Parikalp Vol2

8/8/2019 Parikalp Vol2

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- http://www.youtube.com/watch?v=ISbyQBi7QV

- http://www.youtube.com/watch?v=BWZts2gJllM

- http://www.youtube.com/watch?v=fqDI0NsVGf

- http://www.youtube.com/watch?v=cDa29_mGw

- http://www.youtube.com/watch?v=eHOMQ58c


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From the Editors Desk

Dear Readers,

It gives me immense satisfaction to present you with the secondissue of Parikalp. In this issue we have attempted to continue

with our endeavor of sharing our knowledge, ideas and creativity

on a shared platform.

The cover story this time focuses on the Delhi International

Renewable Energy Conference (DIREC) which was held in Oct

2010. It is one of the series of Global Ministerial level conferences.

DIREC provides an international platform for government, private

sector, and civil society leaders to jointly address the goal of

advancing renewable energy.

The issue also features some of the regular columns, which we

hope will provide the reader with handy and useful information.

This issue also shares thoughts and reflections of some of our

fellow NPTIans over certain intriguing aspects of life.

The issue has been brought up under severe time and resource

constraints, but we have tried our level best to retain the essence

and flavor of the magazine.

The Editors have envisaged helping the NPTIans in unbundling

their creativity and opening up the limits of their expression. Our

vision therefore puts certain expectations from the readers too

which we believe shall continue to increase in coming times.

We hope that the magazine with its green and prosperous content

enriches and enlivens you and impels you to continue supporting

our shared vision.

Patron

Mr. Subodh Garg

Director General

National Power Training Institute,

Faridabad, India

Mentor

Mr. J.S.S. Rao

Principal Director

Centre for Advance Management

and Power Studies

NPTI, Faridabad, India

Advisors

Mr. Deepak Lokhande

Mrs. Manju Mam

Mrs. Indu Maheshwari

Dr. Rohit Verma

Mr. N.V.Kumar

Mr. K.P.S. Tomar

Mr. Amit Mishra

Ms. Farida Khan

Editorial Board

Er. Arun Mehta

Er. Girish Deveshwar

Er. Navneet Vashishtha

Er. Pradeep Kumar

Er. Gaurang Chandel

Er. Prapti Dutta

Er. Rajat Tomar

Design & Graphics

Er. Ashman Gautam


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Contents

1. Power Updates2. Business Review3. DIREC 20104. Shahinomics5. Common Between Commonwealth and Exams6. GBI Scheme- FAQs

7.

Doubt ??

8. Turnaround strategy for low performing DISCOMS9. Business Valuation of Utility10.Life as an Infoscion11.Lateral Thinking12.Renewable Energy Certificates13.

14.

15.Death Of A Dream16.Friend17.Funny Quotes18.Reviews


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Power Updates

PFC inks finance deal with Nuclear Power Corpn

New Delhi, Oct. 28

Power Finance Corporation said it has signed an agreement with the Nuclear Power Corporation ofIndia Ltd (NPCIL) on Thursday for providing financial assistance for new projects and for

refurbishment of atomic power stations. The company has signed a memorandum of

understanding with NPCIL for offering financial assistance to it for its new power projects as well as

renovation, refurbishment and life extension projects, PFC said in a filing to the BSE.

Bengal in talks with BHEL, NTPC for two power plants

Kolkata, Nov. 2

The West Bengal Power Development Corporation Ltd will enter into joint venture agreements

with both Bharat Heavy Electricals Ltd (BHEL) and NTPC Ltd for setting up power plants at Katwain Burdwan and Santhaldighi in Purulia by the end of this year.

NTPC in Platts Global Energy cos list

New Delhi, Nov. 4

NTPC Ltd has been ranked among Platts Top 250 Global Energy Company listings for the year

2010 and been ranked first as an Independent Power Producer (IPP) in Asia. The company has

been ranked No 10 in overall performance among the energy companies in Asia and No 52 on

overall global performance among energy companies by Platts, improving on its last year ranking of

73, NTPC said in a statement.

Nuclear Power Corpn's talks with Kazakhstan in advanced stage

New Delhi, Nov. 4

Nuclear Power Corporation of India Ltd (NPCIL) is in advanced stages of

discussion for export of two indigenous reactor units to Kazakhstan.

Detailed talks have also been initiated with utilities in Vietnam and

Thailand.The nuclear major had launched a 220 MW single-unit

pressurised heavy water reactor design for exports and is marketing it as

a proven and cost-effective option for countries with small grids.NPCIL is

also readying SMR (small and medium sized reactor) units of 540 MW and 700 MW capacities for

exports, tailor-made to local conditions for countries needing such reactors.

NSPCL achieves plant load factor

Kolkata, Nov. 8


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NSPCL, Bhilai, a NTPC-SAIL joint venture producing electricity for the past one year, achieved in

October 103.51 per cent PLF (plant load factor) at 385.04 million units, the highest among all

power generating stations in the country, according to a NSPCL release. Mr N NMisra, Chairman and

Mr V D Paranjape, General Manager, NSPCL, congratulated the employees for the achievement, the

release added.

PowerGrid to raise Rs 8,000 cr

New Delhi, Nov. 9

Power Grid Corporation of India Ltd (PGCIL) plans to raise Rs 8,000 crore

through the sale of bonds in the domestic market over the next fiscal (2011-

12). We will be raising this money in the second and third quarter of the next

financial year, said the Director-Finance, Mr J. Sridharan. PGCIL aims to double

capital spending to about Rs 1,20,000crore in the Twelfth Five Year Plan (2012-17).

Phase 2 of NTPC's Simhadri unit will be ready by end of financial year

Visakhapatnam, Nov. 11

The second phase of the NTPC-Simhadri power plant at Parawada near Vishakhapatnam will be

partly completed by the end of the financial year. The second phase consists of adding 2 more 500

MW generators to the existing two generators of 500 MW each. The second phase will require an

investment of 5000 Crore.

By: Rajat Tomar

MBA-9th Batch


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Business Review

First-time HNIs must make minimum investment of Rs 5 lakh: SEBI

Market regulator SEBI has asked portfolio managers not to circumvent rules and ensure that the

minimum fund or security collected from a first-time client is Rs 5 lakh. SEBI said that accepting

less than Rs. 5 lakh before opening an account is in contravention of Regulation 15 (1A) of the SEBI

(Portfolio Managers) Regulations, 1993.

Currently, high net-worth individuals (HNIs) invest money through portfolio management firms.

SEBI's rules define HNIs as investors that invest up to Rs 5 lakh and more.

"Portfolio managers shall ensure that the disclosure document is given to all clients along with the

account opening form at least two days in advance of signing of the agreement," SEBI said.

SEBI has also asked the portfolio managers not to term their investment portfolios as 'schemes'

while marketing them to clients.

India releases first climate change report

India released assessment report Climate Change and India: A 4X4 assessment on the impact of

climate change on agriculture, health, water and forests in four regions of the country.

The report, covering the Himalayas, the Western Ghats, the coastal zone and the northeast has been

prepared by the Indian Network for Climate Change Assessment (INCCA) comprising 220 scientists

from 120 research institutions across the country and ponders over the impact of climate change

on India in 2030.

The report predicts that temperatures would rise by 1.7 to 2.2 degrees with the maximum increase

in coastal regions. Also the Himalayas, North-East, Western Ghats would see increase in rainfall,snow and storm

Earlier INCAA had published report on Greenhouse gas emissions in India.India, the world's fourth

largest greenhouse gas emitter, has launched a new United Nations-backed project to reduce

emissions.

