Power Sector in India

India has the fifth largest power generation capacity and the third largest power transmission and distribution network in the world. However, the current production is inadequate to meet the present power and energy requirement in India; a major portion of India’s power and energy potential has not been harnessed till date. The present National Electricity Policy sets the goal of adding new generation capacity of more than one lakh MW by the year, 2012.   

Central Electricity Regulatory Commission at the national level and State Electricity Regulatory Commissions at the state level regulate the power and energy sector. As per the current policy, FDI up to 100% is permitted through automatic route in power generation (except atomic energy), transmission, distribution and power trading. Electricity Act, 2003, Energy Conservation Act, 2001 and State Electricity Reforms Acts are the main statutes on the power sector.   

CLG Power Sector Practice

The power and energy group at CLG includes lawyers having extensive experience in the sector and consultants, who had been part of the Power Reforms Process. Ms. Krishna Sarma, CLG’s Managing Partner sits on the Board of an Energy company involved in a mega hydro-electric project and other non-conventional energy projects. CLG has extensive experience in the solar energy sector. CLG’s power and energy group has extensive experience in advising, negotiating, drafting, vetting -