code, 2024
Consolidated supply code governing metering, billing and connection terms.
Open PDF ↗Electricity Rules, 2005
Rule 3 — the 26% equity / 51% consumption test for a Captive Generating Plant.
Open PDF ↗Green Energy Open Access Rules, 2022
National open-access eligibility framework — Ministry of Power.
Open ↗GST — Circular 163/19/2021-GST
CBIC clarification on the 70:30 goods/services valuation for solar power projects.
Open PDF ↗This page is a plain-language summary for planning purposes, not legal or tax advice. Regulatory charges are revised periodically by PSERC/PSPCL and tax notifications by CBIC — always confirm against the order in force before finalising a proposal.
Want these run against your own numbers?
Use the figures above as the defaults, then design your own plant and see the full 25-year picture.
Investor Tools
Design your own plant. See your own numbers.
Set a capacity, a tariff and a financing structure, and this page builds the same model our DPRs are built from — generation, Group Captive charges, energy accounting, and a full 25-year cash flow with IRR, DSCR, NPV, payback and PAT. Every field is editable; nothing here is locked to a template.
Design panel
Your project inputs
Defaults are typical Punjab industrial assumptions. Change anything — every output recalculates immediately.
Plant & site
Capex & financing
O&M, land rent & tax
PPA & tariff
₹4.30/unit is BPD's own indicative 2026 Punjab park rate on the client side — replace it with your own quoted or target tariff.
Group Captive losses & charges (₹/unit, on wheeled energy)
Defaults are PSPCL's FY 2025-26 order for a Large Supply industrial connection: wheeling ≈ ₹0.69/unit (short-term open access), CSS ₹0.57/unit (Non-Residential ₹1.11, Bulk Supply ₹0.85 — pick per your category), T&D loss shown as an approximate ₹/unit equivalent (actual: 2.21%–6.97% of energy, by voltage). Additional surcharge defaults to 0 — insert the current PSERC-notified rate before quoting, it is not captive-exempt. Full figures, official orders and PDFs: Policy & Charges.
Consumption & 15-minute energy accounting
Settlement between Group Captive generation and your consumption is done block-by-block (96 × 15-minute blocks/day). Only the shortfall in each block — Import from grid — is billed at the grid/DISCOM rate; surplus is banked, not shown as a separate export line here.
KPI
Headline returns
—Equity IRR (25-yr)
—Project NPV at your discount rate
—Average DSCR across loan tenure
—Simple payback period
—Simple ROI on equity (avg. annual)
—Current ratio (year 1)
—Cumulative PAT, 25 years
—Year-1 generation (units)
Indicative model for planning discussions only — not a substitute for an audited DPR, a lender's technical due diligence, or your CA's tax computation.
Loan vs. bill vs. solar
Same consumption, three ways to pay for it — monthly, year 1.
Grid bill only
—
EMI + O&M
—
Tariff × units
—
Group Captive: landed cost build-up
Per-unit charges on wheeled energy vs. your PPA tariff and the grid tariff.
| Component | ₹ / unit |
|---|
15-minute block energy accounting (illustrative day)
Generation vs. consumption across a representative day. Only Import from grid is tracked as a settlement line, per BPD's accounting convention — surplus blocks are banked, not shown as export.
| Time block | Generation (kWh) | Consumption (kWh) | Import from grid (kWh) |
|---|
25-year cash flow
Generation, revenue, O&M, land rent, EMI, tax and cash flow, year by year.
| Yr | Gen (units) | Revenue (₹L) | O&M (₹L) | Land rent (₹L) | EBITDA (₹L) | Deprec. (₹L) | EBIT (₹L) | Interest (₹L) | PBT (₹L) | Tax (₹L) | PAT (₹L) | Principal (₹L) | DSCR | Net CF to equity (₹L) | Cumulative CF (₹L) |
|---|
Contact
Let's look at your numbers.
Share your load details and recent electricity bills and we will come back with an indicative capacity, the delivery model that fits, and what it is worth to you per year.
Office address
BPD Developers Pvt. Ltd.4R, Industrial Area-B, Back Side MCL Office,
Gill Road, Ludhiana — 141003
Punjab, India Open in Maps
Direct lines
Helpful to attach
- Last 12 PSPCL bills (PDF or photos)
- Sanctioned load and contract demand
- Rough roof area, or land parcel details
Large files? Email them directly to varinder@bpse.co.in.