Balawant Joshi
Kathmandu; The global renewable energy market is projected to reach $1,977.6 billion by 2030, according to a report published by Allied Market Research. The growing awareness about the climate change and need to shift to green energy has contributed to the increase in demand for renewable energy.
However, developing RE project or buying or selling of RE is fraught with several challenges such as policy & regulatory uncertainty, complex power market structure, land, power evacuation, etc. Further, given intentions of developed countries to factor in carbon in product prices, decarbonization is becoming imperative for manufacturing industries. etc. This is where Idam Infrastructure Advisory comes in. Idam Infra provides a wide gamut of services from regulatory consulting to corporate advisory, market assessment to energy modelling, bid process management to technical and commercial due diligence. Idam Infrastructure Advisory is a sustainable energy advisory firm with pan-India reach that holds immense experience in varied aspects in this segment.
According to Balawant Joshi, Founder & Managing Director of Idam Infrastructure Advisory, Idam Infra envisions ‘Carbon minimal world’ and explains that the entire philosophy of the firm is embodied in its name and logo. The word 'Idam' in Sanskrit means 'This' and is used as a pronoun to refer to earth and/or time as 'This Earth' or 'This Time‘. We interpret it as ‘This Earth at This Time’. Our logo has Earth at the center, surrounded by five small circles representing five basic elements or panchmahabhutas according to Hindu Philosophy, i.e., air, fire, water, earth and space. The fins represent continuous churning around the earth and the need to keep this earth sustainable. We believe this represents our corporate ethos.
The management of the company holds more than 200 person years of experience and have served MNCs in various capacities before starting Idam Infra. “The motto of our company is to ‘make ideas work’. We don’t believe in printing shiny reports which reside in cupboards of C-suite executives, but believe in creating actionable intelligence that would help our clients achieve the desired objective. We have believed in this philosophy since the formation of the company. We always concentrate on providing quality deliverables and have also acquired ISO certification for all our practices. We have a very strong understanding of policies and the regulatory principles involved in the renewable energy sector”, mentions Balawant Joshi, Managing Director, Idam Infrastructure Advisory.
Extended Range of Services
Idam Infra provides a wide range of services in renewable energy sector and has worked not only with corporate clients, but also with the central government and various state governments in the country. The company specializes in advising on policy formulation and analysis, regulatory framework design, commercial diligence, financial structures and corporate strategies. Since its beginning in 2007, Idam Infra has accumulated valued experience across the whole energy value chain. “We have recently assisted the state government of West Bengal in developing renewable energy policy for the State. We are also closely working with Ministry of New and Renewable Energy on various issues such as repowering offshore wind development,” says Ajit Pandit Director & CEO.
Experience & Expertise
Balawant Joshi is the founder and Managing Director of Idam Infra who holds over 30 years of experience in energy, utilities and infrastructure sectors in India. His experience spans from O&M of power systems to financial modelling and valuation, from utility operations to consulting and from technology to regulatory aspects. Ajit is the Founding Director and CEO of Idam Infra. He has over 25 years of professional experience in energy and utilities sectors. Ajit brings with him regulatory perspective and is well versed with the risks and commercial arrangements associated with development, construction and implementation of various renewable energy generation schemes, transmission, evacuation and grid connectivity.
Future Endeavors
Since its inception in 2007, the company has experienced a very successful journey and is looking at further success in the times to come. Currently, the company has offices in Mumbai, Delhi, Kolkata, Hyderabad and Pune and has provided advisory all across the country. “We want to expand our services as well as expand geographically. We have recently started two important services: Industrial decarbonization and Energy Transition. While decarbonization services will provide holistic support to industrial clients in decarbonizing their process, Energy Transition would help power sector in increasing share of non-fossil fuels in the energy mix. Idam Infra has ambition to expand globally and has recently won a couple of contracts in African region,” concludes Balawant.
Key words Idam
Idam Infrastructure Advisory Pvt. Ltd., India (Idam Infra), is an ISO 9001:2015 certified company with 15-years of professional experience in power/energy sector. Idam Infra has been part of India success story in adoption of effective Policy & Regulatory mechanisms in Power Sector and successful implementation of Renewable Energy projects through its engagement with various clients ranging from Central and State Governments, Electricity Regulatory Commissions, State Nodal Agencies and institutional clients like multilateral agencies, development financial institution to utility companies, project developers, equipment suppliers & EPC Contractors.
Its services are divided into Management Consulting and Energy Solutions verticals.
Management Consulting
1. Electricity Market & Regulatory
2. Industrial Decarbonisation
3. Energy Transition
Energy Solutions
1. IT consulting and Solutions development
2. Geospatial Data Management
All services are complementary and focus on Energy & Utilities sector.
The writer is a Managing Director of Idam Infrastructure Advisory Pvt. Ltd
Mr Joshi is a Managing Director of Idam Infrastructure Advisory Pvt. Ltd, India
