May, 2010

India’s asset is
      our pride
 Anmol Singh Jaggi awarded India’s hottest young
  Entrepreneur by Business...
May, 2010

UPES - The Incubation Centre
                           Anmol Singh Jaggi from the             this level and now the ende...
regulations are going to affect one’s business and what are the           offered a package of Rs 6 - 7 lakh from British ...
explosive         growth                                                                                     have got the ...
“Economic Recovery and the Way Ahead”
                                                       - Industry Academia view poin...
to 8 – 9% growth trend which       The Technical Sessions
                            was witnessed four years
by garnering 65% of the total funds raised through          The second speaker for this session was Mr. D.P Singh,.
characterized infrastructure                                     power generation projects could not be completed. He
Innovation can be very basic
     yet it needs a lot of research
                            Vehicle designed by students ...
Espacio-Dias 2010: A journey through Time and Space
Espacio’Dias, Spanish for Aerospace Day, was organized           wisdo...
Financing Power Projects in
India – A Paradigm Shift
                                                              the Gov...
payment guarantee set-up; tariff not being rationalized,       days it was only development financial institutions like
or bridge the gap. These are generally funded by the         Citigroup, Macquire, IL&FS have specialized funds
pension fun...
Five Year Plan      Years           Capacity Addition (MWs)          Lakh crores and of which about Rs 4 Lakh crores are
Participating teams of Energy Cup 2010

Energy Cup 2010
                                         - Synergy in sports
CMD, GAIL India Ltd. honours
UPES. Endows Mahatma Gandhi’s statue
Mr. B. C. Tripathi,                                     ...
They       work hard and party harder
 Annual “Picnic 2010” of UPES was organized at Kata Pathar,     newspaper trick was ...
Dainik Bhaskar “B-School Leadership Awards”
                        UPES WINS
               two prestigious awards
  • Be...
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
House Journal of University of Petroleum & Energy Studies
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House Journal of University of Petroleum & Energy Studies


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Read inside activities of University of Petroleum and Energy Studies. This journal states the growth that UPES made as a global university, research and innovative project development activities of UPES students, achievement and awards of university as well as visits of industries head to UPES campus.

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House Journal of University of Petroleum & Energy Studies

  1. 1. May, 2010 India’s asset is our pride Anmol Singh Jaggi awarded India’s hottest young Entrepreneur by Business World (March 2010)
  2. 2. May, 2010 2009 ber, Decem UPES - The Incubation Centre .............................. 1-3 "Economic Recovery and the way ahead" - Industry Academia view point ........................... 4-7 CMD, HPCL hails UPES progress........................... 7 Auto Expo 2010 .................................................... 8 Espacio-Dias 2010: A journey through time and space ........................ 9 Financing Power Projects in India - A Paradigm shift ............................................. 10-13 Students of B.Tech (ADE) exposed to Robotics..... 13 Energy Cup 2010 ................................................. 14 Intramural Volley Ball Tournament ....................... 14 CMD, GAIL India Ltd. honours UPES - Endows Mahatma Gandhi's statue ..................... 15 in this issue They work hard and party harder .......................... 16 Project 'Abhilasha 2010'......................................... 16 Economic Recovery and the way ahead Dainik Bhaskar B-School Leadership Awards ....... 17 - Industry Academia view point State Energy Conservation Award 2009 .............. 17 Innovation can be very basic Regulatory Surveillance: A must for airtworthiness ................................. 18-19 yet it needs a lot of research - Vehicle designed by students, 'Energy 2010' - Innovation, universities.... 19 appreciated in Auto Expo 2010 The Special Convocation for PTTEP, Thailand ........ 20 UPES launches lateral entry B.Sc. Aviation Program ....................................... 21 UPES hosts PetroTech Chapters' Meet .................. 21 Financing Power Projects in India Paper presented..................................................... 22 - A Paradigm shift VC addresses MIMA convention at Doha, Qatar... 23 AIU membership approved ................................... 23 ISPe News............................................................. 24 Regulatory Surveillance: A must for airworthiness UPES bags Dainik Bhaskar Best B-School Leadership Awards
  3. 3. UPES - The Incubation Centre Anmol Singh Jaggi from the this level and now the endeavour is to maintain the same spirit 1 st B.Tech batch of in the future. I have always envisaged a great future for me Petroleum Engineering and my company and this award seems like we’ve come a step (2007) has been awarded as closer to our aim. The primary goal of GCPL is to provide paramount services in the field of carbon advisory & strategic India’s Hottest Young consultancy and be the best in this sector, and it would be a Entrepreneur by the great feeling to receive appreciation for a job well done in form Business World magazine of such awards. (issue March 29, 2010). Jaggi had his eyes set to be an Q. Our readers would like to know about your Entrepreneur at an age of business venture “Gensol”. What do you deal in? 21. He did not vigorously pursue any recruiter but still Gensol Consultants Pvt. Ltd. is today one of the most aggressive was selected by British Gas which he