Karthik Kumar is an experienced project development, acquisition, and finance lawyer. He has advised on high-profile renewable energy and infrastructure projects in the Asia-Pacific region since 2003, including on the development, financing, sale, and acquisition of projects in India, Bangladesh, Indonesia, Sri Lanka, Singapore, Taiwan, Vietnam, Thailand, Myanmar, Philippines, China, and Australia.
Karthik acts for a wide variety of clients such as developers, sponsors, borrowers, and financial institutions, including banks and multilateral lending institutions. Karthik has a strong focus on the renewable energy sector with extensive experience in solar, onshore and offshore wind, biomass, and waste-to-energy projects across the region.
Karthik is highly regarded in the market for his in-depth regulatory knowledge and significant transactional experience across Asia-Pacific. Clients say that Karthik: "has been of huge strategic help for us," Chambers Asia-Pacific (2020); is a lawyer with "solid business acumen that when married with his legal advice provides effective solutions for us to address complex problems," Chambers Asia-Pacific (2019); and "is a leader in renewables" and is "known for his project finance capabilities, particularly in the renewable energy segment," Legal 500 Asia Pacific (2019).
Karthik is also recognized as one of the Top 100 International Lawyers by the India Business Law Journal (2020-2021); a Band 1 lawyer in Projects & Energy (International Firms) — India in Chambers Asia-Pacific (2019 to 2021); and recommended as a Projects & Energy and Banking & Finance lawyer in Singapore and India for foreign firms in The Legal 500 (2019 to 2021).
The following represents experience prior to joining Jones Day.
Represented JSW Group in its bid for a greenfield coal mine in Perth, Australia.
Represented the Indian financial institutions in the restructuring of Enron's Dabhol Power Company, including liaison with government officials, domestic lender groups, and overseas banks in order to reach a settlement and to restart the project, and the consortium of lenders led by IDBI Bank in the refinancing of the Dabhol Power Project in Maharashtra, India.
Represented an international consortium of bidders led by the GVK Group and South African Airports in its successful bid for developing the Mumbai airport. Subsequently represented Mumbai International Airport Private Limited in the development and privatization of the Mumbai Airport.
Represented the syndicate lenders led by ICICI Bank in the financing of Karcham Wangtoo hydel power project (1000 MW) in India.
Represented the World Bank and IFC in the first of its kind municipal financing of a water project in Maharashtra, India.
Represented the Lanco Group as developers of the Lanco Green Hydel Power Project (70 MW).
Represented JSW Group as developers in the Raj West Power Project (1000 MW) and advised the developers in the bidding process as well as negotiated the EPC contract and conducting due diligence.
Represented ICICI Bank in the financing of two national highways in Maharashtra, India.
Insights in De-carbonization Mega-Strategies: Asian Offshore Wind and the Hydrogen Economy (A Word About Wind)
- April 17-20, 2018
Power and Transportation in Bangladesh, Sri Lanka and Pakistan, 2018 Jones Day Outbound and Overseas Compliance Seminar Series (One Belt One Road)
- March 20-21, 2018
The Fantastic transition to renewables: Is it a Golden Opportunity?, moderator, 4th Annual Asia Pacific Energy & Infrastructure Finance Forum
- May 8, 2017
Gas to Power / Renewables in South and South East Asia, panelist, IPFA Event: Moving Away from Coal Fired Power Projects
- June 9, 2016
Private Mergers & Acquisitions in South and Southeast Asia
"A top-notch lawyer. His ability to understand unique local issues pertaining to the acquisition of an Indian company was amazing."Chambers Asia-Pacific
- National Law School of India University (B.A. and LL.B. Hons. 2003; Gold Medallist)
- Solicitor of the Senior Courts of England and Wales; Advocate (India); Registered Foreign Lawyer (Singapore)
Legal Era Global Achievers Awards 2022: leading cross border (India desk) lawyer of the year
Legal 500 Asia Pacific (2018-2021): recommended lawyer, India — B&F, energy and projects: his "insight and clear guidance inspire confidence"
Chambers Asia-Pacific (2021-2022): leading individual, India-corporate/M&A, projects and energy: "brings a detailed knowledge of customs and practices within India"
- English, Hindi, Bengali