India offers Oil & gas blocks for exploration under IXth NELP The Ministry of Oil and Petroleum

has offered 34 oil and gas blocks for exploration in the ninth round of New Exploration Licensing

Policy (NELP).The blocks offered include 8 deep-sea, 7 shallow water and 19 on land ones. The on


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land blocks include 8 small blocks, demanding a technical qualifying criterion for companies to bid.

In the eight rounds of NELP since 1999, 235 blocks have been awarded till date. This has resulted in

enhancement of exploration coverage from the previous 11 per cent, to about 58 per cent of the

Indian sedimentary basin between 2000 and 2010.

Under NELP-VIII, 70 blocks were offered for exploration, the biggest licensing round in India. Of the

36 areas bid for, the government had awarded 33 to successful bidders.

Reliance Natural Resources Ltd. (RNRL) merges with Reliance Power Ltd.

Anil Ambani-led Reliance Power said four shares of Reliance Natural Resources (RNRL) will be

converted into one share of Reliance Power (RPower) as part of the merger between the two group

companies.RNRL shareholders will get one RPower share with face value of Rs 10, in exchange for

four shares of RNRL of face value of Rs 5 each. The share exchange ratio was based on the

recommendations of leading international consulting firm KPMG.

RNRL has become a wholly-owned subsidiary of RPower and its shares have ceased to be tradable

on the stock markets with effect from November 9.The merger will result in RPower becoming the world's largest shareholder family with around 50

lakh people, from the present 35 lakh.

Besides, RNRL's gas supply agreement with Reliance Industries will accelerate the implementation

of RPower's plans for setting up over 8,000 megawatt of gas-based power generation capacity.

RNRL shareholders would also benefit from the substantial coal reserves and growth prospects of

RPower's diversified generation portfolio of 37,000 MW.

Jindal Power likely to launch Rs 7,000 Cr IPO in 6 months

Jindal Power is likely to launch a Rs 7,000 crore initial public offer (IPO) in the next six months. The

company plans to expand by increasing steel production capacity to 10 million tonnes per annum in

three years. At present, the company's output is 3 million tonnes per annum. The company will also

augment its power generation capacity to 6,000 Megawatts in three years from 2,000 megawatts at

present.

Tata DoCoMo launches 3G services

Tata Teleservices (TTSL), which has Japanese firm DoCoMo as partner has launched 3G mobile

services in nine circles, enabling subscribers to access high speed Internet and video telephony.

With this, Tata DoCoMo became the first private telecom firm to launch 3G mobile services in the

country. Two state owned firms - Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam

(MTNL) - had launched the services more than a year ago.

Tatas had bagged 3G spectrum in nine circles of Kerala, Karnataka, Madhya Pradesh (including

Chhattisgarh), Rajasthan, Gujarat, UP (West), Punjab, Haryana and Maharashtra in the auction held

recently.


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It's 3G network, set up with the assistance of NTT DoCoMo, supports high-speed Internet access

with speeds of up to 21.1 Mbps and the services were made available on commercial basis from

November 5.

Videocon plans to split businesses

Durables-to-oil and gas conglomerate Videocon Group is

planning to split its various businesses, a move that could

help them raise capital or induct strategic partners into

some businesses.

The company has recently discovered hydrocarbons in the

Tarakan basin of Indonesia and had also announced a gas

find in a second well in Mozambique in Africa.

Exactly a decade ago, Videocon group had restructured its

operations by forming eight strategic business units orprofit centres. Since then, the $2-billion Videocon Industries

has diversified into capital-intensive businesses such as

power, telecom, media, oil and gas.

Some experts feel such restructuring is an easy way to get new partners and financial options.

PowerGrid FPO oversubscribed 10.67 times

State-run PowerGrid Corporation's follow-on public offer (FPO) was oversubscribed 10.67

generating demand worth a whopping Rs 81,092 crore.

The FPO, through which the government is looking to garner Rs 7,600 crore, has received bids for898.4 crore shares, against 84.17 crore shares on offer, according to the data available with the

National Stock Exchange.

The government is divesting 10 per cent of its 86.36 per cent stake and the company would raise

equal percentage of fresh equity through the offer priced at Rs 85-90 per share.

The capital raised from the FPO will be used for part-funding the PSU's Rs 55,000-crore capex plan,

with Rs 30,900 crore worth of investment lined up over the next two years.

By: Pradeep Kumar

MBA-8th Batch


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Cover Story

Government of India hosted the Delhi International Renewable Energy Conference (DIREC) 2010

from October 27-29, 2010 on the theme of 'Up-scaling and Mainstreaming Renewables for Energy

Security, Climate Change and Economic Development".

DIREC 2010 is the fourth in the series of global Ministerial-level Conferences on Renewable Energy,

which follows from the initiative taken at the 2002 World Summit on Sustainable Development in

Johannesburg, acknowledging the significance of renewable energy for sustainable development.

DIREC 2010 is an international platform for government, private sector, and civil society leaders to

jointly address the goal of advancing renewable energy.

The Renewable Energy and Efficiency Partnership(REEEP) was commissioned by the Government

of Indias Ministry of New and Renewable Energy (MNRE) to carry out preparatory regional

stakeholder consultations for the Delhi International Renewable Energy Conference (DIREC 2010)

The aim of the consultation was to take a snapshot of the opinions of key energy stakeholders

around the world, particularly to understand:

Key Renewable resources and technologies

Major market barriers

Important and effective policy and finance mechanisms

Need for capacity building

The identification of appropriate stakeholders and their surveying was done by REEEPs

International Secretariats which worked in close collaboration with their Regional Secretariats. The

responses received from different regions have been tabulated below.


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Each respondent received a questionnaire containing 12 questions and were encouraged to answer

all questions with the exception of North American and European respondents for whom question

regarding access to energy was removed because of its reduced relevance.

The Questionnaire comprised of General Questions related to renewable energy, questions related

to market barriers and questions related to policy ,regulation, business and finance.

The questions and their answers received from the stakeholders are shown below:

General Questions

Q1. What do you see as the renewable energy source with the maximum potential in your country?

Solar is perceived to be the renewable energy resource with maximum potential particularly in

South Asia, Southern Africa, West Africa and East Asia as shown below.


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Q2. What do you see as the most appropriate technology to harness the renewable resources in

your country?

Solar Technologies are perceived to be most appropriate technology to harness renewable

resources in all regions except North America and Europe where wind technologies are favored.


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Q3.What are the most needed energy services you believe renewable energies are best suited to

deliver in your country?

Lighting is considered as the single most needed energy service that renewable energies are best

suited to deliver.

Q4.Which RE Technology is most suited to expanding energy access in your country?

Across almost all regions Solar is considered to be most suited to expanding energy access.


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Questions related to Market Barriers

Q1.What do you see as the major barrier to widespread adoption of renewable energy in your

country?

There is no single major barrier to widespread adoption of renewable energy. The wide range of

barriers includes financial barriers, lack of incentives by government, lack of certainty and capacity

constraints.

Q2.As a stakeholder in renewable energy do you have easy access to types of information you need?

The majority of stakeholders believe that

they have easy access to types of

information they need.


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Q3.Is there sufficient human capacity with the skills needed to support the widespread adoption of

RE Technologies?

Respondents do not believe that there is sufficient

human capacity with skills needed to support the

widespread adoption of renewable energy

technologies. This is the case for all countries except

North America and Europe.

Policy and Regulation Questions

Q1.Which government policy has so far been most effective in promoting RE Technologies in your

country?

There has been a mixed response on the government policies which have been proven effective in

promoting RE Technologies. Specific Regulatory Incentives and National Policies have been most

effective in promoting RE Technologies in most of the countries.


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Q2.Which regulatory instruments have been most effective in promoting renewable in your country

so far?

