Business Communication Future Prospects

download Business Communication Future Prospects

of 31

Transcript of Business Communication Future Prospects

  • 8/2/2019 Business Communication Future Prospects

    1/31

    1

  • 8/2/2019 Business Communication Future Prospects

    2/31

    UNIVERSITY OF PETROLEUM & ENERGY

    STUDIES DEHRADUN

    REPORT ON

    CAREER OPTION AFTER M.B.A IN POWER

    MANAGEMENT

    Submitted To: PREPARED BY

    Dr. SHEETAL KHANKA RAJAT NEGI

    MBA P.M. 1ST SEM

    R. NO. 45

    II

  • 8/2/2019 Business Communication Future Prospects

    3/31

    LETTER OF TRANSMITTAL

    December 15, 2011

    Dr. Sheetal Khanka

    Assistant Professor,

    UPES, Dehradun

    This report has been under taken for assessment in Business Communication

    during pursuing the MBA degree at UPES, Dehradun. The main purpose of this

    report is to find out the career opportunities for me after MBA in POWER

    MANAGEMENT.

    Further, I Rajat Negi, Student of MBA P.M. 1 st Semester hereby

    declare that this report is my original work and the analysis and findings are for

    Academic purpose only. This report has not been presented in any Seminar or

    submitted elsewhere for the assessment or for the award of any diploma or degree.

    III

  • 8/2/2019 Business Communication Future Prospects

    4/31

    ACKNOWLEDGEMENT

    I would like to thank Dr. Sheetal Khanka, My Business

    Communication faculty, for giving me this opportunity to prepare the report on

    Career Options for me after pursuing MBA in POWER MANAGEMENT. Due

    to this assignment I was able to clear my mind of any earlier inhibitions about my

    aim i.e. to enter the IT field of Power Sector.

    I would also like to thank Mr. Shashank Singh, Senior Executive,

    National Energy Trading and Services Ltd. and Dharmendra Gupta Senior

    Executive, A2Z Power Company for their valuable time for the interview and for

    sharing their expertise in the field of Power Sector.

    IV

  • 8/2/2019 Business Communication Future Prospects

    5/31

    EXECUTIVE SUMMARY

    Before venturing out in any field it becomes imperative to first discover ourselvesand then to know that field in depth as to the kind of career opportunities it

    provides and its future potential and how we can be better off in that respective

    field.

    When I wanted to aim for a particular field in the Power Sector I chose IT

    applications field in it. To be confident of the chosen field I decided to write a

    report on it. I started off by thinking the basic question first, what is the real

    purpose of the report. When I had a clear idea about it, I then first undertook my

    SWOT analysis to find out my strength, weaknesses, opportunities and threats.Then I took an overview of the power sector. Then i zeroed down on the scope of

    IT applications in the Indian power sector. From there I found out that IT

    Application is a huge field and the Government of India has taken a lot of steps to

    improve and invest in this field.

    Then I tried to find the various job requirements and opportunities in the IT

    applications field. I also searched for the various companies that offer job to MBA

    in Power Sector and in the Field of IT. While doing this I Found a lot of companies

    who have recently entered the power sector and according to the need of theindustry are recruiting professionals.

    Finally I took interviews of two experts in the Power Sector and the finally

    concreted my inference that IT applications field of the Power Sector is a very

    good option for me and I should work in this direction.

    Hence at the end of this report I have a firm belief that if I work strategically and

    with a lot of hard work in this direction then I will be able to get a very good job in

    the IT Application field of Power Sector.

    V

  • 8/2/2019 Business Communication Future Prospects

    6/31

    CONTENTS

    Chapter No. Particulars Page no.

    Introduction

    1 My Area of Interest 2

    2 SWOT Analysis 3

    3 About Indian Power Sector 4

    4 Scope of MBA-Power Management 6

    5 Job opportunities in Indian Power Sector 12

    6 Inferences from the expert interviews 14

    Conclusion 15

    . Annexture 1 16

    Annexutre 2 19

    References 22

    Bibliography 23

    Table of Illustrations

    Illustration No. Particulars Page No.

