Osaka-headquartered Kansai Transmission and Distribution (KTD) has signed an investment agreement for Rs.160 crore with OMC Power to acquire 10 per cent equity stake in the company.
This will be the fourth marquee Japanese investment in OMC Power after Mitsui & Co; Chubu Electric and Honda Motors.
OMC is one of India’s pioneering distributed renewable energies (DRE) utilities enabling last‑mile energy transition at the grassroots. According to a company release, OMC Power is the only company in India and globally with these four Japanese conglomerates as shareholders.
This partnership brings together KTD’s global expertise in power transmission and distribution and OMC Power’s decade-long leadership in distributed renewable energy, grassroot operations, and decentralised energy infrastructure development.
The collaboration aims to accelerate OMC Power’s journey toward its 1 GWp decentralised clean energy target while establishing innovative, efficient, and high quality power distribution models, the release said.
Together, OMC and KTD aim to create a replicable and scalable distributed energy model, one that supports India’s growing energy needs, strengthens grassroot economic development, and contributes meaningfully to India’s national renewable energy objectives.
KTD’s investment and technical expertise are expected to further enhance system reliability, improve network efficiencies, and enable the delivery of world class electricity services to communities.
Rohit Chandra, Co-Founder & CEO, OMC Power, said, “KTD’s investment marks a transformative milestone in OMC Power’s journey and mission to a global grassroot energy transition company. Looking forward to together unlocking our 1 GWp ambition and deliver world‑class, reliable electricity to the communities that need it most. This partnership strengthens our mission of driving inclusive growth and accelerating India’s transition toward cleaner, more resilient power.”
Takaharu Ito, Director in charge of Power Distribution & Information Technology, Kansai Transmission and Distribution, said, “We are delighted to invest in OMC Power and join its mission to bring reliable, clean energy to grassroots communities across India. We deeply value our long-standing relationships with fellow Japanese shareholders and are honoured to stand alongside such trusted partners in supporting OMC’s next chapter. Leveraging the distribution technologies and operational expertise we have cultivated in Japan, we are committed to contributing to OMC’s 1 GWp ambition and to accelerating sustainable, inclusive energy solutions across the region.”