later left to be on and energetic carbon consultancy’s in India with proficiency his own. in generation, registration and trading of Certified as well as Verified Emission Reductions (CERs and VERs), better known The mentors at UPES spotted the spark in him early. as carbon credits. GCPL has been providing services to over 350 He was declared as the 1st Young Entrepreneur at the clients in 4 different verticals under four companies. We offer Convocation held in Dec 2007. The declaration of our Carbon Advisory Services under the brand Gensol and Strategic Advisory Services under Green Karma. And the other Jaggi as the Young Entrepreneur makes his alma-meter two companies overlook the Asset Management and the Solar feel as an incubation centre for many more Jaggis in EPC segments. Our major revenue comes from trading of times to come. carbon credits which is followed by a unique business model where in we sign an exclusive 11 year contract with our clients Today Jaggi is the Director of Gensol Consultants giving us a certainty of large revenue forecast. Pvt. Ltd. a firm which he floated as a consultancy for carbon credits. In less than three years the firm has taken Our brand ‘Green Karma’ offering strategic consultancy a steep rise to become a symbol of courage and self was formed about six months ago which has contributed 15% confidence in one’s own abilities. to the total revenue. Green Karma helps our clients to analyze the emerging regulation of carbon credits. For example, a client True to one of its missions “To create top quality who has made an acquisition of coal mine in Australia. When human resource in order to enhance the productivity they went to Australia to acquire the coal mine, there was a carbon liability which was attached to the coal mine which in the Oil & Gas, Energy, Transportation industry”, UPES was falling under Australia which has signed the Kyoto can truly be termed as the incubation centre for the Protocol. So we helped them assess the carbon liability by young sparkling talent. implementing the carbon management program thereby reducing the carbon liability of that acquisition. This is how In a candid interview with your editor, Anmol S Jaggi we are adding value to our clients. was forthcoming on his success story and that of the Gensol Consultants. The other part is for aviation and shipping industry which is now moving into Europe. Any flight landing into Europe or Q. Many many congratulations on being declared any ship docking at European dockyard has to be carbon India’s Hottest Young Entrepreneur. How do you compliant. We are helping these airlines and the shipping handle the adulations? companies to adhere to the upcoming regulations. We are also helping large procurement companies of Indian vendors who A lot of effort has gone into it. We were always confident have been supplying materials to big companies like WalMart, that we were doing the right thing at the right time. However, Tesco and British Telecom. Now these companies asked the to receive such a prestigious honour is altogether a new high vendors to turn carbon compliance. We are advising lots of for me. We have always been appreciated by our clients and Indian vendors to adhere to the standards laid by these big recognized at various industry forums, but to get this kind of companies in the context of carbon compliance. recognition at pan India level was highly encouraging and an uplifting experience for me any my team. Two key factors have Q. What are other areas of business of Gensol a major contribution towards this accomplishment - sheer Consultants? hard work and the undying spirit. At Gensol Consultants Pvt. Ltd. (GCPL) we have a team of over 60 young and dynamic Essentially the strategic consulting group - Green Karma- professionals who have worked equally hard to help us reach looks into emerging regulations of these markets and how such Energy News I May ‘10 1
  4. 4. regulations are going to affect one’s business and what are the offered a package of Rs 6 - 7 lakh from British Gas which risk mitigation strategic plan that one has to put in. sounded a good deal at that point of time. Although after working for a brief period I started thinking about a business Carbon credit is no longer a charity item and it has now venture of my own. There was nothing extraordinary in the become a balance sheet item. So this balance sheet item is to way I started our very first business venture. I had a thought in be taken care of. mind which would have paid much more than what I was being offered for any other job. Moreover, it was exciting to think The third aspect of our business is a very unique and would about the experience I would gain after starting up something become a revolution in the financial market. Gensol Consultant of my own. I had the confidence that I will be able to make it is going to launch India’s first mutual fund wherein a retail through and the risk of failure never forced me to move investor can buy carbon credit. We feel that carbon is a backward, even so, I had prepared for the worst. My belief is commodity which is correlated to conventional economy. We that one should never be afraid of failures and this is the time have already received the clearance for this fund, and by May when we can explore our maximum potential, when the risk this year we would be able to launch in the market. Currently, is minimum. If we as a team would have failed and went back we are exploring the possibilities of getting the above tax to a B-School, no institute would mind taking us as a student exempted from Government. The carbon credit will hedge the who had the courage to stand up on his own feet, rather they portfolios. While economy will grow at 8%, the carbon credits would appreciate the effort. will fetch you 10%. From making a humble beginning within a small office The fourth vertical we in Panchkula three years operate in is the Solar EPC ago with just two people to company. We have been having a team of more than