    3.1 Contribution towards Generation Capacity 43.2 Predicted Per Capita power consumption 5

    VI

  • 8/2/2019 Business Communication Future Prospects

    7/31

    4.1 Generation capacity to be increased in 12th Plan 64.2 Infrastructure requirement Graph 74.3 Infrastructure requirement data 74.4 States under R-APDRP (SCADA Application) 9

    4.5 Diagram of a SMART Grid 104.6 Diagram of an Advanced Electric Meter 11

    VII

  • 8/2/2019 Business Communication Future Prospects

    8/31

    INTRODUCTION

    I am preparing this report to analyse my aim and objectives in the Power Sectorafter doing MBA in Power Management from University of Petroleum and Energy

    Studies. I have a keen interest in the IT application field of the Power Sector andhence carried out research and collected data from various sources to get aconcrete and conclusive vision about how to proceed further toward my aim. Thisreport will help me gain confidence and will give me a realistic scenario of the

    present status and future prospects of the IT applications in Power Sector. I have aBachelor of Engineering Degree in Computer Science and according to the various

    presentations and lectures conducted in the college I find IT Applications area ofPower Sector most suitable for me. Since I do not have an Electrical backgroundhence I have very less or little knowledge of targeting this specialization.Therefore, I am preparing this report to help me work in that direction strategically

    and to also find out the problems that I might face in doing so, so that I can tacklethem efficiently.

    For research purpose I have searched many websites and blogs over internet andcollected the data to forecast the upcoming job opportunities and the future thrustareas in IT applications field of power sector. I have looked for data on the officialwebsites of Central Electricity Authority, Central Electric Regulatory Committee,

    National Thermal Power Corporation, Accelerated Power Development ReformProgram. I have also prepared a questionnaire to take interviews of people who areworking in the Power sector or are closely related to the Power Sector. These

    interviews will help me get a clear idea about the current working scenarios of theIT field of Power sector. I will be able to prioritize my future course of action forsucceeding in this field.

    The only constraints of this report is that, the Power Sector is expanding at a veryfast pace and hence there can be a lot of changes in this field in the near future, sothis report can only give an inference of about 4-5 years in the future only. I havetaken only two expert interviews in this report hence the comments given by themmay not be easily generalized.

    At the end of this report I will be able to find out my personal and academicweaknesses so that I can concentrate on them and improve them so as to increasemy opportunities in this particular field. I will also be able to conclude if I havechosen the right area of interest, will I be able to succeed my goal and mostimportantly my future course of action of turning this dream of mine into reality.

    1

  • 8/2/2019 Business Communication Future Prospects

    9/31

    CHAPTER 1

    MY AREA OF INTEREST

    After my graduation I worked for 1 year in HCL Technologies and developed akeen interest in the Management field as I was always interested in the businessfunctions of the company. But I wanted to join a field which was related strictly tothe core Indian business functioning. Hence I decided to join MBA in power sectoras it was and is still developing at a very fast pace. I decided to focus my interestin the IT field of Power Sector because I have an Engineering Degree in computersand I can utilize this specialization to my advantage and can succeed in it easily.Moreover after attending the lectures in the class I got to know that this particularfield in Power Sector is gaining a lot of momentum in the market, which furthercompelled me to join this particular area.

    2

  • 8/2/2019 Business Communication Future Prospects

    10/31

    CHAPTER 2

    SWOT ANALYSIS

    Before starting the research for the report I decided to undertake a self SWOTanalysis. By doing this I will be able to find out my Strengths, Weaknesses,Opportunities and Threats. I will be able to research for data keeping in mind mystrengths and opportunities. I will try to capitalize on my strengths and will also tryto find methods to overcome my weaknesses. The SWOT analysis is shown as

    below:-

    STRENGTHS:

    Can learn new things easily.

    Analytical nature.

    Good communication skills.

    Good team worker and coordinating skills.

    Work experience in IT sector.

