Mr. Akhilesh Awasthi Director (Operations), India Energy Exchange On the operations and functioning of Power Exchanges in India @IITK

A guest lecture was delivered by Mr. Akhilesh Awasthi, Director (Operations), India Energy Exchange. He
spoke on the Operations and Functioning of Power Exchanges in India. Mr. Akhilesh Awasthi is an electrical
engineer; he worked in the power sector for around 10 years. The guest lecture started with an overview of
“India Energy Exchange” which is India’s first-ever Power Exchange. It serves as an optional, electronic,
nationwide platform for trading in electricity.
Mr. Awasthi covered various topics related to Power Exchange portfolio bids, Block Bid rejection &
re-inclusion process, national load dispatch center and power exchange interaction, how companies buy
and sell power on exchange, congestion management, market splitting, UI-unscheduled interchange, NS-REC Trade at IEX. Besides he discussed that entire country is divided into 12 zones for facilitating power exchange which are N1,N2,N3 in north zone W1,W2, W3 for south zone E1,E2 for east zone ,S1,S2 for south zone and NE1, NE2 for north east zone. He also told the need of power exchange and an Exchange is essential to a market-driven economy where prices are decided by the forces of demand and supply. These forces are contradictory: e.g. the seller wants high prices while the buyer wants low prices. These conflicting forces determine the correct price of a commodity at a given time in a market-driven economy
To sum up the guest lecture was a highly valuable session for all the listeners as the topic was resourceful and interesting with lots of technical contents related to power sector and how the demand in one corner of country get fulfilled with source lying at the other corner. Power exchange keep immense importance for a power starved country like India which needs to match up its power requirement with growing GDP.

Manoj Jhawar
Events and Seminars, PR & Media
MBA 2012-14, IIT Kanpur

Comments

Consilium'08: The Consulting Conclave

MBA batch under the aegis of Department of IME is going to organize the annual consulting conclave of IIT Kanpur, Consilium’08. The objective of this event is to create a platform where confluence of leading professionals from consultancy and vast student community can take place. As consultancy has become one of the most preferred career choice for IITians , Consilium'08 will provide them the opportunity to learn about the nunaces of consultancy in various domains. From a humble start, it has been envisaged that Consilium will become the platform in coming years where representatives from across the spectrum of consultancy will share their knowledge, experience and insight with students. The event has generated enthusiasm among all sections of IITK students and students from other major B-Schools who are also expected to participate. Case solving competition is one of the attraction of Consilium '08 in which winners shall get certificates and attractive cash prizes. Apart...

Reflexions'19 - A Reflection on "Tackling challenges of the VUCA World" !!

The Department of Industrial Management and Engineering, IIT Kanpur presented the flagship event of Prabandhan – Reflexions on Sept 28th, 2019. The 3rd edition of the event on ‘Tackling challenges of the VUCA world' was concluded with a promising and on a cheerful note. With thunderous applause and riveting questions, the event opened to bridge the corporate world with the real world. Reflexions 3.0 saw the participation of 6 eminent industry leaders and management gurus to share their experiences from their respective trades. They were Karan Marwah, Partner – CFO, Advisory Services, KPMG, Harshavardhan Chauhan, Head-Marketing & digital transformation, DLF Shopping Mall, Neelesh Talathi, CFO, Pepperfry, Hari T N, CHRO, Big Basket, Raj Gupta, General Manager, HR, TCS and our very own Professor, Devlina Chatterjee, Managerial Economics, Applied Econometrics. The talk focused on "How well, can the industries predict the results of their actions in a world of Volatility, Unc...

5 Lessons from MBA IIT Kanpur

1. Learning is not confined only to classrooms As the first semester is over, I realize that apart from classroom subject matter, there are a lot more things that I have learnt here. Learning takes place in almost every aspect of one's life at MBA IIT K. The induction activities that our seniors conducted before the official start of the semester was a great way to interact with the batch-mates. The group projects and the assignments that followed after the semester began, taught us the art of working productively in teams, time management, importance of feedback and learning while mingling with the people from diverse backgrounds. Every week, we had eminent speakers from various top positions in the corporate world, sharing topics that they were passionate about which helped us to constantly expand our knowledge base into new areas. 2. Be prepared to leave behind your comfort zone In the class yo...

IIT Kanpur MBA Blog

Search This Blog