fortunate enough to catch 60 young and dynamic up with the Solar market professional spread across in an early stage of our three cities focusing on business. Moreover, we more than 350 clients and have applied for 100 Mw with over 11 million tonnes under the National Solar of emission reductions to Mission (NSM). But as the our credit , I foresee only an government is planning to uphill ride for Gensol from support only 1,000 Mw in where we stand today. the 1st phase so our allocation may not be Q. What are the future more than 20-25 Mw. We plans? Any plans of are now going ahead with venturing out of India? opening a new company called National Resource From a 360° Carbon Engineering Private Solutions provider we are Limited. NREPL will focus planning to scale up to on solar business and the Mr. Anmol Singh Jaggi recieving his degree from H.E. Sh. B.L. Joshi, the then being a 360° Green Solution company will become Governor, Uttarakhand provider, hence covering all operational in the first shades of green. We are in a major expansion mode and are quarter of this fiscal. . rapidly growing our client base and as mentioned earlier our team is all set to grow from 70 to 130 professionals in the next Q. How much has the company grown since few months. In terms of international market, we have plans inception? to start operations in the US. Few months ago we had sent 3-4 team members to study the US market trends and the analysis Gensol Consultants Pvt. Ltd. started with an initial of our research has been quite positive. Moreover, there are investment of Rs. 2 lakh and a team size of two. However after certain reputed companies based out of Singapore which are nearly three years of operation it has a turn over of Rs. 6 Cr and interested to do a joint venture with us. We might explore that a team size of more than 70 professionals. We have our offices option but the talks are at its early stage now. However, we in Panchkula, Ahmedabad and Mumbai and will soon open would be having our office in US by the end of next quarter of up our offices in Gurgaon and Bangalore. Further our team this fiscal. Our client says that the kind of management size is expected to increase to nearly 130 by the end of July and bandwidth and capital that we have, it is sufficient for India. to 200 by the end of this year. We also have plans to start our So, we would be planning the next round of fund raising operations in the US. perhaps in a year or half. Also, the average age of professionals Q. You started alone. Tell us about the journey. working with GCPL is 24 years, so we are quite young, our management bandwidth is quite low, so this is the map we I have a similar story to tell which almost every student in can go with. At Gensol our responsibilities are going faster than the university can relate to. We all are young; and most of us the rate with which we are growing. So with the limited have no major liabilities in life, so was the case with me. I was management bandwidth that we have and with the kind of 2 2 Energy News II May ‘10 Energy News May ‘10
  5. 5. explosive growth have got the domain happening in our expertise of the energy domestic market, we sector which is very would like to stick to the critical for the carbon Indian market and business. explore our options in US. Q. What message So as mentioned earlier our current aim is Anmol Jaggi will like to become the largest to pass on to the service providers in all current Anmol Jaggis our segments of at UPES? operations and we have enough growth in the I would like to say this to Indian Market in next 5 the current and the future years to achieve that level. batches of UPES, that the formal system of Q. What role UPES Mr. Anmol Singh Jaggi’s parents Brig. Parminder Singh Jaggi and Mrs. Jasminder incubating companies is has played in your Kaur the campus. When we started in 2007, there was success? nobody better than us in the carbon trade space in terms of UPES helped me at numerous junctures of my professional knowledge and even today no carbon advisory firm can claim journey. It was while I was at UPES when I was offered a to have the same set of skills and expertise our team brings to summer internship with Reliance Industries Ltd. where I the fore. Clients only pay you if you provide value addition. prepared the Natural Gas Marketing Plans for the states of Everybody wants to know how you can deliver value on the Madhya Pradesh and Orissa, the coal dominated states of the ground and what is your USP that would ultimately help country. While comparing the Natural Gas vis-a-vis coal, where maximise their profit. Natural Gas turned out be expensive for our clients, I was Hence the key lies in applying a lot of hard work and taking introduced to the Carbon Trade industry which was followed up a risk in life, if you have the knowledge to back you up, no by a small training program for the interns. This was the first body can stop you from making it big in life. time I was exposed to this concept. It was my teachers at UPES who helped me in bagging Q9. Did your family support your endeavours or various valuable projects during the initial days of our business were skeptical in the beginning? setup. My seniors there have always been encouraging and have been providing guidance and valuable insights when ever My family has always believed in good education and no needed. I remember inviting the President of UPES to our small one has ever ventured into entrepreneurship in the past. I office and his reply to my invitation was, I would visit your passed out as the first engineer of my family followed by my office when the systems and procedures are in place. It is not a brother who is pursuing his studies from IIT Roorkee. people driven company, its a system driven company. So I still look forward to his visit and always quote his reply to my team. Everyone had certain apprehensions in the beginning, but And, from day one, we wanted to make GCPL a system driven as I mentioned, we had analyzed