    Diversified background.

    WEAKNESSES:

    Non Electric Background.

    Need Constant Motivation.

    No prior experience in power sector as compared to myclassmates.

    I become overconfident sometimes.

    OPPORTUNITIES:

    All major IT companies such as Wipro, Infosys, HCLetc.

    3

  • 8/2/2019 Business Communication Future Prospects

    11/31

    IT Consultancies.

    Management trainee.

    NTPC (R-APDRP).

    THREATS

    Competition from better performing students.

    Opening of new colleges.

    Slump in investments in power sector.

    CHAPTER 3

    ABOUT INDIAN POWER SECTOR

    India has the fifth largest electricity generation capacity in the world. India has the 3rd largest T & D network in the world.

    India is the 6th largest energy consumer in the world

    Electricity is the most important infrastructural input in the development andgrowth of economy. India is the third largest producer of electricity in Asia. Indiais the worlds sixth largest energy consumer. Not only do we require increasedcapacity for generation of electric power, but thermal and hydro capacities alsoneed modernisation and augmentation. Indias investment requirements for powergeneration and transmission will be tune of $200 billion, to be able to fulfill

    projected demand by 2012. At present, India, which posted a 9.4% GDP growthlast fiscal, has an installed capacity of 132,110 mw which was 1362MW in 1947.

    As shown in the illustration 1 this sector is dominated primarily by Public SectorUndertakings. The state and Central Government account for 48% and 31% of thegeneration capacity respectively while the private sector accounts for a mere 21%.A major part of the transmission and distribution factors are handled by the stateutilities. As against the targeted 41,000 MW in the tenth five year plan , only22,000 MW was added during the five years till 2007.The country failed to add

    4

  • 8/2/2019 Business Communication Future Prospects

    12/31

    fresh capacity at regular intervals through policy liberalisation. This led to hugedemand-supply gap, which cannot be bridged in the near future.

    Illustration 3.1: Contribution towards Generation Capacity[1]

    This huge deficit between the demand and supply shows that there is a lot of scopefor improvement in the Power Sector and the efficiency improvement is the needof the hour. This is a good sign for me as this opens up new opportunities for me inthe IT field of Power Sector.

    This need is further going to increase because the per capita consumption is goingto rise continuously in the future. This trend can be depicted by the graph inillustration 2 shown below:-

    Illustration 3.2: Predicted Per Capita power consumption [2]

    5

  • 8/2/2019 Business Communication Future Prospects

    13/31

    CHAPTER 4

    SCOPE IN POWER SECTOR

    Due to the ramping operations taken by state government power organizations, thepower industry is facing a hiring spike. Normally, most of the government powersector organizations offer training for candidates selected for the position oftrainees and this will help the candidates to learn more and they will be posted to

    further positions once they gain experience. Not only will the position of thecandidates, but also their pay scale will increase thereby offering a challengingcareer.

    India intends to provide electricity to every household by 2012, which will requireover $100 billion investment in new generation, transmission, distribution andother related infrastructure representing huge opportunity for MBA graduates.

    6

  • 8/2/2019 Business Communication Future Prospects

    14/31

    Illustration 4.1: Generation capacity to be increased in 12th Plan[3]

    Also there are very less number of colleges in India which offer MBA program inPower Sector. Due to this reason there are very less number of MBA PowerGraduates passing out every year. Some of the colleges providing MBA in PowerManagement are:-

    1. NPTI, Faridabad.2. Power Management Institute.3. IEMR, Gurgaon.4. Indian Institute of Technology.5. IIM.6. SIBM.

    According to a study there is a huge requirement of skilled manpower in the PowerIndustry as this field requires handling specialized equipment. Due to this there is a

    huge load on the companies to provide training to the unskilled staff to make themefficient. This further paves the way for me to enter this field as I will be a trained

    professional of the field. Illustration 1 and Illustration 2 show the infrastructuredeveloped by the companies for training and the deficit in it.

