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Energy &
Infrastructure

The tremendous impetus in the energy and infrastructure sector and global interest in the area in our country strengthens our position to have this particular practice as one of our core practice areas.

Our lawyers possess extensive knowledge of the legal and regulatory framework and the local markets in order to provide practical and solution-oriented advice, tailored to suit the commercial needs of our clients.

Specialised team

Our team comprises specialised lawyers in the energy and infrastructure practice area who are highly skilled, smart, motivated and thorough professionals. Our lawyers understand varied industries and sectors and have more than 15 years of rich experience in finding commercial solutions to legal problems.

Extensive experience

The Firm has extensive experience that range from corporate/ M&A/ foreign investments, bids/ tender assistance, project development and advisory, due diligence, contract negotiations and finalisation including concessions, EPC and O&M contracts and various other types of project contracts, project operations, financing, land issues, regulatory and tariff issues and disputes.

Best in class domain knowledge and technical skills

Argus Partners is widely recognised for its world-class energy and infrastructure practice. We have gained extensive knowledge and expertise in this field owing to constantly changing business environment and our experience in working closely with varied industry sectors.

Execution capabilities

Our team possesses a keen commercial sense which stands on deep legal expertise and experience in this space. Our ability to discern the nuances of our clients’ business challenges and find a solution within the dynamic regulatory framework makes us leaders in our fields.

We have extensively advised both public and private sector players in: corporate/ M&A/ foreign investments, bids/ tender assistance, project development and advisory, due diligence, contract negotiations and finalisation including concessions, EPC and O&M contracts and various other types of project contracts, project operations, financing, land issues, regulatory and tariff issues and disputes across various sectors such as:

  • Electricity (Thermal – generation, distribution and transmission)
  • Ports and Shipping (investments – M&A, development and financing)
  • Oil and gas (Upstream – Advising on NELP, HELP, PSC and RSC regime, farm-in, farm-out; Downstream – pipeline, CGD, gas sales and transmission, PNGRB, LNG – sales, port terminals, financing and re-gas)
  • Transport and Logistics (Roads/ Airports/ Bridges/ Rail – Investments- M&A and Joint Ventures, development, regulatory issues, construction and financing)
  • Mining (concessions, regulatory issues, MDO and financing)
  • Waste and Environment (solid waste, waste to energy, environment – concessions, project development, contracts and operations)
  • Renewables and Clean Energy (solar, wind, hydro, bio-gas – due diligence, project development, investments-M&A and joint ventures, EPC and O&M contracts and various other types of project contracts, project operations, financing, land issues, regulatory and tariff issues and disputes)
  • Water and other Utilities (concessions, project development, contracts and operations)
  • Urban Infrastructure/ Real Estate (bidding, project development, construction, financing and regulatory issues relating to various types of urban infrastructure projects such as residential projects, commercial projects, convention centres, townships, aero-city, railway stations, smart cities, etc.)

Select Experiences

  1. Advised Tata Steel Limited on entering into one of the largest captive power arrangement in India with TP Vardhaman Surya Limited (a subsidiary of Tata Power Renewable Energy Limited). The project comprised of a ~965.8 MW hybrid captive power ISTS connected project to be set up in various states in India.
  2. Advising Brookfield Renewables on its ISTS-connected captive power project located in Rajasthan including drafting the share subscription cum shareholders’ and power purchase agreement between Brookfield, the RE Developer and captive consumer.
  3. Advised JBM Renewables on its 70 MW solar captive power project in Haryana including drafting the shareholders’ arrangement between the developer, the SPV and captive consumer.
  4. Advised BluPine Energy on INR 1,787 crore financing for renewable energy projects.
  5. Advising AMPIN Energy Transition Private Limited (formerly known as AMP Energy India Private Limited ) on conducting title due diligence on: (a) 138 acres of land in Jharkhand; and (b) 1100 acres of land in Rajasthan, for setting up solar power projects.
  6. Advising Brookfield Renewables (Operating) India Private Limited on various diligence and regulatory issues pertaining to its project land in Rajasthan and Andhra Pradesh.
  7. Advised CTUIL (a subsidiary of PGCIL) on regulatory and contractual matters, including drafting a standard operating procedure for evaluating land documents submitted by connectivity applicants under the Detailed Procedure issued under Connectivity Regulations, and drafting a tripartite agreement between the transmission service provider, CTUIL, and the generating station to coordinate commissioning as per the Sharing Regulations mandated by CERC.
  8. Advising AMPIN Energy Transition Private Limited (formerly known as AMP Energy India Private Limited) on conducting title due diligence for land across multiple states for setting up solar power projects, including 138 acres in Jharkhand, 1,100 acres in Rajasthan, 65 acres in Maharashtra, and 181 acres in Odisha, with additional assistance in land acquisition for the Odisha project.
  9. Advising Suzlon Energy on setting up wind power projects on a turn-key basis, including a 67 MW project in Maharashtra and 500 MW across Karnataka (300 MW and 200 MW projects).
  10. Advising Henkel Adhesives on its captive power project in Maharashtra including drafting the shareholders’ arrangement between CleanMax and Henkel.
Key Partners
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Key Partners

Aayush Kumar

Partner

Aayush is a Partner in the Corporate and M&A, Private Equity & Venture...