the situations we might face company. right in the beginning, so we had no plans of stopping. We can say that it was a well planned step. We did face our share of challenges like insufficient funds during our journey, but no Q. Any memorable incident or anecdote you may challenge was big enough to stop us from achieving our dreams. like to share? And with a family like mine to support me and the confidence of my peers always encouraged me to move forward. There are many. We were the first batch of the University. The University had just opened up and there were some No one from my family has been in business before. I am amount of skepticism on how the University is going to fare. the first Engineer from the family. So going to engineering was Even though I was not convinced with an entirely new a risk by itself. My father was always convinced that becoming University I went ahead and trusted my parent’s who were an engineer was good. I have two elder cousin brothers, both impressed with the vision of two individuals Dr. Parag Diwan, of them are Chartered Accountants. I first became an engineer, Vice Chancellor and Mr. Sanjay Kaul, President along with Mr. and my brother has become an engineer now. Himmat Singh and Mr. U.K. Dikshit, Pro Vice Chancellor. I would like to say that I am grateful to these people for their Q. What are your plans for marriage? constant support and guidance. There is still a lot to achieve and I am working really hard I think, joining UPES will remain as the most towards that. However, marriage will follow shortly, may be in memorable incident of my life. Had I not been a part of a year or two. University of Petroleum and Energy Studies, I would not Energy News II May ‘10 Energy News May ‘10 3 3
  6. 6. “Economic Recovery and the Way Ahead” - Industry Academia view points Once again UPES demonstrated its willingness and ability to be a part of the solution finding process rather than being a mere observer. The one and half day event an ‘Econimic Summit’, received an overwhelming response from the academia and the industry. Some of the organizations represented were – Jawaharlal Nehru University, Reliance Industries Ltd., Emerson Process Management (India) Pvt. Ltd., Power Transmission Corporation of Uttarakhand, Airport Authority of India, GMR, Lanco Group, Container Corporation of India and Uttarakhand Gramin Bank. The Summit was branched into domain specific technical sessions – Oil & Gas, Power, Aviation, Logistics, Infrastructure and Port & Shipping. The summary of the key discussion and action points for each session are enumerated here. L The last seven years have ooking at the initial signs of economic recovery given a roller-coaster ride to i n the global economy. India, one pertinent question that pops up is The first five years saw the whether the recovery will be sustained over long world economy growing period? One doesn’t seem to be certain if the trend will continue even after the withdrawal of the stimulus near an average of 4.6 % per provided by the government. Naturally, each one of us annum. Even the high would hope that the new found economic strength crude oil prices seemed remains with us for long. With this backdrop ‘UPES threat-less to the sustained Economic Summit’ was organized on the theme Dr. Vikas Prakash growth. Continued global Head - Deptt. of Economics, “Economic Recovery and the Way Ahead” on 17 – 18th UPES & Programme Director prosperity was then Feb 2010, at Vivekanand Auditorium at the campus in followed by global recession. Dehradun. The crisis was the worst since the one witnessed in 1930s. Large scale fiscal and monetary stimuli were The Summit - Day 1 provided. Countries were looking for a renewed The Summit was declared open by the Chancellor Dr. S. J. Chopra with his confirmation on how various form of economic cooperation. And then signs of sectors of the economy had shown significant growth. recovery were sighted. US, Japan, Germany, France He also deliberated on how, in have recorded positive growth. China and India are the last one and half years, being looked upon to steer the world towards students at UPES got engaged economic prosperity. The G-20 summit has paved in formal debates on a way for recasting a new world order. This new countering recession. Then environment is certain to throw new challenges and Dr. Vikas Prakash, the Summit opportunities to the business world. Director, introduced the theme of the Summit to the Indeed, India has carved a niche for itself at the participants. He provided global canvass. In fact, the recent experience of instances of how corporate India’s own resilient economic management was sector in India had displayed one guiding factor of the report of the Warwick its economic might to rest of Dr. S.J. Chopra, Chancellor, the world during the global UPES Commission on International Financial Reform. economic recession. He also But, the billion dollar question is whether the emphasized on the need for the policy initiatives to advantage secured by India is substantial to provide ensure a sustained economic strength for the country. a sustained growth of 9 per cent for the next decade. It is crucial to use this advantage to strengthen the weak links such as lack of adequate investments in Keynote Address The keynote address was delivered by Energy, Aviation, Logistics & Supply Chain and Dr. B. B. Bhattacharya, Vice Chancellor, JNU. He began Urban infrastructure to support the desired high with clarification on the interpretation of economic rate of growth. recovery which according to him could be coming back 4 Energy News I May ‘10