    7

  • 8/2/2019 Business Communication Future Prospects

    15/31

    Illustration 4.2: Training infrastructure requirement Graph[4]

    `

    Illustration 4.3: Training infrastructure requirement data[5]

    Various Departments of Indian Power Sector:-

    Following are the various Departments of the Power Sector which work at variouslevels to ensure the smooth functioning and development of the power sector. [6]

    At the national level there is a Ministry of Power (www.powermin.nic.in)

    Ministry of New and Renewable Energy (www.mnre.gov.in). Bureau of Energy Efficiency (BEE, www.beeindia.in)

    Central Electricity Authority (CEA, www.cea.nic.in).

    Central Power Research Institute (CPR I, www.cpri.in)

    Power Finance Corporation (PFC, www.pfcindia.in) Indian Renewable Energy Development Agency (IREDA , www.ireda.in) Rural Electrification Corporation (REC, www.recindia.nic.in)

    8

    http://www.mnre.gov.in/http://www.beeindia.in/http://www.ireda.in/http://www.recindia.nic.in/http://www.mnre.gov.in/http://www.beeindia.in/http://www.ireda.in/http://www.recindia.nic.in/
  • 8/2/2019 Business Communication Future Prospects

    16/31

    Scope of MBA-Power Management in IT Field

    Most significant issue that has plagued Indias power sector is the high level of

    losses, due largely to inadequate investment in the transmission and distributioninfrastructure in the latter part of the last century. By 2000-01 the T&D losses hadreached a level of 32.9% nationally and it was clear that the reduction of theselosses was essential to bring economic viability to the state utilities. To this end theAccelerated Power Development and Reform Program (APDRP ) was introducedin 2001 with the goal of reducing the Aggregated Technical and Commercial(AT&C) losses, i.e. the losses due to both system inefficiencies as well as theft,metering, billing and collection inefficiencies, to below 15% in urban and highdensity areas within five years. With only limited improvement over that period,with a reduction of the AT &C losses from average 38.9% in 2001-02 to 34.5% in

    2005-06, the plan was then restructured as the Restructured APDRP(R-APDRP).This now forms a key focus of current government energy policy.

    The introduction of these policies to counter the problem of Transmission andDistribution losses has led to the formation of new specialized field in PowerSector with IT as its base. Now, these are the field where I will have to concentratefor success of my career:-

    The R-APDRP

    The Restructures Accelerated Power Developments and ReformsProgram(R-APDRP) was launched with an allocation of Rs 50,000 crore(US$10.8 billion) in July 2008[7], and has the goal of the establishment ofautomated systems and adoption of IT in the sector for the collection ofaccurate baseline data leading to sustained loss reduction. Specifically the

    main goals with loans convertible to grants based on performance from thePFC area.

    1. Installation of IT enabled systems, including automatedmetering of distribution transformers and feeders, in towns with

    population greater than 30,000, or 10,000 for towns in thestates with special category status (principally in the northeastern region in total approximately 1,400 towns).

    9

  • 8/2/2019 Business Communication Future Prospects

    17/31

    2. Installation of SCADA /DMS for towns with population greaterthan 400,000 and annual input energy greater than 350 MU(approximately 70 towns).

    3. Strengthening and upgrading of the sub-transmission and

    distribution system (approximately 1,240 towns).

    Illustration 4.4: States under R-APDRP (SCADA Application) [8]

    SMART GRID

    According to a recent news report, the 18th Electric Power Surveycommittee chaired by the CEA is likely to recommend new target dates ofthe end of the 12th Plan (2017) for states with comparatively lower lossesand the end of the 13th Plan (2022) for those with the highest losses to get

    below the 15% target[9]. It is against this background insufficientgeneration capacity, the need for electrification in the most remote areas,

    and high AT &C losses as well as the move to a low carbon future, thatIndia has started to look at the smart grid.