Feed in tariffs are widely considered the most effective regulatory instrument in promoting

renewable, but the perceived lack of any effective regulatory instruments is also notable in some

regions.

Business and Finance Questions

Q1. What is the key business model offering the best potential for creating thriving renewable

energy businesses?

Public Private Partnerships were widely perceived as the key business model offering the bestpotential for creating thriving renewable energy businesses, although not universally.

Q2.What do you believe is the main source of financing of renewable energy technologies in your

country?

There is no major perceived source for financing of Renewable Energy Technologies.


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Power Speak By: Shri R.V.Shahi

Shahinomics

..Availability should not follow demand; it should lead demand. The more of electricity we

provide, the more economic activities will happen. This link and co-relation must be understoodand appreciated.The requirement of optimal solution would not only be on the basis of economic

consideration- which of course will be the most paramount factor, but also on the consideration of

environmental issues, requirement of rehabilitation and resettlement and such other matters.

: @ 90th Indian Science Congress, Bangalore, 2003

.Indian power sector is full of problems- in fact major challenges- and therefore, offers enormous

opportunities. Obviously, any problem will have to be tackled in an integrated fashion.Most

important, apart from all these, there would also be the problem of change of mindset.

: @ Dr. N Tata Rao Fifth Endowment Lecture, Hyderabad, 2006

.It must, however, be recognized that we cant remain dependent on others. Our problems in

many ways are different from others. Size of the expansion of power industry being envisaged in

itself is a big challenge.

: @ Workshop organized by Dept. of S.&T. and BHEL, New Delhi, 2006

Benchmarking is the essence of excellence. Performance benchmarking creates an inspiration

not only to emulate but to further improve upon.[But] the concept of benchmarking has to beyond

choosing the role model and emulating the role model. What may be required is not only to choose

the role model but also to the role model for different parameters of performance and behaviour.

: @ Foundation Day Lecture of Karnataka Power Corp., Blore, 2002

..Paradoxically, a country that faces problems of shortage of energy, including electricity, is also

the one that consumes energy in inefficient ways. India is no exception.

: @ National Energy Conservation Day, New Delhi, 2006

.Energy production and consumption is, in fact, the basis for growth of civilization. [Arguably]

global industrial revolutions witnessed extensive use of energy [and gradually] the race for


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development coincides with the race for generation and consumption of energy. [Erroneously] this

led to disproportionate emphasis on SSM (Supply Side Management) .

: @ IEA Workshop on Energy Efficiency in Buildings and Building Codes, New Delhi, 2006

Indian power sector is, indeed, full of problems and challenges. One of the biggest challenges is

the structure of this industry itself.

: @ 9th Power India Forum-2006 organized by India Energy Forum, New Delhi

.For investment in any industry, there must be demand. [However], while demand and growing

demand is a necessary condition for investment, it is not a sufficient condition. [There] are a

number of other condition which make the whole package complete for investment opportunities

to fructify, [and] one very important issue relates to the security of payments...

: @ FICCIs Valedictory Address in India Electricity-2006, New Delhi

.Reform of power sector, in essence, means reform of the electricity distribution business. We do

have problem in the areas of generation as well as in transmission [but] the real reform action s are

needed in the distribution sector. [It must be recognized that] if financial health of the sector does

not improve, neither the private sector investment would be possible nor public sector could

invest.

: @ International Conference Organized by NCAER at Agra in 2002.

.Primarily, there is no disagreement with the fundamentals of market approach. The problem

arises when an ideal goal is projected without skillfully structured road map to reach the goal.

Management of transition to a mature market is what needs to be appreciated.

: @ IEA Seminar on Energy Insights form Asia Pacific, Sydney, 2006

.Technology has always been the prime mover of economic and industrial development in any

society. [An] industry survives and grows on a long term basis only if it continuously re-visits its

approach towards technological advancements and applications.

: @ ERDA Foundation Day Lecture on R&D in Power, Baroda, 2004

By:Parikalp Team


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Any Color You Like

Common Between Commonwealth and Exams

There was a lot of hue and cry going around about the Commonwealth Games held in Delhi this

October. From News channels to News dailies, all were flooded with the reports raising doubts on

the successful completion of the games. The qualm over Commonwealth Games reminds me of the

exams days when everyone, from teachers to mothers, raises doubts about ones wards clearing

the exams. As we know, at the start of every semester, that we will be having our final exams after 6

months, so was with the Commonwealth Games 2010- that Delhi would be hosting it 6 years hence.

There is not much difference between us and the Organizing Committee. They were sleeping for

quite many years and woke up just a few months back. It is much the same as we sleep for 5 months

and 29 days and on the eve final exams we realise that there is not much time left now and in a

couple of hours we arrange all the notes

which were missed while we were on

bunk. Similarly, the OC took only a

couple of weeks to arrange all the items.

In a matter of just countable hours we

grasp everything which we were suppose to learn in about 5 months and get surprised seeing the

hidden efficiency in ourselves. Next morning, when we come out of exam hall, we take sigh of relief

and say to ourselves chalo pass toh ho hi jayenge. But, the pleasant shock comes when the results

are out and the hard work of just one day gives an output of 70%. Then we promise to ourselves

that next semester we would start studying from the beginning and would be the topper of the

class. The OC of Commonwealth Games had only a few days left to cover up all the things, which, for

many people was an impossible task. But I, as an Indian, a Delhiite and a student, had perfect faithin the OC and I was sure that the Delhi Games will be a success. The world will appreciate the Just-

in-Time approach of the OC and, not the least, ours- the students.

Jai Hind

By: Siddharth Arora

MBA-8th Batch


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Power Excerpt

Generation Based Incentive (GBI) Scheme - FAQs

Q1 By whom & when was the GBI Scheme announced?

A1 The scheme was announced by the Ministry of New & Renewable Energy, Government ofIndia, for Grid interactive Wind Power Projects on 17th December, 2009.

Q2 What are the main objectives of the GBI Scheme?

A2 i) Facilitating entry of Independent Power Producers (IPPs) in a major way. ii) Attracting

Foreign Direct Investment (FDI) in the Wind Power Sector.

iii) To Provide a level playing field between various classes of investors. iv) To incentivize higher

generation efficiencies.

v) To provide a framework for transmission from an investment based incentive to outcome based

incentive.

Q3 Who is the implementing agency for the GBI Scheme?

A3 Indian Renwable Energy Development Agency (IREDA) Ltd., New Delhi.

Q4 What is the timeframe and capacity limitation set forth under the scheme?

A4 The scheme is limited to a capacity if first 4000 MW, commissioned on or before 31st march

2012.

Q5 What is the cutoff date for the commencement and implementation of this scheme?

A5 Those power producers who have commissioned wind projects after 17th December, 2009.

Q6 What investment segment would be applicable under the scheme?

A6 Sale of electricity to utility + Captive power projects (wind)

Q7 Which segment has been excluded from the applicability of the GBI scheme?


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A7 Wind Power Projects selling to third party (Merchant power plants) and also those availing

AD.

Q8 What is the maximum and minimum time frame set under this scheme for an investor to

avail the incentives?

A8 The incentive can be availed after a minimum period of 4 years and within a maximum of 10

years post the completion of the project.

Q9 At what rate will the GBI be given?

A9 The GBI is @INR 0.50 per unit of electricity fed into the grid.

Q10 What is the maximum outlay of the incentive on a per MW basis?

A10 INR 62 Lakhs or INR 6.2 million/MW.

Q11 What is the cap set on the total disbursement in a year?