  7. 7. to 8 – 9% growth trend which The Technical Sessions was witnessed four years before the recession started. The first technical session was dedicated to the Oil & Gas He demonstrated how India Sector. The first speaker was uses its capital more Mr. A. S. Prasad, Business efficiently than China. Still Leader, Emerson Process India is not able to match Management (India) Pvt. Ltd. China’s growth rate. He who presented his paper on showed that the world ‘Impact of Global Recession on Dr. B.B. Bhattacharya, beating competitiveness will Vice Chancellor Oil and Gas Engineering Jawaharlal Nehru University come if we are able to Mr. A.S. Prasad Services in India’. He talked Business Leader (National) , provide opportunity of about variety of opportunities Emerson Process Management availing education to more number of people. China arising in the Oil & Gas industry (India) Pvt. Ltd. floods the world with cheap goods, India floods the as more than 200,000 people world with services (human capital). will retire from this industry in next ten years. He If we can spend more on R&D. Corporate sector in India mentioned that everyone can’t be innovating, there has contributes less than 2% to the R&D expenditure, to be fine balance between value-added high end jobs whereas in South Korea it is 87%. That is why despite and the routine outsourcing jobs that we undertake. starting late South Korea is making world class cars and Dr. Vikas Prakash, Head, Department of Economics, electronic items and we are not. To add to the woes 95% University of Petroleum & Energy Studies and also the of patents created by India are bought by foreign MNCs Program Director, spoke on the topic ‘Refine More: rather than Indian companies. A Strategy for Crude Deficient India’. He spoke about The Guest of Honour, Mr. Alok Sud, Vice President, (IB) the robust growth that India had recorded despite the & Marketing Services, Reliance Industries Limited spoke global slowdown, and further raised question about our on the ‘Private Sector’s Role in Augmenting Petroleum fuel adequacy to sustain the desired growth. He Product Supply in India’. He maintained that the deficiency of crude oil should not demonstrated that despite the deter us from becoming a refinery hub for the world. recession, petroleum product The Second Technical session consumption in India grew at was on Power Industry. The healthy rate. He emphasized first speaker of the session was on the kind of innovation Ms. Anita Singhal, former Banker brought into the fuel and currently a research scholar dispensing process. But, at the University of Petroleum & despite the availability of Energy Studies. She showed that mechanized alternatives with the power sector had never been Mr. Alok Sud, Vice President, the company they have to so good as the year 2009 and IB & Marketing Services, follow the norms laid down by recession had no impact on Ms. Anita Singhal, Reliance Industries Limited the Government of India, funding of power projects in former Banker and which requires every morning India. The year 2009 saw record currently research scholar noting the density of fuel in the tank lorry; density of number of projects achieving at UPES the fuel in the underground tank before decantation and financial closure – worth Rs 1,63,927 cr. as against density in the underground tank after decantation. Rs 51,395 cr. in year 2008. Traditionally power sector has These readings are to be signed by three different people shied away from the equity markets. The year 2009 and preserved for years. Mr. Sud stated that RIL was marked another difference in the history of Power sector reluctant of having unmanned Gas station because the payment mechanism doesn’t Variety of opportunities are arising in the Oil & Gas industry allow having unmanned gas stations. He as more than 200,000 people will be retiring from this mentioned that technology-wise RIL is industry in the next ten years. Everyone can’t be innovating, 100% prepared for unmanned gas stations, the company’s ultimate ambition is also to there has to be fine balance between value-added high end have unmanned gas stations all over the jobs and the routine outsourcing jobs that we undertake. country even in the remotest locations, but Mr. A.S. Prasad the company is waiting for full decontrol Business Leader, Emerson Process Management (India) Pvt. Ltd. of the sector from the government. Energy News I May ‘10 5
  8. 8. by garnering 65% of the total funds raised through The second speaker for this session was Mr. D.P Singh,. equity markets. Executive Director - Corp. Planning & Management, Airport Authority of India. The second speaker of the Mr. Singh focused on airline session was Mr. S.P. Arya, industry environment in Dy. Director, UERC, who spoke India. He touched all the on the topic ‘Driving Power critical issues related to Indian Tariff Down: Role of SERCs’. airlines business and its Mr. Arya detailed the role of linkages with other industry electricity regulator in tariff and society - like its determination. He showed why contributions in the economic it is important to secure the development of the country, interest of both the power Mr. S.P. Arya, Dy. Director, in the cargo handling, and in producer and the customer. He Uttarakhand Electricity the social development. He Mr. D.P. Singh explained the various Regulatory Commission also talked about the Executive & Management, Director - Corp. Planning challenges faced by the environment due to which Airport Authority of India electricity regulator and how the role of regulator has Indian airlines are facing helped in evolution of the power market. productivity problems like lack of infrastructure, industry’s sensitivity towards business cycles, The third speaker of the session was consumers’ sensitivity towards airline demand etc. Prof. A. M. Bharadwaj, head of department, Power Management, UPES who spoke on ‘Hydropower The third speaker of the session was Economics: Key to Continuous Power Supply’. Dr. Prasoom Dwivedi, Asst. Professor, UPES. Prof. Bharadwaj established the need for investing Dr. Dwivedi talked on ‘Aviation environment and more in hydro power generation. Hydro power is management during recession’. In his presentation, he not only cost effective in the long run but also gave overview of global aviation industry especially, Low very effective in meeting peak load demand. Cost