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Krishnava Dutt

Managing Partner

Krishnava is the Founder and Managing Partner of Argus Partners and sits on the...

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Energy and Infrastructure

  1. Advised Tata Steel Limited on entering into one of the largest captive power arrangement in India with TP Vardhaman Surya Limited (a subsidiary of Tata Power Renewable Energy Limited). The project comprised of a ~965.8 MW hybrid captive power ISTS connected project to be set up in various states in India.
  2. Advising Brookfield Renewables on its ISTS-connected captive power project located in Rajasthan including drafting the share subscription cum shareholders’ and power purchase agreement between Brookfield, the RE Developer and captive consumer.
  3. Advised JBM Renewables on its 70 MW solar captive power project in Haryana including drafting the shareholders’ arrangement between the developer, the SPV and captive consumer.
  4. Advised BluPine Energy on INR 1,787 crore financing for renewable energy projects.
  5. Advising AMPIN Energy Transition Private Limited (formerly known as AMP Energy India Private Limited ) on conducting title due diligence on: (a) 138 acres of land in Jharkhand; and (b) 1100 acres of land in Rajasthan, for setting up solar power projects.
  6. Advising Brookfield Renewables (Operating) India Private Limited on various diligence and regulatory issues pertaining to its project land in Rajasthan and Andhra Pradesh.
  7. Advised CTUIL (a subsidiary of PGCIL) on regulatory and contractual matters, including drafting a standard operating procedure for evaluating land documents submitted by connectivity applicants under the Detailed Procedure issued under Connectivity Regulations, and drafting a tripartite agreement between the transmission service provider, CTUIL, and the generating station to coordinate commissioning as per the Sharing Regulations mandated by CERC.
  8. Advising AMPIN Energy Transition Private Limited (formerly known as AMP Energy India Private Limited) on conducting title due diligence for land across multiple states for setting up solar power projects, including 138 acres in Jharkhand, 1,100 acres in Rajasthan, 65 acres in Maharashtra, and 181 acres in Odisha, with additional assistance in land acquisition for the Odisha project.
  9. Advising Suzlon Energy on setting up wind power projects on a turn-key basis, including a 67 MW project in Maharashtra and 500 MW across Karnataka (300 MW and 200 MW projects).
  10. Advising Henkel Adhesives on its captive power project in Maharashtra including drafting the shareholders’ arrangement between CleanMax and Henkel.
  11. Advised BluPine Energy (Actis Group Company) on regulatory aspects concerning captive projects connected to ISTS network.
  12. Advised Amazon on issues arising in implementation of a captive renewable project in Maharashtra, due to a petition filed by MSEDCL before MERC to review the practice of captive power producers having a sale and purchase of power agreement with their captive consumers.
  13. Advised CleanMax Group on structuring a captive wind power project for a commercial mall.
  14. Advised Sansera Engineering Limited for establishment of a solar-wind hybrid captive power project in Karnataka and Maharashtra. The developer for the project was Clean Max Enviro Energy Solutions Private Limited.
  15. Advised Noble Tech Industries Private Limited on entering into a captive arrangement with Amplus to offtake 33.4 MW from a hybrid power plant set up in Tamil Nadu including drafting a share subscription cum shareholders’ agreement between Noble Tech and Amplus.
  16. Advised Oakridge Rooftops Private Limited on conducting title due diligence for setting up ground mounted solar projects on virtual net metering model in 2 (two) different villages of New Delhi.
  17. Advised Senvion Wind Energy Solutions on setting up and ownership of dedicated transmission infrastructure in relation to connecting power plant with state transmission line.
  18. Advised JBM Auto Limited on incorporation of a joint venture company between its subsidiary and a French conglomerate for undertaking EV charging infrastructure business.
  19. Advised EVQ Technologies Private Limited on structuring its overseas investment to establish its business of providing on-demand charging service for electrical vehicles outside India.
  20. Advised JBM Auto Limited on undertaking due diligence and on its transaction seeking an investment in their e-mobility platform having multiple subsidiaries.
  21. Advised V’Ocean Investments, advised by OAKS Asset Management, in the Series B funding raised by Hero Electric Vehicles Private Limited.