A11 The total disbursement in a year shall not exceed one-fourth of the maximum limit; i.e. INR

15.50 lakhs (or INR

1.55 Million).

Q12 Is there any floor or ceiling for a developer in terms of the MW that can be considered for

availing the incentive?

A12 No. There isn't any such floor or ceiling defined in the scheme.

Q13 Is registration mandatory for availing the GBI Scheme?

A13 Yes. All Wind Power Projects whose machines are commissioned in India after December 17,

2009 and on or before 31st March, 2012 (limited to first 4000 MW) have to be mandatorily

registered with IREDA for availing this incentive. (Even AD cases will now be registered)

Q14 What is the provision for eligibility identification post registration?


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A14 Post registration a Registration number and a Unique Identification Number (UIN) shall be

allotted to each project and each machine commissioned respectively.

Q15 What is the Processing fees for registering GBI Projects with IREDA?

A15 INR 75,000 one time upfront non-refundable exclusive of Service Tax, payable to M/s IREDA

Ltd.

Q16 What are the required documents to be submitted for registration of project under the GBI

Scheme with

IREDA?

A16 i) Registration Form [Annexure I]

ii) Wind Turbine Generator (WTG) Details [Annexure II]

iii) Copies of Certified Commissioning Certificates [Annexure III]

iv) Declaration Certificate from CEO/MD/Director of Company [Annexure IIIa]

v) Processing Fees (Either Demand Draft or RTGS)

Q17 What is the periodicity of claiming the proceeds under the GBI scheme from IREDA?

A17 The claims can be availed on a half yearly basis (April - September and October - March).

Q18 What are the documents required for claiming the proceeds under the GBI Scheme from

IREDA?

A18 * Claim form as per IREDA format

* Copy of Joint Meter Reading (JMR) report by the Utility.

* Copy of Invoice raised as per JMR

* Copy of Certified Tax Returns evidencing that no Accelerated Depreciation has been claimed.

Q19 Once a Company opts for GBI Scheme can it switch over to AD later?

A19 Change of option once chosen is not allowed.


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Q20 Will the GBI Incentive be over and above the tariff approved by the State Electricity

Regulatory Commissions in various states?

A20 Yes, and this will also not be taken into consideration while deciding the tariff by the State

Regulators as per policy.

Q21 When will the GBI Scheme be evaluated and when will it be up scaled?

A21 The GBI Scheme will be evaluated during the last year of the 11th FYP (i.e. 2012) and further

upscaling would be considered based on the evaluation.

Q22 What happens if an existing company enjoying GBI, amalgamates, changes its form, transfers

its assets to another company and as a result forms a new identity? Would this resultant company

be eligible to continue availing GBI benefit for the balance period of the scheme?

A22 The GBI will be released by IREDA only when the claimant provides a proof that it has

intimated the concerned commissioner of Income Tax of the changed position of ownership and

henceforth, the new company will not claim the benefit of the Accelerated Depreciation.

Q23 Would CDM registered projects be eligible for GBI?

A23 Yes they would be eligible.

Q24 What are the various relevant Government Policy Documents and where can they be

downloaded from?

A24 --> MNRE notification file No. 53/1/2008-WE (http://mnre.gov.in/gbi-scheme.htm)

--> GBI Operational Guidelines

(http://www.ireda.gov.in/pdf/OPERATIONAL%20GUIDELINES%20for%20Wind%20GBI%20and

%20AD%20as%20on%2026.05.2010.doc)

- (http://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdf)

Q25 To whom should any queries ragarding registration & claim of GBI be addressed to?

A25 All further queries and clarification may be addressed to [email protected]

By: Suramya Dwivedi

MBA-8th Batch
http://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfhttp://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfhttp://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdfmailto:[email protected]:[email protected]:[email protected]://www.ireda.gov.in/pdf/GBI_AD_REG_FORM_ANNX_I.pdf


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Reflections

Doubt??

My little nephew of 5 came to me with a big question mark on his face. He doubted the existence of

air everywhere around him. He actually came to know that from his mom, who couldnt make himunderstand what the air was. Yes, wind can be felt only. How to convince the little kid about the

existence of air in the atmosphere? My little kid had a great doubt, which made me think about

Doubt!! Now. I doubt----------

I would like to write something on Doubt before filling the above blanks. My nephews doubt

made me think about doubt. Then, I tried recollecting my childhood to find how I could believe the

existence of the air. Slowly, I went into my childhood

When I was 6 years old, I put my finger in the electric-socket and something happened to me. I

doubted, the reason?

When I was in 2nd standard, I doubted, Sun rays are there every day. Why not every day a

Sunday?

I doubted, Father has so much money in his pocket. Why is he giving me a very little pocket

money? 4th standard

I doubted, Some of my actions which my father didnt lik. I doubted what is right and what is

wrong? - 4th standard


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I doubted, Human being is a developed version of monkey. Why cant a human being have

Monkeys blood if there is an emergency? - 5th standard

I doubted, Newtons 3rd law says for every action there is an equal and opposite reaction. Why

dont the balls made up of Atta powder come back from wall at the same speed? 7th standard

I doubted, If we replace the Human eyes with a dogs eyes, will the human being find Red as

Red? 8th standard

I doubted my rank at school 10th standard.

I doubted the people out of my small world i.e. whether they are good or not - 1st year MBA

As per expert opinion, Doubt, in everyday language, is closely related to the notion of uncertainty.

In the Websters Encyclopedic unabridged Dictionary of English Language, the entry Doubt (verb) is

defined as to be uncertain in opinion. Doubt (noun), on other hand is a feeling of uncertainty

about the truth, reality or nature of something. The Merriam-Webster online dictionary defines

Doubt (noun) as uncertainty of belief or opinion that often interferes with decision-making.

Experts say that Doubt is the status between belief and disbelief and involves uncertainty or

distrust or lack of sureness of an alleged fact, an action, a motive, or a decision. Further, doubt is the

rational part of a person's thought involved in weighing evidence, without which the belief would

have no real substance. Scientists say that belief is not a decision based on evidence that, say,

certain beliefs about God are true or a certain person is worthy of love. No such evidence could ever

be enough to pragmatically justify the kind of total commitment involved in true theological belief

or romantic love. Belief involves making that commitment anyway. Thus, the concept of doubt

covers a range of phenomena: one can characterize both deliberate questioning of uncertainties

and an emotional state of indecision as "doubt".

Itis said that Doubt is the mother of Invention. Doubt will make a person to search for reason

which in turn leads to Innovation. If Newton didnt get a doubt about the apple falling on ground,

we would not have got the Law of Gravity. Many scientific advances have been started by doubt on

preceding hypotheses. Scientists say that the starting point and chief principle of every science, and

hence of theology also, is not only methodical doubt, but positive doubt. They go on to add that one

can believe only what one has perceived to be true from reasonable grounds, and consequently one

must have the courage to continue doubting until one has found reliable grounds to satisfy the

reason.

Moreover, scientists say that the realization of Good & Badstarts from Doubt only. Doubt is the

seed of Human Development tree. Our modern human life is impossible if there is no Doubt. The

words why, what and how are the bases for getting clarity on any aspect and there is no doubt in

saying that these words are results of Doubt and represent the Doubt.

Perhaps, in real life situations, introspection before a choice is made is pervaded with doubts (or

confidence) about how good will be the consequences associated to each of the available


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alternatives. Doubts play an important role in decision-making. Doubts could be a source of

learning, but has attracted little attention in behavioral economics.

Now.. Does all the above mean that to doubt everything is good all the times? The answer is

NO. Then, the question comes- what to Doubt what not to? So, let us see the negative side of the

Doubt too.

