We have a good understanding of the myriad of enactments / provisions that are applicable to the energy sector which helps us pinpoint the applicable provisions which ultimately benefit our clients through better deliverables, time and cost savings and above all, intelligent solutions.
India has one of the largest requirement for energy in the world. The energy sector is primarily categorized into two segments: electricity and petroleum (including gas).
Electricity is categorized as conventional and nonconventional, although subject to different sets of regulations; all aspects of electricity are governed by the Electricity Act of 2003. The National Electricity Policy is a guiding principle for the industry, which controls tariff and the generation, transmission and distribution of electric power. There are policies and guidelines for thermal energy, co-generation, biomass, captive power, wind energy and hydro power. India allows 100% Foreign Direct Investment (FDI) in projects relating to electricity generation, transmission and distribution, other than nuclear power plants. There is no limit on the size of the project and the quantum of foreign direct investment.
Oil, gas, and coal bed methane are the three main verticals of the petroleum sector in India. All verticals are essentially governed by relevant laws, however, a myriad of other enactments are applicable as well. India has reasonable potential for both onshore as well off-shore exploration and production activities in all three verticals. In the downstream segment, petroleum and gas distribution offers plenty of opportunities. India is also expanding its city gas distribution network program.
How can we help :
The Firm handles all legal issues providing client one-stop shop for their legal needs. We are one of the few law firms in India which have a dedicated energy law practice offering a wide spectrum of services including but not limited to corporate advisory, corporate finance, equity and debt financing, private equity, capital markets, regulatory, transactional, contract bidding, litigation, technical assistance and analysis, labour and employment advisory, real estate, competition law/anti-trust with special emphasis to the energy sector in India. Our clients range from multinational companies and leading domestic companies to high net worth individuals. We represent clients involved in distribution, generation, transmission in both conventional as well non-conventional power segments.
We have vast experience in Conventional and Non-Conventional Energy, including :
- Natural gas
- Waste to energy
We assist clients in identifying their objectives and goals before suggesting solutions. We are and act as legal advisors to government bodies such as the Maharashtra State Electricity Board (MESB), Maharashtra State Electricity Distribution Company Limited (MSEDCL), Gujarat State Electricity Generation Co. Ltd. (GSEGCL).
The Firm typically advises its clients on issues concerning power generation, corporate finance, regulatory issues, regulatory litigation, private equity and equity/debt placement and many more. We advised the Gujarat State Electricity Generation Co. Ltd. on corporate issues and have acted as the sole legal advisor on their private placement of INR 781 million for their expansion plans.
In the Petroleum sector we provide advisory services for upstream and downstream activities, including exploration, coal bed methane, LNG, LNG terminals, city gas pipe projects, etc. We provide assistance in asset acquisition to post-acquisition consolidation and diversification. Our bid advisory assistance includes services ranging from evaluating the bid to preparing the bid, evaluating structuring options, tax due diligence, post deal integration and exit strategies. We have advised Cairn Energy for its PSC for one of their oil blocks in India.