    The Indian government has introduced two major initiatives for smartgrids with the establishment, in May 2010, the India Smart Grid Task Force(ISGT F) and the India Smart Grid Forum (ISGF). The ISGT F, which is

    10

  • 8/2/2019 Business Communication Future Prospects

    18/31

    developing a roadmap for smart grid in India, has constituted five workinggroups:

    1. Pilot projects.2. Loss reduction and theft control.

    3. Power access in rural areas.4. Distributed generation and renewables.5. Security, standards and spectrum.

    Illustration 4.5: Diagram of a SMART Grid[9]

    Advanced metering

    Apart from the automated transformer and feeder metering being installed underthe R-APDRP, AMR has been installed in India principally for commercial andindustrial customers. The aim of MBA power management is to empower us withspecial skills which are needed to administer as well as control the regular powersupply and computer requirements. The top 10 smart metering use cases relevant

    for India were identified as11:

    Remote connect/disconnect.

    Consumption monitoring and reduction.

    Remote tamper identification.

    Load monitoring.

    Load curtailment.

    11

  • 8/2/2019 Business Communication Future Prospects

    19/31

    Prepayment plans.

    Demand forecasting.

    Time-of-use metering and dynamic and real time pricing.

    Distributed generation.

    Outage management integration.

    Illustration 4.6: Diagram of an Advanced Electric Meter [10]

    CHAPTER 5

    JOB OPPORTUNITIES IN INDIAN POWER SECTOR

    According to a study around one million (10 lakhs) people will be required toimplement the proposed expansion in the power sector during the 11th Plan period

    (2007-2012) in all modes of power generation, transmission and distributionexcluding nuclear power [11]. In addition the India-US civil nuclear deal comingthrough will be the creation another 100,000 new jobs for the 30-odd reactors thatIndia hopes to set up to meet its nuclear power deadline of 20,000 MW by 2020.The Indian power sector is likely to grapple with maximum attrition rate in thecoming years which could hover around 35% since Indias energy sector wouldwitness major expansion activities and call for fresh requirements.

    12

  • 8/2/2019 Business Communication Future Prospects

    20/31

    Major recruiters for IT in Power Sector will be [12]:-

    Alstom India.

    Tata Power Limited. Essar Power Limited.

    Era Infra Engineering Ltd.

    Gujarat Paghuthan Limited.

    Jindal Power Ltd.

    Reliance Power Limited.

    National Thermal Power Corporation Limited.

    Nuclear power Corporation of India Limited.

    Hydro Elewctric Power Corporation Limited.

    GMR Infrastructure Limited. Lanco Infratech Limited.

    Larson and Tubro Limited.

    Punj Lloyd Limited.

    Wipro.

    Infosys.

    HCL Technologies.

    Sterlite Power Ltd.

    GE India.

    Siemens Ltd. France's Areva.

    Toshiba of Japan's Westinghouse Electric.

    General Electric.

    Power Consultants in India [13]:

    TCE ConsultingEngineers Limited (TCE). FICHTNERConsultingEngineers (India) Private Ltd.

    L&T-Sargent & Lundy Limited. Development Consultants Pvt. Ltd.

    DESEIN Private Limited.

    Engineers India Limited.

    National thermal power corporation Limited.

    M.N.Datur and Company.

    13

  • 8/2/2019 Business Communication Future Prospects

    21/31

    Selection Criteria at the time of campus interviews [14]:-

    MBA in Power Management. Throughout 60% in 10th, 10+2, and Engineering.

    Summer Internship preferably done in the related area. Minimum 3.0 CGPA in the last MBA exam results.

    Generally prefer students with Electrical or IT background.

    Work experience in the Power Sector is preferred.

    CHAPTER 6

    INFERENCES FROM THE EXPERT INTERVIEWS

    I took interviews of people who are expert in their respective of PowerSector and I was able to conclude few more results for myself. On the basis ofthese interviews I found out that:-

    14

  • 8/2/2019 Business Communication Future Prospects

    22/31

    1. Financial closure of the projects was very important for Power companies.

    2. It is important to undergo the Summer Internship Program in the IT field sothat I can get PPOs and if not then I have better chances of getting a job inthe IT field,

    3. If initial pay packages are not high then it is not a matter of big concern asaccording to my performance the pay package can increase periodically(forPrivate Sector).