Carrier (LCCs). With respect to Indian LCCs, he mentioned that Indian LCCs have made world’s largest The third session of the day was dedicated to Aviation domestic market penetration by around Industry. The first speaker of 52% in 2009 and Spicejet scored around 53% market this session was Mr. L. Ravi, penetration which is highest in the world in 2009 itself. Vice President, Delhi International Airport Ltd., Day 2 GMR. Mr. L. Ravi presented The Second day of the Summit began with technical paper on ‘Investment session on Logistics and Potential in Aviation’. He Infrastructure industry. The showed that in 2008 there was first speaker of the session was high aircraft movement but Mr. Mukul Jain, Executive lesser number of people Director, CONCOR. Mr. Jain travelling, but, in 2009 the gave detailed analysis of Indian passenger load factor was Mr. L. Ravi Logistics Sector and also talked seen to have improved Vice President, GMR about growing needs of remarkably. As a result the logistics because of rapid airports need to gear up for handling higher volumes of economic and industrial passengers. He spoke about the investment growth in the country. He also requirements in airport infrastructure for resurrecting Mr. Mukul Jain mentioned that competition in Executive Director, CONCOR economic growth. He talked about airport infrastructure this sector is also growing and development requirement in the country. He also the companies like CONCOR have started facing the mentioned measures taken by the government for heat of competition. Presently there are 11 private developing airport infrastructure like development of players in the industry which give good scope for the Brown field and Green field airports. Recently, students for placement purposes. government of India has decided to develop 10 new greenfield airports and expansion of 35 airports in the The second speaker of the session was country. During discussion he emphasized on the need Mr. M. N. Ravishankar, Director - BD, Regulatory & Risk for liberalizing the regulations in airport sector of the Management, Lanco Infratech Ltd. Mr. Shanker gave country. insight in the infrastructure sector India. He 6 Energy News I May ‘10
  9. 9. characterized infrastructure power generation projects could not be completed. He sector as natural monopoly, brought out that most of the factors were managerial capital intensive and in nature. The second presentation was team effort of investment irreversibility. He two speakers from MBA (Oil &Gas) I yr. – Aditya opined that economic Agnihotri and Siddhartha Banerjee. They showed how downturn does not affect the the economic recession had impacted the Oil and Gas infrastructure industry. Its industry in the country. The third growth and development presenter of the session was depends on government Prashant Saxena, MBA (Energy policies and decisions rather Mr. M. N. Ravishankar, Trading) II yr. He presented his than economic cycles. Director - BD, Regulatory paper on how economic & Risk Management, Mr. Shanker also detailed the Lanco Infratech Ltd. advantage, in buying of crude oil kind of risk infrastructure by our companies, can be industry may face because of its large size and other achieved through various risk economic reasons, some of them are policy risk, political management techniques. risk, delays in bid processes, regulatory risk, delays in Mr. Threesh Kapoor, Mr. Threesh Kapoor, Chairman, land acquisition, etc. In this way, infrastructure sector Chairman & MD, Uttaranchal Gramin Bank was the is business cycle insensitive (at least at the policy level) Uttaranchal Gramin judge for the event. Sanjiv Kumar on the one hand while facing different kind of risk on Bank Singh was eventually adjudged as the other. At the implementation level the infrastructure the winner. sector in India is experiencing large number of problems like land acquisition, R&R (resettling and recovery), The valedictory address was forest clearance, water allocation data quality, state Vs given by Mr. R. K. Singh, Advisor centre issues, viability of the project SPV based funding to CM Uttarakhand. He spoke etc. which are affecting the competitive strength of the about the genesis of the global players. economic recession. He beautifully related the subprime Student’s Participation crisis in US to the economic The second session of Day 2 was dedicated to students’ crisis worldwide, but, posed competition. The first student was Sanjiv Kumar Singh, confidence that it was just much MBA (Power Management) II yr. He presented paper needed correction in the system Mr. R. K. Singh on ‘Impact of Recession on Power Generation and the and the world economy will Advisor to Chief Minister, Way Out’. He listed various problems due to which climb out of its woes with India Uttarakhand playing a vital role in it. CMD, HPCL hails UPES progress Mr. Arun Balakrishnan, CMD, Hindustan Petroleum Corporation Ltd. and member board of governors UPES visited UPES campus on March 22. He was received by the Chancellor Dr. S.J. Chopra, Vice Chancellor Dr. Parag Diwan. Mr. Balakrishnan was shown a presentation on UPES, after which went into the details of the facilities & future plans. He took a tour of the campus and was very happy to see the developments at the campus. As a member of Board of Governors Mr. Balakrishnan was highly satisfied with Mr. Arun Balakrishnan, CMD, Hindustan Petroleum Corporation Ltd. development at the campus and expressed his addressing the faculty members views as “Visiting the campus after 5 years, can see the tremendous amount of work done - in terms of addition in infrastructure, new modern laboratories, state-of-the-art laboratories, first class faculty and an explosion of students. This is a great institution for supporting the manpower requirement of the Indian and world Oil Mr. Arun Balakrishnan, & Gas industry of the downstream and upstream.” planting a sapling at the campus He also planted a sapling at the campus. Energy News I May ‘10 7