Scientists say that Doubt sometimes tends to call on reason. Doubt may encourage people to

hesitate before acting, and/or to apply more rigorous methods. Doubt may have particular

importance as leading towards disbelief or non-acceptance. Psychoanalysts attribute doubt (which

they may interpret as a symptom of a phobia emanating from the ego) to childhood, when the ego

develops. Childhood experiences can plant doubt about one's abilities and even about one's very

identity. Doubt brings into question some notion of a perceived "reality" and may involve delaying

or rejecting relevant action out of concerns for mistakes or faults or appropriateness. Some

definitions of doubt emphasize the state in which the mind remains suspended between two

contradictory propositions and unable to assent to either of them i.e. Doubt may lead to in-

decisiveness.

So, doubt should be reasonable and acceptable within un-doubtable limits. If we doubt everything

or everyone then we cant be peaceful. Human being is a social animal who needs mutual exchange,

help and mutual trust to lead a happy life. So, I understood, Dont doubt, if something doesnt lead

to any development. Otherwise, it spoils the peace of mind and relations.

Now, I dont doubt when I will encounter the next DOUBT.!!!!

By

Lalitha Sahukaru

MBA-8th Batch


27/45

Reflections

DEATH OF A DREAM??

"I have a Dream". But my dream is

nothing like the dream Martin

Luther King Jr. had.

My dream is to become wealthy so

that whenever I would see a kid

begging on a road or gathering

scraps on a street, I could go to him

and ask, Would you like to go to

school instead of doing this task to

feed yourself? I have had this

dream for years. Whenever I saw a

kid, on a street or on a road, my willto realize my dream grew stronger.

I had the fire to do so. I knew that there would many obstacles and would require many sacrifices. I

was ready to set a fire the shell of comfort zone. But, but the emotions which I was riding on to

realize my dreams became the biggest obstacle on my way. I did not want to sacrifice the time, I

used to spend with my family, to turn my dream into reality. I became selfish and forgot the kids on

the streets. Those feelings always prevented me from attempting to realize my dream.

With the passage of time I am at a place where my future is secured. I am away from my family. I

can not be with them whenever I want. I am fully comfortable here and do a lot of things for

entertainment. Now, when I see a kid off the road, on the garbage, working to fend for himself, I donot feel the same way I used to. My fire has subsided.

Lately, I have come to realize that I am not moving towards fulfilling my dream and yet making the

sacrifices I never wanted to in the first place. I have got everything I never wanted and, more

importantly, lost my goal in my life- my dream and the fire to turn my dream into a reality. Now, I

do not feel like going to the kids and ask them that very question. I do not have enough courage to

look into their eyes.

Is it the death of a dream? No. This is not the death of a dream because I do not believe in giving up

on something. That is my way of life. It does not matter whether you learn the things or not, what

matters is the time when you learn it. I have learnt it and hope that the time is still there to catch upwith my dreams. I just need the fuel of sacrifice to re-ignite my dormant will to power the fire inside

to keep the dream alive.

By:

Ravindra Karana

MBA-8th Batch


28/45

Project Review

Turnaround Strategy for Low Performing Distribution Companies (Case of MSEDCL)

Objective: The primary objective of the project is to develop strategies for economic turn around of

low performing distribution utilities (Case of MSEDCL).

Approach / Methodology: The analytical tool used to analyze the performance of each zone of the

MSEDCL is Data Envelopment analysis (DEA) based on various important parameters. Data

Envelopment Analysis software is used to analyze and evaluate the relative efficiencies of all the 11

zones of the MSEDCL. The input factors and output factors selected in this study for performance

ranking are such as to gauge the technical, commercial and financial performance of the elevenzones of the MSEDCL.

Findings: Six out of 11 zones are working below 85% efficiency, amongst which Nashik (70%) is

the poorest one. Nagpur (Urban) and Bhandup are the top performers with efficiency rating more

than 97%.

Rationale / Implications: The turnaround strategy for MSEDCL is based on Benchmarking of the

most efficient zone and setting targets for the least efficient zones to qualify as the efficient zone.Successful implementation of DEA for performance evaluation and improvement would require

active and direct involvement of all stake holders in every decision making process leading up to

final implementation.

Originality / Value: The same tool can also be used to track and rank the progress of various

projects of MSEDCL which are started at different points of time with different durations and

resource allocations. At the same time, same method with suitable customization could be used to

design strategies for economic turn around of other distribution utilities as well.

Author: Amol Dahat, MBA (Power), 2008-10, NPTI, Faridabad, India

E-mail:[email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]


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Project Review

Business Valuation of A Power Sector Utility (Case of CESC Ltd.)

Objective: The objective of this project is to conduct business valuation study of a power sector

utility in India and help the parties concerned in taking appropriate decisions for hassle free

transitions.

Approach / Methodology: This study adopts comparative approach towards business valuation of

CESC Limited using discounted cash flow (DCF) method, market to book value (MBV) method and

price earning ratio (PER) method. To find the value the company, balance sheet and profit and loss

statement data have been collected for 2000-09. Asset and Liability data for 2000-09 are collected

and consolidated. Forecast for sales have been done using linear regression and operating profit

(PBDIT) is obtained by using weighted average profitability ration for 2000-09.

Findings: Though it is very difficult to arrive at the accurate value of a company, it is found that

valuation through DCF technique fetches a higher value for the company (Rs. 6659 Crore).

Rationale / Implications: Though each type of valuation methods employed has certain merits

and demerits, discounted cash flow (DCF) technique is the best method of evaluation since itmeasures the future earning potential of the company rather than the present or past asset figures

or performance.

Originality / Value: With the increase in participation of private players in the power sector and

the resultant growth in India, this study would help perform efficient valuation of power sector

utilities while negotiating for assets to change hands.

Author: Anupam Patra, MBA (Power), 2008-10, NPTI, Faridabad, India

E-mail:[email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]


30/45

Any Color you Like

LIFE AS AN INFOSCION

It has been more than a year since I discontinued with Infosys Technologies Limited. Even to this

day, each moment of the two very special years spent at the Infosys Development Centres (DCs)

flash before the minds eye, as fresh as a blooming lily.

From the day I left home for the first time, with a heart full of exuberance, aspirations and

apprehensions, to enter the Mysore DC as a trainee to the day I surrendered my identity card to the

security guard at the main entrance of Mahindra City (Chennai SEZ) DC I was grilled from 8 AM to

11 PM five days a week. As a trainee, I was smart enough to clear the Screening Test that shortlisted

candidates for the Short Cycle which effectively meant that I was supposed to complete the

designed training course in 6 weeks, for which most others were allowed to take 12 weeks. As a

System Engineer, I was lucky enough to get good projects even during the economic slowdown. I

worked as a Contractor first for Fish4 and later for Bank of America.

As long as I was there, I could never take the time to realize that each day would count so decisively

in forming the individual that I am today.

Today, after I have started playing the second innings of my formal student life, its much easier to

be objective in evaluating the time spent as a System Engineer. Here I recall a few values, ethics and

principles which were an Infoscions way of life.


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1. THE WORLD IS FLAT:

The genuinely world class auditorium at the multiplex that the Mysore DC is known for, was filled

with the humming sound caused by the nervous murmuring of close to 1500 fresh engineering

graduates. Right in front was the giant LCD screen that can help connect all the DCs worldwide,

simultaneously, through Video Conferencing (VC). Above the screen were 7 huge clocks thatcovered the 7 major time zones on earth. As we allowed ourselves to get awed, a pleasantly heavy

voice addressed us ......At Infosys, its a Flat World......