    4. Power Sector is going to develop exponentially in the coming years unlessthere are any financial crises.

    5. Government is taking huge initiatives for the Development of Power Sector,especially the IT field.

    6. I can opt for many IT companies that have recently entered the power sector.

    7. My IT experience in networking might not be considered.

    CONCLUSION

    15

  • 8/2/2019 Business Communication Future Prospects

    23/31

    When I started writing this report I had a very vague aim of entering the IT field ofthe Indian Power Sector. I had no idea what I was going to do or what plan I had tofollow to achieve this goal and most importantly Is this aim really feasible andachievable for me? But after finishing this report I now have a perfect idea about

    my career and its growth pattern in the coming years.

    I came to know that since the government is going to install round about 100,000MW in the coming 5 year plan hence there will be huge opportunities opened upfor MBAs in Power Management. The R-APDRP Program started by theGovernment of India has been opened up specifically for the introduction of ITApplications in the Power Sector. This is the area where I have to target to get a

    job in an IT company.

    Future Course of action

    According to the eligible criteria I will have to maintain a minimum CGPA of 3.0.To do this I will have to study regularly and revise all the subjects before theexamination to ensure that. Also I will have to make sure that I get SIP in acompany which is currently working in aR-APDRP project so that it will give a boost to my opportunities at the time offinal placements and will also give me a prior work experience in the IT field.I will have to keep in touch with my seniors to further help me whenever requiredand also keep a close eye on the happenings in the Indian Power Sector as it willcreate a lot of difference at the time of interviews.

    The most important aspect that I need to cover is to start thinking as in a differentway and be critical and reasonable in my views and thinking. For this I will haveto undertake some good projects in the coming semesters so that I can developsuch skills.Since being a manager I might have to meet a lot of people I will have to take the

    personality development program very seriously. Also I will try to give as manypresentations in the class as possible so as to sharpen my confidence andpresentation skills.After preparing this report I am definitely sure that if I take the above concludedsteps then I will definitely able to turn my dream into reality.

    ANNEXTURE 1

    16

  • 8/2/2019 Business Communication Future Prospects

    24/31

    Interview with:-Dharmendra GuptaSenior Executive,A2Z Power Company,

    Gurgaon

    1) How would you forecast the future of Indian Power Sector in the coming years?

    The Indian Power Sector is going to see a huge growth in the coming futureas government of India has allowed private participation in this field. Ahuge investment has already been done in this field and with the estimatedcapacity addition of 100,000MW in the 12th Five Year Plan only more isgoing to come. This will be a very lucrative field for Engineers andentrepreneurs in the coming future.

    2) What are the career opportunities in IT Application of power sector after MBAin power management?

    Undoubtedly there are a lot of opportunities present in this field as need ofsoftwares like SCADA and installing of Smart Grid has become the need ofthe hour and government of india is also taking a lot of steps to introducethese technologies. These projects need a good understanding of computersand will be a good option for you.

    3) What steps has Government of India undertaken in the IT field of Power Sector?

    The GoI has already invested 50,000 crores in the IT Application field underthe R-APDRP program and is again going to invest 100,000 crore in thenext 5 year plan. So it is going to open many job opportunities in this sector.

    4) What companies should I target for pursuing my career in IT Applications?

    All the major companies like Accenture, HCL, Infosys, Emerson etc. have

    already entered the Power Sector and hence you can target all these ITcompanies for your placements provided that these companies come foryour campus placement.

    5) In which sector private or public do you feel has a better career growth alongwith better job satisfaction?

    17

  • 8/2/2019 Business Communication Future Prospects

    25/31

    See it totally depends upon you. In private sector you will get good paypackages and will have to work very hard for that, the public sector hasrelatively lesser work pressure but there is a very slow growth of career and

    promotions are hard to come your way. It depends which type ofenvironment do you like to work in.

