Norton Rose Fulbright advises Chubu Electric Power on entering into a share subscription agreement with OMC Power in India

Global law firm Norton Rose Fulbright advised Chubu Electric Power Co., Inc. (Chubu) on entering into a share subscription agreement, through its wholly owned subsidiary Chubu Electric Power Company Netherlands B.V., with OMC Power Private Limited (OMC). Subject to regulatory approvals, Chubu will acquire shares of OMC, marking Chubu’s first investment in India.

Chubu will be utilising comprehensive insight in power transmission, distribution and improvement of the efficiency of generation facilities. This investment will be a long term commitment to improve the social, economic and environmental landscape from rural India.

The Norton Rose Fulbright team was led by Head of Tokyo and partner George Gibson and partner Sam Inohara, and supported by associates Yui Ota-Barclay and Tetsutaro Kubo.

George Gibson comments: “Norton Rose Fulbright is delighted to have assisted Chubu on this important investment with OMC that will provide a reliable supply of clean power to areas with limited or no electricity access in India.”

Sam Inohara comments: “We’re privileged and honored to be advising Chubu on its first investment into India.”

The regulatory aspects of the transaction were led by Hong Kong partner Marc Waha with support from senior associate Nicolas Cassauba, associates Danyi Xu, and Joe Lee as well as London partner Katie McDougall and senior associate Cloudesley Long and Washington partner Stefan Reisinger.