Arun Nair, HR Manager for trainees at Mysore DC, meant that the organization provides a level

playing field to all its employees, irrespective of their diverse backgrounds. To make this fact most

visible, the Infosys code of conduct mandates each employee to address every other employee by

his/her first name The First Name Culture in Infosys parlance. The move is to ease the

organizational hierarchies that can otherwise cripple communication among and thus effective

functioning of the various levels.

It had hardly been 24 hours since this session. Most of us were still trying to cope up with thecultural clash of having to address senior personnel by their first names and not as Sir or Mam;

when we received a communication from the DC HR team that Mr. N.R. Narayana Murthy (NRN)

would be addressing the trainees at the DC Amphitheatre. Needless to say that all of us went to hear

him speak the astounding fact was that there was pin-drop silence in the amphitheatre, where

more than 5000 trainees and around another 1000 professionals had gathered. Nobody was

instructed towards maintaining any specific disciplinary rule or code, but everyone stood up to

greet the founder and Chief Mentor; allowed the eager trainees to move on first; shifted seats to

make places for people who were still streaming in, even if it meant moving out of their comfort

zones and sitting beside individuals whom they had never known; and yes-nobody munched chips

or cookies. (I wish our elected representatives realized that they have a lot to learn from such

personalities!)

After he had spoken for 15 minutes as he had promised to do; Mr. Narayana Murthy called for an

open house question-answer session. The first question was sought from a lady; and without a

second thought I grabbed the chance. Heres a part of the conversation that followed:

ME: Good Afternoon, Sir...

NRN: Good Afternoon, Madam! How long have you been with Infosys?

ME: Sir, I joined yesterday.

NRN: Oh! Well....I see. Youll learn the ways of the organization soon. For the time being, let me tell

you: To all Infoscions, I am Murthy that should remind you of something you heard last

afternoon , during the induction programme.

I got the message. I should not have addressed him as Sir.

What left me stunned was the fact that the person holding one of the highest chairs of the

organization is meticulous enough to keep in mind the minute details of the training and the


32/45

induction programme; and theres no way to realize that from the simplicity and humility of his

being.

Thats the way at Infosys. For all practical purposes, hierarchies are eased to the maximum possible

extent; yet, all mistakes are pointed out sharply and publicly, taking special care not to embarrass

any individual.

2. THE GLOBAL DELIVERY MODEL

Infosys is known in the industry for pioneering the Global Delivery Model (GDM). This ensures the

distribution of both business and application process life-cycle activities and resources, ensuring

their proper integration at the same time.

The sole idea is to provide a complete operational backup for every DC. Every Project account is

simultaneously maintained at two DCs, so that, if, by any chance one DC faces an operational

shutdown, the other DC can take up the work in its entirety. The model is also known as the 70-30

model, because 70% of the work is taken care of at the offshore DCs across India and 30% is

handled at onsite.

This is facilitated through the robust process-orientation which allows the delivery of work

solutions from multiple work locations. Software Developers at each DC can take up an unfinished

work of any other DC, just by following the processes, clearly outlined using the ETVX (Entry-Task-

Verification-Exit) paradigm. As an additional aid, the detailed descriptions of all such processes are

stored in the central Knowledge Base the K-shop (Knowledge Shop).

To ensure that the GDM can be implemented with less than minimal glitches as and when required,

we the employees, were required to take up tests that evaluated our basic knowledge and

understanding of one or the other process, at regular intervals. This evaluation formed a part of the

formal appraisal process.

GDM ensures that the client is not affected adversely in any situation and that the value for money

is always provided.

3. C-LIFE

C-LIFE summarizes the Infosys Value System.

C: Customer Focus

L: Leadership by Example

I: Integrity & Transparency

F: Fairness

E: Excellence in Execution


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As an organization, Infosys works towards fostering excellence in relations with investors,

employees and all stakeholders including the society.

Its certainly more than just difficult to sustain such a value system in an organization of 100000+

employees. Each individual is a separate entity while entering the organization - with a uniquely

recognizable value system acquired over a period of close to 20+ years. Inducing a new set of valuesand ethics, at such a stage, where the organizational value system might even clash with the

individual value system, is a challenge to which a formal Code of Conduct might not always be

the right answer.

The trick that makes this work is giving each employee a feeling that the organization is his/her

own.

Customer Focus is ensured by allowing every individual with adequate visibility to the client.

Individuals working on a certain project for a certain client get the feeling of their work being

important to the organization and the client thus motivating them to perform their level best.

Also, individual client ratings were an important consideration during the Infosys appraisalprocess.

In the presence of individuals like Mr. N.R. Narayana Murthy (Murthy), Mr. Nandan Nilekani

(Nandan), Mr. S. Gopalakrishnan (Kris) and Mr. Mohandas Pai (Mohan); Leadership by Example was

a default phenomenon. Mr. Nilekani is not with Infosys anymore, but the confidence of the Indian

Prime Minister and a greater part of the Indian populace in the success of the mission he has now

undertaken, speaks volumes about his leadership. This culture percolates down to the lowest level.

No senior expects a junior to take up any responsibility without demonstrating it himself/herself.

Punctuality is honoured by everyone; but sought explicitly only by individuals who practice it.

During my tenure, I never met an individual who preached without practising.

Individual Integrity is one of the key factors in the success and growth of a 100000+ employees

organization. Here again the policies of Practicing before preaching and giving due importance to

individual contribution work wonders.

Fairness is not just a norm at Infosys, its a way of Life.

The robust and clearly appraisal mechanism makes it easy to evaluate the work and/or the work

product as the case may be, without evaluating the individual. This ensures that personal bias does

not paralyse the appraisal process. Giving every individual his/her due is important to get his/her

best efforts at work this fact is recognized and honoured at Infosys.

For an Infoscion at work, Sky is the Limit. Excellence in Execution is quantified by ensuring that the

best practices are followed at every minute stage of the process that leads to the making of the final

work product. At Infosys, every contributor dares to aim for perfection, practically, settling for

excellence. The deliverable thus produced, is of a superior quality.

4. THE INVERTED M:


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Special Care is taken to ensure that Team Spirit is maintained at all levels. For almost all practical

purposes, an Infoscions motto is: Not Me, but WE. The Inverted M stands for W that makes ME,

WE.

Apart from organizing team building activities at regular intervals at both the micro and the macro

levels, initiatives are taken up to make the team members comfortable. Here are a few suchinitiatives that are taken up throughout the organization:

MENTORSHIP ASSISTANCE: Whenever a fresher enters a project team, the usual response is

awe of everything being larger than life. Effectively, an individual is reduced to just a number

the employee number. To make sure that this doesnt frustrate the individual and/or adversely

affect his psycho-somatic ability to put in best efforts at work, every fresh graduate is assigned a

mentor who is usually a senior member of the project team, for a certain period that differs for

different individuals. The idea is to help the new comer to get acquainted with the ways of the

organization; to make him/her aware of the expectations that the team would keep from him based

on his skill set and performance during the training and making clear the channels of individual

growth.

KNOWLEDGE TRANSFER (KT) SESSIONS: KT Sessions are important for a number of

reasons:

No Resource can be allowed to become Inevitable. In case of an absence, the team or the

client should not suffer the pangs of incomplete work.

As an individual continues to work for a certain client, on a certain project, he/she does get

a hold on both the technical and the business aspects of the project. But, at the same time the

individual also gains seniority and is continuously monitored and appraised. A time would come

when the same project will not be able to offer any new opportunities or challenge to the person. Insuch a situation, he/she would have to be shifted elsewhere, so that his/her personal growth is not

hampered.

During appraisals, the number and quality of KT Sessions taken up by an individual, is considered. A

person giving KTs has higher rating than a person who just attends KTs. This move acts as a catalyst

to effective Knowledge Sharing at the organizational level and also helps build strong and well-

bonded teams.

