Starting her professional career in 2002, Pallavi Bedi is currently a partner at L&L Partners (formerly Luthra & Luthra Law Offices), in the projects, energy and infrastructure practice. She previously worked with Trilegal and the erstwhile Amarchand Mangaldas in New Delhi, before moving to London to work for Mayer Brown International where she spent around four fruitful years. She returned to India in 2011 and joined J. Sagar Associates as a partner, and later became an equity partner.
Bedi’s current role revolves around advising developers, investors and lenders on the legal and regulatory framework for developing and investing in infrastructure projects, and assisting in structuring the transactions within the realm of law.
According to Bedi, one of the key regulatory issues is the long time taken by regulatory agencies to approve the tariffs discovered through bidding processes. “Uncertainty on timelines for regulatory approval of power sale agreements, and recent attempts by discoms to renegotiate and cancel PPAs are other key regulatory challenges,” she adds. Moreover, developers face issues because of the financial distress of discoms, land acquisition challenges for large projects, inadequate evacuation and transmission infrastructure, and lack of clarity on safeguard duties, anti-dumping duties, customs duties on modules and cells, GST, etc.
“A key suggestion is to have stability in regulations. If any change is to be proposed, be it the imposition of new taxes, duties on the development of power plants or changes in the net metering policy, first the overall impact should be thought through. Post that the regulation should be issued, mentioning how the consequences will be addressed,” she says. Providing a legal and regulatory framework for energy storage projects will be helpful going forward, she believes.
In terms of management style, Bedi likes to encourage participation and guide her team. “Guiding the team is critical for the development of both the team members and the organisation. Moreover, involving the team in decision-making helps generate innovative ideas and keeps everyone engaged and motivated.”
Bedi is passionate about travelling and reading. Her professional goal is to streamline the legal and regulatory framework for the development of energy projects so as to provide greater clarity for developers and stakeholders. “This initiative would contribute to the country’s efforts to achieve energy growth and security,” she says.
Bedi is a commerce graduate, and she pursued her law degree from the Campus Law Centre, University of Delhi.