  10. 10. Innovation can be very basic yet it needs a lot of research Vehicle designed by students appreciated in Auto Expo 2010 The All Terrain Vehicle The students of the Automotive Design Engineering (ADE) program of University of Petroleum & Energy Studies, Dehradun designed an All Terrain Vehicle (ATV) named ‘Moguli’, during the course of the program. The car is capable of running over uneven, muddy or any natural surface. It has become possible through incorporation of very special innovative features. The ADE program is designed to meet the needs of the 21st century automotive industry covering design & developments, production & manufacturing and repair & maintenance. The course offered is one of the Mr. Ravi Kant, Vice President – TATA Motors inaugurating the UPES fascinating studies of an automobile from design to the stall during the Auto Expo 2010 on-road adaptability along with understanding of the associated wider aspects of the transportation sector, Mr. Ravi Kant, Vice President, TATA Motors inaugurated energy & environmental concerns and application of UPES stall at the 10th Auto Expo 2010 at Pragati Maidan, petroleum & alternative fuels. The course aims to New Delhi. ‘Mougli’ an ATV (All Terrain Vehicle) educate students both in theory and practical through designed by the domain specific subjects structured as Basic, Core and students of Advance Engineering. Automotive D e s i g n This vehicle is a demonstration of the relevance of the Engineering theory and practical aspects of the course. The vehicle program was participated in the competition ‘Baja 2009’, the only w i d e l y event in the country, organized by SAEINDIA (Society acclaimed at of Automotive Engineers), in which students get a the Auto-Expo chance to design and fabricate a vehicle all by by the leaders themselves. and stalwarts of Mr. Ratan Tata, Chairman, TATA Group of companies at the stall with the students of A u t o m o t i v e UPES Industry. The stall was also visited by Mr. Ratan Tata, Chairman, TATA Group of companies. The other dignitaries who visited the stall were Mr. Karupayya, Director, NATRAX, Dr. K.C. Vora, Head, ARAI Academy & Library, Mr. I.V. Rao, Head R&D, Maruti Udyog, Mr. Ravi Kharul, GM- R&D, TVS Motors Company Ltd., Dr. M.O. Garg, Director-IIP Mr. Pradeep , Handoo, Head-Design Center, Hero Corporate Service Ltd., Mr. Gautum Sen, Consulting Editor, AUTO INDIA, Mr. Ravi Kant, Vice President – TATA Motors, in discussion with UPES Mr. Natarajan, MD, Motor India and many others. students 8 Energy News I May ‘10
  11. 11. Espacio-Dias 2010: A journey through Time and Space Espacio’Dias, Spanish for Aerospace Day, was organized wisdom, but also involved on 19th - 20th February, 2010 at campus by first graduating himself as a participant. Soon, batch of Aerospace Engineering students of University of followed a campus tour Petroleum and Energy Studies. Supported by the faculty guided by Advisor, Aerospace and management, this first of its kind event was targeted Engineering Department, to showcase department’s strengths, versatility and AVM A. K. Khosla and essentially its spirit. head of the department, Dr. Om Prakash. A repeat A short summary of this event would include mention of performance of Air Show with dignified visits from Industry, Academics and Air-force, new models and new acrobats several student competitions such as model glider-flying, was next item on the menu ACM (Retd.) S.P. Tyagi paper plane, flight simulator, water-rocket, poster and which turned out to be even interacting with the students paper presentations and of course the event highlighter more exemplary due to a ‘Air show’. model which could send live video images to LCD screen The celebration started with on the ground. While none of the actions displayed were welcome of Mr. Balraj Gupta, new to this fighter pilot who is known for his daredevil Director, ADRDE (Areal adventures, ACM Tyagi surely was thrilled and entertained Delivery Research and by these flying models. Development Establishment) The event ended by awe-inspiring talk in open air at and Air Marshal (Retd.) University’s amphitheater. ACM Tyagi reiterated his K.D. Singh. While Mr. Gupta confidence in youth and explained how the key to society’s enlightened students about success lies in the hands of these students. While disclosing several DRDO labs and their his own recruitment and experience with Indian Air-force, research activities such as Mr. Balraj Gupta, Director, he encouraged students to have a vision and objective of parachute technology, space ADRDE addressing the life before they run after degrees or jobs. Invigorated by recovery mechanisms, students his words and eager to soon be fighter pilots, students clustered parachutes, discussed their career opportunities at Air-force with ACM AM K.D. Singh talked about national defense and role of Tyagi. Prize distribution and vote of thanks by Dr. Shrihari, Air-power. He toured through Dean, College of Engineering, substantiated by echoing past Indian wars and how India claps all around the place marked the official end of dominated due to its superiority Espacio’Dias. in Air-Defense. Nothing could have given this event a better start than these two personalities from two different background yet serving the Aerospace Industry. Their words not only inspired the Aerospace Engineering students but also all AM (Retd.) K.D. Singh Students displaying the faculty present. addressing the students models of aircrafts The beginning of Day Two witnessed an event in campus quadrangle which would make any youngster envy. Students were competing with their aerodynamically engineered paper-planes to cover maximum range with maximum flight time. Simultaneously, while some students were flying off virtual planes in flight simulator, others were presenting their technical knowledge and research potential via paper presentations, confluence and poster presentation. The Chief Guest, Air Chief Marshal, (Retd.) S.P Tyagi joined . students participating in various competitions and not Participants of ‘Espacio-Dias’ only encouraged them with his presence and words of Energy News I May ‘10 9