Moving forward with the course of study, which will possibly lead me to a different organization, I

wonder about the work culture of the new place. For reasons well discernable from the style of

scribbling of this piece, I have chosen to retain and nurture the values that Infosys helped meinculcate. Hope itll fit well wherever I go.

Till Then....Good Hope!

By: Prapti Dutta

MBA-9th Batch


35/45

Any Color You Like

Lateral Thinking

Question and the Answer given by Candidates, oh sorry they are IAS

(Indian Administrative Services - THE most difficult examination in

India. Candidates are graduate Officers now.

Q.How can you drop a raw egg onto a concrete floor without cracking it?

A. Concrete floors are very hard to crack! (UPSC Topper)

Q.If it took eight men ten hours to build a wall, how long would it

take four men to build it?

A. No time at all it is already built. (UPSC 23 rd Rank Opted for IFS)

Q.If you had three apples and four oranges in one hand and four

apples and three oranges in the other hand, what would you have?

A. Very large hands.(Good one) (UPSC 11 Rank Opted for IPS)

Q. How can you lift an elephant with one hand?

A. It is not a problem, since you will never find an elephant with

one hand. (UPSC Rank 14 Opted for IES)

Q. How can a man go eight days without sleep?

A. No Probs, He sleeps at night. (UPSC IAS Rank 98)

Q. If you throw a red stone into the blue sea what it will become?

A. It will Wet or Sink as simple as that. (UPSC IAS Rank 2)

Q. What looks like half apple?

A : The other half. (UPSC - IAS Topper )

Q. What can you never eat for breakfast?

A : Dinner.

Q. What happened when wheel was invented?

A : It caused a revolution.


36/45

Q. Bay of Bengal is in which state?

A : Liquid (UPSC 33 R ank )

Interviewer said "I shall either ask you ten easy questions or one

really difficult question.

Think well before you make up your mind!" The boy thought for a

while and said,

"my choice is one really difficult question."

"Well, good luck to you, you have made your own choice! Now tell me this.

"What comes first, Day or Night?"

The boy was jolted in! to reality as his admission depends on the

correctness of his answer, but he thought for a while and said, "It's the

DAY sir!"

"How" the interviewer asked,

"Sorry sir, you promised me that you will not ask me a SECOND

difficult question!"

He was selected for IIM!

By: Sunil Sharma

MBA-8th Batch


37/45

Power Article

Renewable Energy Certificates

The National Action Plan on Climate Change (NAPCC) has recommended the minimum share of

renewable in the national grid to be set 5% by 2009-10 which could be subsequently increased by

1% during next 10 years, becoming 15% at the end of 2020. The NAPCC has also recognised the

limitations of the present RPS framework in meeting the ambitious targets envisaged under the

NAPCC. Under the current regulatory framework, there is little scope for raising the state RPS level

in absence of an alternative facilitating mechanism. Therefore, the NAPCC strongly emphasised the

need for introducing a market based instrument like Renewable Energy Certificates (RECs) for

holistic development of renewable in the country.

The Ministry of New and renewable Energy (MNRE) along with the Central Electricity Regulatory

Commission (CERC) and Forum of regulators (FOR) has evolved a new RE regulatory framework

for the country in which RECs will be recognised as a valid instrument for meeting the state level

RPS obligation. The proposed REC operational framework for India has been devised after studyingthe global best practices and customised to comply with the existing legal and regulatory

framework in India. The salient features of the proposed REC framework are summarised below:


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In the REC mechanism, grid-connected MNRE approved RE technology projects above 250kW

capacity are considered as eligible to participate in the REC mechanism. Further, the existing RE

projects which have entered into PPA with distribution licensee or others at preferential tariff shall

not, in case of pre-mature termination of the agreement, be eligible for participating in the REC

mechanism for a period of three years from the date of termination of such agreement or till the

scheduled date of expiry of power purchase agreement whichever is earlier (Terms and conditionfor recognition and issuance of Renewable Energy Certificates (First Amendment) regulations,

2010). The obligated entities under the REC mechanism are distribution licensee, open access

customers and captive users but can vary from state to state based on the order of the respective

SERCs. The shell life of the RECs is one year and REC s will be issued only in electronic form to

avoid hassles of paper work. The RECs are proposed to be denominated in energy (MWh) terms in

order to be consistent with the RPS, which is expressed as a percentage of energy consumption.

REC mechanism is not an incentive scheme. Rather it will enable sale and purchase of renewable

components across the state boundaries. Though the REC represents an environment attribute, it

will not be related to carbon credits. These two mechanisms will operate independent of each

other.

Renewable energy generation in REC mechanism will have two components, electricity component

and environment component. The electricity component can be considered to electricity generated

from conventional sources, which will be priced at or less than the average power procurement

cost of the host distribution licensee (previous years weighted average pooled cost of power

purchase from conventional power sources). Explanation: RE developer will sign a PPA with the

host distribution licensee at or below average power procurement cost or will sign a PPA with open

access customer or other distribution licensee at any cost. The renewable energy component of

electricity generated from RE based projects is valued separately in the form of REC price. The price

of REC will be as discovered in the power exchange, subject to forbearance price and floor price asdetermined by CERC.

There are two categories of certificates, solar certificates issued to eligible entities for generation of

electricity based on solar as a renewable energy source, and non solar certificates issued to eligible

entities for generation of electricity based on renewable sources other than solar. The solar

certificates shall be sold to the obligated entities to enable them to meet their renewable purchase

obligation for solar while the sale of non-solar certificates will enable them to meet their obligation

for purchase from RE sources other than solar.

National load dispatch centre is designated as nodal agency for issuance of REC to developers. State

load dispatch centre will be responsible for keeping accounts of renewable energy fed into the grid,accounting of the renewable energy procured by the obligated entities, issuance of RE power

generation certificate to REC registry, accounting of total energy procurement by all obligated

entities. Issued RECs can only be sold or purchased on REC Exchange Platform (Power Exchanges:

PXIL, IEX) only and RECs are one time tradable only.

The operational framework essentially consists of five major players: RE generator, SLDC, NLDC,

Power Exchanges and SERCs, who have to perform the following activities:


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Energy accounting of RE generator

Issuance of RECs to RE generator

Procurement and surrender of RECs by obligated entity

Notification to the respective SERC about fulfilment of RPO of obligated entity.

By: Simranjeet Singh

MBA-8th Batch


40/45

Abhivyakti

"

"

,

!

,

, !

- ,

!

,

. !

,

!

,

!

,

!

,

!

(2009-11)


41/45

Abhivyakti

,

|

,

|

,

|

,

|

By: Sachin Kumar

MBA-9th Batch


42/45

Nostalgic Moments

FRIEND..BYGONE

It is nothing but The Inevitable. Ithappens to everybody every living being on the earth. Till date,

theres no cure to it and as they say, What cant be cured, must be Endured. Yes, thats true.

Nobody on the earth can help endure it.

Call it a phenomenon; a change or whatever. Its a part of life. Not that it has only pain associated

with it; after all Whatever happens, happens for the Best. A lot many new, formerly unfound joys

come with it. But, Pain is, almost always, a part of it, though it varies in proportion for different

individuals. I had to accept these facts after quite some contemplation; much of it being painful. But,

as I said earlier, like everyone else, I had no choice.

She was going away forever from my life. I knew she would not come back; in fact she could not.

This is Life The Old order changes yielding place to the New. She tried her best not to make the

parting painful to me. She gave me the maximum permitted time and though, I would have been

more than just happy to exceed the limit, I had no alternative. She had to leave me and I had to

accept her substitute.