    6) As a management trainee what kind of qualities do you expect that I shouldhave?

    i) Good knowledge of Accounts and Economics.ii) Good knowledge of current scenarios in India Power sector.iii) Innovative thinking.iv) Most important is you should be able to work in pressure conditions.

    7) According to you what are the possible disadvantages of joining the ITApplication field?

    For every project the main area of concern is money. Delays in the approvalof the project are a big hurdle for the private companies. But if I talkspecifically about you then your computer science background might narrowyour opportunities in campus placement but that is not a huge matter ofconcern.

    8) If I work for 5 years in a consultancy firm in an above average performancewhat do you think would be my pay package?

    Do not worry about the pay package. If you perform according to theindustrial requirements of the job then you will definitely beat a very good

    position as the Sector is currently booming and will keep the same pace fornext 12-14 years. If money is concerned it depends upon how good youwork but just to mention I can say that you can get an average package of10-12 lakhs.

    9) I have experience in networking field of IT as I have worked with HCLtechnologies for 8 months. Do you think it will be considered at the time of my

    placements?

    18

  • 8/2/2019 Business Communication Future Prospects

    26/31

    Having experience in IT sector is good but is required more is your in depthknowledge of power sector. It also depends on the company if they considerit or not as different companies have different selection criteria. Butaccording to me your experience will definitely have a positive impact on

    your resume.

    10) Do u think with MBA in Power Management I should go far any specificcourse for better future prospects in the IT field of power sector?

    No, I dont think any separate course is required for you. An MBA in PowerSector is good enough. But it will be better for you if you keep yourself updated onthe power sector. Get a subscription of Economic times and a good Power Sectormagazine.

    19

  • 8/2/2019 Business Communication Future Prospects

    27/31

    ANNEXTURE 2

    Interview with:-

    Shashank Singh,Senior Executive, National Energy Trading ans Services Ltd.(Lanco Power Trading),

    New Delhi

    1) How would you forecast the future of Indian Power Sector in the coming years?

    As this is an established fact that Indias GDP is growing at a rate of 7- 8 %and to maintain this pace the power sector has to grow at around 8-9%. Thishas provided huge opportunities in the Power sector. Already foundation

    for increase in generation has been laid down by the Indian Government byintroducing The Electricity Act 2003. Majority of private players haveinvested in UMPP & Mega Power Projects. Not only generation, the govt.has taken steps to improve the condition of transmission sector by allowingcertain level of private participation in this sector. The power ministry has aVision of POWER FOR ALL by 2012 and by introducing the new act in2003 has increased the competition vastly in this field. It is going to be oneof the fastest developing areas of the Indian Infrastructure.

    2) What are the carrier opportunities in IT Application of power sector after MBAin power management?

    There are a lot of opportunities present in this field because the Governmentof India and the private players have already invested a huge chunk ofamount in the generation sector and are now hell bent in increasing theefficiency of this sector. As India has the largest Transmission &Distribution losses in the world, the sector is in a dire need of efficiency andIT Application plays a pivotal role in it.

    3) What steps has Government of India undertaken in the IT field of Power Sector?

    The Indian government has taken drastic steps in this field as they arecurrently working on the R-APDRP program which they introduced majorlyfor IT purpose. They allocated a budged of 50,000 crores in the 11th FiveYear Plan and are now considering an investment of 100,000 crore in the

    20

  • 8/2/2019 Business Communication Future Prospects

    28/31

    12th Five Year Plan. This is a good opportunity for you considering the factthat you want to work in this area.

    4) What companies should I target for pursuing my career in IT Applications?

    Currently a lot of IT companies have entered the Power Sector as there are alot of projects coming up under the R-APDRP program. You can targetcompanies like PWC, Accenture, Wipro, HCL, Infosys etc. from where youcan start your career.

    5) In which sector private or public do you feel has a better career growth alongwith better job satisfaction?

    As far as job satisfaction is concerned it is has no relation with private or

    public sectors, it is totally depended on whether you had chosen the right jobwhich suits you & your capabilities.

