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Energy Law
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 you through better deliverables, time and cost savings and above all, intelligent solutions.
India has one of the largest requirements for energy in the world. The energy sector is primarily categorized into two segments: electricity and petroleum (including gas).
Electricity
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, cogeneration, 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.
Petroleum
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 and offshore 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.