Energy Sector Practice Group

The Energy Sector Practice of Suri & Company is a practice vertical built upon the foresight and in-depth knowledge of the complexities probing the present energy sector market scenarios.

At Suri & Company, the ‘Energy Sector Practice Group’ has a team of dedicated professionals having expertise on the regulatory framework, policy and related technical issues of the energy sector.

After the liberalization of the power sector in India in 2003, there has been exponential growth in both the power generation and transmission capacity nation- wide. The distribution sector, on the other hand, has also recently gained prominence with several proposals approved by the government for investments through PPP and JV routes. At the same time, the sector is also witnessing a transition and preference towards ‘green and renewable energy sources’.

With the impetus exemplified by the government towards tapping the enormous potential of renewable energy in the nation and timely implementation of schemes for setting up Ultra Mega Solar Power Parks, Wind Energy and Hybrid Power Parks; the power sector is now becoming more aware to the concept of sustainability and conservation.

For the energy sector to sustain growth alongside the transition from conventional to renewable resources; there is now even more need to understand the sector-specific regulatory concerns, policy and the continuous addendums.

The Firm has a strong practise in compliance advisory and benefits for renewable energy companies and any of the consumers under the Energy Conservation Act, 2001 and its associated central and state policies. Our dedicated energy practice team, also possesses experience of working on bidding processes compliance, preparation of documents for acquisition and other compliances under Electricity Act, 2003 and Energy Conservation Act, 2001, their by-laws and state policies.

Our team of experts are well-conversant with the issues of power generation, power transmission and power distribution and have handled Power Purchase Agreements and contracts, grant of Open-Access assignments, Billing Collection and Disbursement contracts, issues of PoC computation and sharing of transmission charges, tariff revision, tariff adoption, mismatch liability, indemnification agreements for implantation phase etc.

Having worked closely with regulatory bodies, think tanks and government units on the issues and development of the energy sector; the team at Suri & Company has a reputable experience of representing clients before state electricity commissions, the Central Commission, Appellate Tribunals and also the Supreme Court of India.

The ‘Energy Sector Practice Group’ has also advised multilateral and expert credit agencies, commercial lenders, developers, sponsors and construction companies investing into the ‘energy sector’ on various forms of credit facilities, including project and equipment finance denominated in Indian Rupees and/or foreign currency.