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Who's Who Legal
Who's Who Legal

Global Leader

Project Finance 2021

Professional Biography

WWL Ranking: Recommended

WWL says

Piyush Joshi is an established figure in the Indian market, with an excellent track record handling large-scale projects across the energy and infrastructure sectors.


Piyush Joshi is a founding partner of Clarus Law Associates. He has over twenty-five (25) years of extensive experience in infrastructure projects development, project finance, investment structuring, exit strategies, restructuring and re-financing of distressed projects and dispute resolution relating to infrastructure projects in India. He has extensive multi-sectoral experience and has advised not only project developers, project lenders and private equity investors, but also regulatory authorities, government agencies and multilateral development finance institutions, in relation to infrastructure projects.

Piyush advices on development, financing, operations and maintenance of projects in the energy sector (power, renewable energy, natural gas sectors), urban infrastructure sector (urban planning, township development, urban transport, metro railway networks, tramways, BRTS, regional railways networks, urban mobility), and environment infrastructure sector (municipal solid waste projects, landfill development, landfill capping and landfill reclamation projects). He has also advised on structuring and implementation of municipal infrastructure projects and municipal finance across fifteen states in India.

In the natural gas sector Piyush has extensive experience across the entire natural gas chain including: (a) Upstream (Exploration and Production), (b) LNG supply arrangements, (c) Midstream (Natural Gas Pipeline Transportation), (d) Downstream (City Gas Distribution) and (e) Distributed LNG Supply, Storage and Regasification facilities.

Piyush had advised on the restructuring of Production Sharing Contracts used by the Government of India in the upstream sector to revenue sharing structure and on structures that can be used to monetize small and marginal/ stranded gas fields. He advices extensively on the development, operation and expansion of natural gas pipelines and capacity arrangements relating thereto. He also has extensive experience in downstream city gas distribution sector in India and advices entities undertaking development of CGD networks across various geographical areas in India. He has extensive experience in and advices entities undertaking LNG procurement, development of LNG receiving terminals, LNG terminal capacity arrangements, regasification arrangements and competition issues in the natural gas sector. Piyush has successfully represented entities in the natural gas sector in relation to competition and restrictive trade practice disputes.

Piyush also represents developers, investors and lenders in various projects in: (1) the power sector (coal based, gas based, hydel projects), (0) renewable energy sector (solar project, wind projects and waste to energy projects), (1) Highways sector, (2) Airports sector, (3) Ports sector, (4) urban infrastructure sector (including urban transport, metro railway networks, tramways, BRTS, regional railways networks, urban mobility), (5) transportation sector  (roads, ports, railways, airports and inland waterways), (6) water distribution and supply sector, (9) railways, (10) Municipal Solid Waste Management Projects (collection and transportation, landfill remediation, processing of municipal solid waste), (11) land development (including township development, SEZs, and Petroleum Products Investment Zones) and (12) logistics (warehousing, cold storage and agriculture supply and logistics). He has also advised on structuring and implementation of projects for development of Special Economic Zones, specific development zones and social infrastructure development projects.

Piyush has extensive policy advisory experience and has frequently advised on policy initiatives and amendments to the existing legal framework required to enable implementation of infrastructure projects in various states in India as well as at the Central Government level.

In addition to transactional and policy advisory services, Piyush also specializes in legal strategy and representation in complex project disputes across infrastructure sectors. He advises project developers and investors on strategies, submissions and arguments in relation to complex projects, and represents clients before various forums, including the Supreme Court and High Courts in India as well as specialized tribunals including the Petroleum and Natural Gas Regulatory Board (PNGRB), Appellant Tribunal for Electricity (APTEL), Competition Commission of India (CCI), National Green Tribunal (NGT), and Central Electricity Regulatory Commission (CERC), as well as arbitral tribunals.

Piyush has also authored the book “Law Relating to Infrastructure Projects” published by Butterworths India, (1st edition, 2001, 750 pages and 2nd edition, 2003, 1270 pages). This was the first book to be published in India providing discussion on the various issues under Indian law relating to the financing and development of infrastructure projects. Piyush has written extensively on issues relating to development of infrastructure in India, including authoring the section “Water” in Volume 29(2) “Trusts and Charities sand Water” of Halsbury’s Laws of India (published by Butterworths India, 2001).

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