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Kansai T&D buys 10% of OMC Power for $160M, boosting Japanese stake to 67% and funding renewable energy and smart grids in India.
Japanese utility Kansai Transmission and Distribution has acquired a 10% stake in India’s OMC Power for ₹160 crore, marking its first investment in India’s energy sector.
The move brings Japanese ownership in OMC Power to about 67%, with the funds supporting a 1-gigawatt renewable energy portfolio and expansion of smart grid infrastructure, including digital monitoring and enhanced resilience.
The investment follows over a year of negotiations and aligns with efforts to deliver reliable, clean energy to underserved communities.
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Kansai T&D compra el 10% de OMC Power por $160M, aumentando la participación japonesa al 67% y financiando energía renovable y redes inteligentes en la India.