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Industry domain

Infrastructure & Energy

Roads, power, renewables and transmission — concessions, project finance and the claims that follow delay.

Industry Context

Infrastructure in India is built through a small number of contractual templates and a large amount of regulation. Concession agreements under the model documents, EPC contracts, power purchase agreements approved by the state or central electricity regulatory commission, and transmission connectivity arrangements together determine who bears which risk — land, approvals, fuel or resource availability, offtake, and change in law.

The energy transition has changed the mix of work. Renewable capacity is now largely contracted through competitive bidding with tariff-based selection, which shifts negotiation from price to the bankability of the payment security mechanism and the curtailment and deviation settlement provisions. Open access, captive structures, energy storage obligations and the developing framework for green hydrogen add further layers.

Transaction Patterns

Projects generate legal work in three waves. At development: land aggregation and title, approvals and clearances, concession or PPA award and the bid documentation behind it. At financing: project finance documentation, security over project assets and receivables, escrow and trust and retention accounts, and lender direct agreements. And at operation: change in law and force majeure claims, tariff and regulatory disputes, and — very commonly — construction claims for delay and variation.

Because these projects are long-lived and the counterparty is often a government entity or a discom, dispute management is a continuing function rather than an event.