All through those days, rather those years, she tried to convince me about her substitute. The new

one, she said, would be more energetic and, without doubts, more promising. Though I could not

comprehend the reason behind her serene, peaceful, smiling countenance, I loved believing her. It

eased my pain.

Just to make me comfortable, she talked for hours at a stretch. She spoke of the wonderful

opportunities that the new one would bring for me- so said she!! At times, I did feel that she was

lying- that I could be anything but happy without her. But she was never doubtful. She was

confident that I would be happy!!

Slowly, she started moving farther. Slowly and steadily, our conversations, rather her monologues

on the forthcoming happiness in my life, got shortened. I still remember, during the last few days,

she used to say, Youll be fine without me. Lifes going to be a lot more colorful for you. I didnt

know how she said that but her calmness held me from questioning.

It has been years since she left. Today, I realize what she said was true. I have seen new joys and

new colors in life. Her substitute is promising and energetic; just as she had said. I am happy with

my new companion; but I miss her. I miss the mirth which she gave me- the leisure, the simple

giggles, the most sincere tears and the deep faith. I miss them all. Still, I am happy!!

Life goes on. I cherish, in memory, the time spent with her. She is gone but not lost- my best friend,

my childhood.

By: Prapti Dutta

MBA-9th Batch


43/45

Reviews

Movie Reviews

AISHA

Amit trivedi to me is the find of the decade along with Shreya Ghoshal, when it comes to Indianmusic. After Aamir, DevD, and other successful stints he is rising steadily. He meets the expectations

in the chic flick Aisha. The new kind of urban sound with trademark Trivedi touch is just

indispensible for the movie. Album starts off with the title track Aisha which is peppy and youthful

to be short. Its kind of similar to sound tracks of Pyaar Impossible but Trivedis done the magic

with instrumentation. I specially liked the use of trumpet in the song. Next comes Gal mithi mithi

bol which has chartbuster written all over. Party song of the year, specially in north India. Tochi

Raina is emerging and is now noticed. Theres also a dhol mix to this song which is okay okay. Now,

the real gem is Sham. Its about a group of friends chilling out in campfire. Least orchestration never

makes it look lacking anywhere. Amits raw vocals just add innocence to the entire setting and

transport you to the different world altogether. Behke behke is yet another corroboration of the factthat he can experiment with all the genres. Its a jazzy, latin-type, fast paced number with great

variations. Anushka Manchanda does it exemplarily well in handling the song and its celebration

mood. Anusha Mani is someone to look out for in Lehrein. She has got that western feel to her

singing which is very fresh. Its a doleful number and moves with a ste ady pace but the melody is

the USP. By the way is full of energy and girly attitude and the deft distortion adds to the campus

touch to it. Overall, one of the finest music album of the year. So, go and explode it in your drives

and college fests.

RIVER GOD

A true story with a hint of fiction about the rise and fall of the Egyptian empire. Taita is the slave

and story teller of this catchy plot. He also happens to be one of the characters in the book. He is

someone very close to the princess Lostris. She happens to be the daughter of lord Intef. Taita

worships the princess like a goddess and she reciprocates it with her love. Taita is in fact blessed

with some godly power like forevision, alchemistry and also the knowledge of transporting to the

other world. He is also a scientist and architect.

Lotris falls in love with Tanus who is a soldier. Lotris and Tanus face the rise and fall of the great

Egyptian empire. They also suffer the mighty Hyskos, are compelled to leave their homeland. But

their redemption to regain the lost home is captivating. Lotris gets married to the Pharaoh of Egyptbut it doesnt end her love for Tanus. Their love gives them the strength to fight for their country

and to redeem their lost pride. In all a great read. Wilbur Smith has written it in a very lucid fashion.

A must read for mystery and history buffs.


44/45

ONE FLEW OVER CUCKOOS NEST

If you claim to be a movie stud, boast of IMDB top charts collection and havent seen One flew over

cuckoos nest then better make an introspection. The Jacj Nicholson is a classic in all senses. The

movie is actually based on novel by the same name. I am not going compare the both goes its gonna

take us waywards. The movies dramatic impact never seems to end at all. It can be proved by thefact that Milos Forman went on to win the Oscar for the same movie! The movie is a catchy satire

and take on mental institutions and human spirit. Jack Nicholson playing Randle Pattrick is a

frequent jail goer and a con who fakes mental illness to enter lunatic asylum where he expects to

serve his term in relative comfort. But the warden of asylum happens to be a tyrannical character

played by Louis Fletcher. Now the power games involved between the two are the things to be

watched out as Jack leads acts to lead the way for the patients. As the film evolves the conflict

between the staff and the staff goes so intense that it leaves Jack in a vegetable-like state. On the

crust the movie looks like a comedie, but when analysed it seems farfetched something short of

Orwell. Its all very symbolic where the prime target is Soviet Union and the desire to escape from it.

The character portrayals is immaculate and even the acting performances flawless. Its a good

thoughtful viewing though a bit irrelevant to current times.

BODY OF LIES

Caprio starrer Body of lies is a spy thriller in the backdrop of Iraq war. Its about the moral

ambiguity, double crosses, car chases and even love. Directed by Ridley Scott I particularly like the

ingenuity of the portrayal of the disturbed country. All you should know about the story going in is

that DiCaprio plays Roger Ferris, a CIA field agent in an important position in the middle east

division, just below the leader of the division Ed Hoffman (played by Russell Crowe), a snarky,

racist, and mostly unlikeable man who leads the missions remotely through his laptop and

cellphone. Ferris uncovers a lead on a major terrorist leader potentially operating out of Jordan,

and chooses to act on it, involving Jordanian intelligence leader Hani Salam, played brilliantly by

Mark Strong. His performance is just the right side of slightly hammy, and works wonderfully well.

There are twists and turns and it's a lot of fun. In the end caprio comes out unscathed and mission

accomplished. Climax is definetily a cliff hanger. The learnings from the film are the political setting

of the Middle East and the sense and sensibilities of the people there in power. Its not among the

best movies of the genre but excellent performance by Leonardo makes it watchable. One minor

complaint is the pacing of the film. There are a few stops and starts as Farris deals with the reality

of the effectiveness of his enemies. As he adjusts his plans it feels as if the story starts back from the

top. Even after some powerful supporting performances, Scott offers no real reason to care about

this parallel-universe version of our war on terror. Even with constant references to Guantanamo

and the Green Zone, it feels as outdated as if it were set during the Cold War.

DEV- D

I am in such an awe of Amit Trivedi that just cant help writing anything apart from his work these

days. After a brilliant debut with the soundtrack for the movie Aamir, DevD established him as the


45/45

most talented music director of the country. He has already won half a dozen awards for DevD

including for the best background score. The credit that DevD is hailed as a musical goes aptly to

Amit. The largest album of modern years consists of 18 tracks and remember no remixes ! Starting

off with a dark, techno sounds of Ankh Micholi sung by Trivedi itself the album is truly impossible

to predict. Featuring an eclecting mix of rock, jazz, bhangra, rajasthani folk, ballad, sufi the album is

consistently outstanding. Lot of credit goes to singing department as well. Shilpa Rao, Lubh Janua,Tochi Raina, Joi Barua and team have done a commendable job. The best part is that the songs

which were not the very popular are the ones which need to be looked into. Right from Chanda

theme to Hulchul there are lot of surprises. And what a tremendous innovation is the brass version

Emosional Attyachar. Orchestration is very non conventional to outlandish throughout the album.

Deft use of sitar, mandolin and distortions create super gratifying effect. Kudos! to the music

director and film director for coming up with one of the best soundtracks ever.

By: Gaurang Chandel

MBA-9th Batch

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Parikalp Vol2

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