Chubu Electric Expands Stake in India’s OMC Power

Illustration. (Credit: Pixabay)

Japanese utility Co has increased its ownership in Indian company OMC Power, strengthening its foothold in distributed generation and renewable energy solutions in .

OMC Power operates around 25 MW of power plants, most of which are paired with battery storage, in Uttar Pradesh. These mini-grids supply electricity to telecom towers, SMEs, and local communities.

With the expanded stake, Chubu Electric becomes OMC's largest shareholder and gains a third board seat. The Japanese utility plans to send employees to support OMC's operations and accelerate its and distributed generation activities. This investment aligns with Chubu Electric's strategy to enhance its international renewable energy portfolio.

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