  22. Advised Whiteboard Capital on seed investment in Revoh (an EV sub-components manufacturing startup).
  23. Advised electric vehicle charging infrastructure startup, Exponent Energy (Exponent Energy Private Limited) on raising USD 26.4 million in a Series B round led by Eight Roads Ventures, and USD 13 million in its Series A funding round.
  24. Advised Turno (Blubble Private Limited), a commercial EV distribution and financing platform, on its USD 13.8 million Series A fund-raise.
  25. Advised SolarSquare Energy, a Mumbai based Cleantech solar rooftop startup, on its Rs. 100 Crore Series A funding round, led by Elevation capital and Lowercarbon.
  26. Advised State Bank of India, in relation to the credit facilities amounting to Rs. 104,45,00,000 provided by them to Clean Max Aditya Power Private Limited. for setting up of 59 roof top solar power projects with a total capacity of 39.95 MW.
  27. Advised ICICI Bank Limited in relation to the credit facilities aggregating to Rs. 212,50,00,000 to a renewable energy company in India for solar power project in Tamil Nadu.
  28. Advised State Bank of India in relation to the credit facilities aggregating to Rs. 150,95,00,000 to a renewable energy company in India for funding 78 solar rooftop power projects under US-India Clean Energy Finance Initiative (USICEF), launched by Overseas Private Investment Corporation (OPIC) and the Government of India.
  29. Advised ICICI Bank Limited in connection with the credit facilities, including rupee term loan, letter of credit and bank guarantee facilities, provided by them to Aditya Birla Renewables Subsidiary Limited. The funds were to be utilized, inter-alia, for implementation of a solar power project with a capacity of 30 MWp (DC) in Odisha.
  30. Advised ICICI Bank Limited in connection with the credit facilities, including rupee term loan, letter of credit, letter of undertaking and bank guarantee facilities, provided by them to Aditya Birla Renewables Limited. The funds were to be utilised, inter-alia, for implementation of a solar power project with a capacity of 20 MWp (DC) in Karnataka.
  31. Advised ICICI Bank Limited in connection with the credit facilities, including rupee term loan, letter of credit, letter of undertaking and bank guarantee facilities, provided by them to Aditya Birla Renewables SPV 1 Limited. The funds were to be utilised, inter-alia, for implementation of a solar power project with a capacity of 8 MWp (DC) in Karnataka.
  32. Advised one of the largest foreign banks operating in India in connection with the credit facilities, including rupee term loan, letter of credit and bank guarantee facilities, provided by them to the solar power segment of an Indian multinational conglomerate. The funds are to be utilised, inter-alia, for implementation of 3 solar power projects in Rajasthan and Maharashtra.
  33. Advised ICICI Bank Limited in connection with the credit facilities, including rupee term loan, letter of credit and bank guarantee facilities, provided by them to Aditya Birla Renewables SPV 1 Limited. The funds were to be utilised, inter-alia, for implementation of a solar power project with a capacity of 5 MWp (DC) in Gujarat.
  34. Advised Union Bank of India in relation to the credit facilities aggregating to INR 377,00,00,000 to a renewable energy company in India for a solar park power project in Maharashtra. The structure in this case is quite different from general power projects; the Sponsor owns the land and is undertaking a solar park project comprising of 2 separate projects to be undertaken by 2 different SPVs.
  35. Advised Bank of Baroda in relation to the credit facilities of Rs. 291,10,00,000 Crores to Kaze Energy Limited (subsidiary of IL&FS Wind Energy Limited) for setting up a green-field wind farm with a capacity of 48.30 MW wind-mill power plant with 21 wind turbines of 2.3 MW capacity each at Lalpur and Jamnagar in Gujarat.
  36. Advised HDFC Limited in relation to the credit facilities of approximately Rs. 100 crore provided by them to Apraava Renewable Energy Private Limited, a group company of Apraava Energy.
  37. Advised Etesian Urja Limited (a subsidiary of IL&FS Wind Energy Limited) in relation to refinance of its existing loans by Power Finance Corporation in relation to 50 MW wind power project.
  38. Advised an infrastructure debt fund carrying out its operations through the NBFC route in connection with the credit facilities provided by them to a renewable energy company. The funds are to be utilised, inter-alia, for refinancing of existing debts in connection with multiple wind power projects with a combined capacity of 34.5 MWp in Gujarat.
  39. Advised ICICI Bank Limited for loans/ facilities availed by First Energy TN 1 Private Limited for an aggregate amount of up to Rs. 57,16,00,000.