    6) As a management trainee what kind of qualities do you expect that I shouldhave?

    i) Innovativeii) Hard Workeriii) Multi dimensional approach

    iv) Fun Loving

    7) Since you are expert in your particular field how would you describe it andfuture developments in your field?

    As far as power trading is concerned, CERC had to take bold steps becausesince most of the utilities are already in bankrupt condition so there isalways delay in payment from Buyer state & being a trader we had to makecontinuous payments to sellers and in lieu of that our margin is fixed to 7

    paisa only whereas the risk involved is very huge. If you want then you cantake this field as an alternative option.

    8) According to you what are the possible disadvantages of joining the ITApplication field?

    21

  • 8/2/2019 Business Communication Future Prospects

    29/31

    The major disadvantage of the IT field is the Financial closure of the projectas the funding is the most important part of it. The government sometimestakes a long time in approving the projects and this delays the project andfurther escalates the cost. The recession period is also a bad hit on the

    projects.

    9) If I work for 5 years in a consultancy firm in an above average performancewhat do you think would be my pay package?

    Above average performance is neither possible nor satisfactory in any sectorif you want to grow in it. IT field specifically demands meeting of deadlines.I cannot tell specifically about the pay package but still 5 years down theline you will be at a position where you can always lead or demand for acertain pay package.

    10) I have experience in Networking field of IT as I have worked with HCLtechnologies for 8 months. Do you think it will be considered at the time of my

    placements?

    Experience in any field is always valued but being an MBA graduate yourdepth of knowledge of the field and the way you think (innovatively) willmatter the most. But if you consider the monetary aspects then I dont thinkan experience of less than a year will have any effects on your package.

    11) Do u think with MBA in power management I should go far any specificcourse for better future prospects in the IT field of power sector?

    No, any specific course is not required and MBA in Power is enough but itwill definitely be an advantage for you if you could go for a basic course inSCADA software.

    22

  • 8/2/2019 Business Communication Future Prospects

    30/31

    REFERENCES

    1. www.prosperingindianpowersector.blogspot.com

    2. www.prosperingindianpowersector.blogspot.com

    3. www.prosperingindianpowersector.blogspot.com

    4. www.prosperingindianpowersector.blogspot.com

    5. www.prosperingindianpowersector.blogspot.com

    6. www.power min.gov.in

    7. http://www.apdrp.gov.in/

    8. http://www.apdrp.gov.in/Eligible_Town_Utility/SCADA_Towns.aspx

    9. www.google.com

    10.www.google.com

    11.http://www.indiainfraguru.com/power/jobs.html

    12.http://www.indiainfraguru.com/power/consultants.html

    13.http://www.indiainfraguru.com/power/consultants.html

    14. Seniors of MBA(Power Management) 2010 Batch.

    23

    http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.powermin.gov.in/http://www.apdrp.gov.in/http://www.apdrp.gov.in/Eligible_Town_Utility/SCADA_Towns.aspxhttp://www.google.com/http://www.google.com/http://www.indiainfraguru.com/power/jobs.htmlhttp://www.indiainfraguru.com/power/consultants.htmlhttp://www.indiainfraguru.com/power/consultants.htmlhttp://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.prosperingindianpowersector.blogspot.com/http://www.powermin.gov.in/http://www.apdrp.gov.in/http://www.apdrp.gov.in/Eligible_Town_Utility/SCADA_Towns.aspxhttp://www.google.com/http://www.google.com/http://www.indiainfraguru.com/power/jobs.htmlhttp://www.indiainfraguru.com/power/consultants.htmlhttp://www.indiainfraguru.com/power/consultants.html
  • 8/2/2019 Business Communication Future Prospects

    31/31

    BIBLIOGRAPHY

    1. Ministry of power.

    2. Kerala State Electricity Board (www.kseboa.org)

    3. Central Electricity Regulatory Committee.

    4. Central Electric Authority.

    http://www.kseboa.org/http://www.kseboa.org/