  12. 12. Financing Power Projects in India – A Paradigm Shift the Government took over post-independence; and few of them were viz. Ahmedabad, Mumbai, Kolkata, Kanpur, Surat etc. a typical example of distributed M. N. Ravi Shankar generation, and there was no conflict of interest Director – BD, Regulatory & between private and public set-up as the area Risk Management, demarcation was unique, and no two licensees were LANCO Infratech Limited operating in the same area. BACKGROUND Infrastructure development for any country is a gigantic task, more so for a vast country like India. Emerging Indian Power Sector is saddled with acute power deficits and huge Transmission and Distribution losses, State Electricity Boards (SEBs) / Distribution Companies (DISCOMs) of the State becoming financially inviable due to tariffs not being increased for the populist political reasons. Financing the sector has become a major issue. Electricity Sector has been given major thrust in With the advent of developmental activities in the every Plan period beginning from the I Plan till date. sector, the focus shifted from specific area development, Capacity addition for power generation being dismal to mass area development, and thrust on rural due to various reasons; it directly affects the growth of electrification with full governmental support. No doubt the nation. Some of the major factors for such dismal this was required for the economy, but it was done performance could be (i) Lack of Finance available to without looking into the financial aspects and viability. set-up of these plants (ii) Non-availability of adequate Rather, till early 1990s the sector was closed to the idea funds with the State Public Sector Enterprises (SEBs / of private partnerships. Generation sector of electricity DISCOMs), (iii) Tariffs not reflecting the true costs, (iv) was opened-up for private participation by framing a Over burden of Subsidy on the Govt. (v) Rampant thefts policy by Government of India. Generation activity has and (vi) huge technical and commercial losses. been de-licensed but many clearances were still required. CHANGING PHASES OF POWER MARKET Thus benefiting the Independent Power Producers STRUCTURE (IPPs) in some states like AP, Maharashtra and Gujarat Change is a universal law and is inevitable, Change is going to be a constant feature; it is Companies who have Funding for the power generation projects has to adopt and adapt to these changes. Dynamic factors undergone a sea change and from a traditional such as Political, Social, and Commercial etc. force these (conservative) approach to the modern day innovative changes. After India became Independent almost entire financing route. In the past, post liberalization era when country was under a bundled structure, created by each private sector started participating, the financing was State, viz. a State Electricity Board or an Electricity the most conservative and required sovereign Department. These entities were having integrated guarantees, escrow accounts, and all the receivables structure to perform the duties of Generation, attached to the project developer. A Risk mitigation Transmission and Distribution. There are some cities structure for the project developer, as the SEBs were where some Private players were operating even before little creditworthy, due to inadequate fuel off-take and 10 Energy News I May ‘10
  13. 13. payment guarantee set-up; tariff not being rationalized, days it was only development financial institutions like and tariff not being cost-reflective; and SEBs were IFCI, IDBI and ICICI which were doing the project subsidy- dependent. In some of the States even subsidy appraisals and project financing, but during last decade, was also not forthcoming from the Government because however, more so during last five years, commercial of their weak financial conditions. banks have also started lending to the power projects by doing project appraisal by themselves. Commercial Since, 1991 private participation was more oriented banks fund these projects under the infrastructure on gas / naphtha projects, and that too based on banner, as RBI has broadened the scope of imported technology. In the later part of 1990s or early infrastructure. Door-to-door lending is there almost for 2000 the story shifted to other types of fuel viz., Coal, 17 years of which 4-5 years is for construction period Imported Coal, Hydro, Renewable etc. The entire and 12 years for servicing the debt. funding of the power projects critically hinges on the cash-flows and debt equity structure. Dedicated Institutions for the Sector Power Finance Corporation (PFC), Rural Electrification DEBT FUNDING Corporation (REC) are dedicated to power sector financing for the private / public sector utilities on The sector gets funds from typical agencies which are sound commercial principles, to cater to the needs of created or operated specifically for the development of these utilities. While PFC does funding for all types of infrastructure space. One has to remember that investments and working capital needs of different electricity has become an essential commodity and a utilities, REC primarily focuses on rural electrification public good. Whatever is done to the sector it directly schemes. These institutions act as prime movers of the affects the common man. Debt plays a vital role in value sector. Asset liability mismatch and credit risk exposure creation for the enterprise. Leveraging the balance sheet norms of RBI are not applicable; this in fact plays a for value creation is the need of the hour. significant role in developing the sector. Government Insurance Companies Government funds most of the projects of the Central LIC, GIC, UII etc. have been mandated by IDRA to invest and State sector for their capacity expansion and new at least 15% of their funds to finance the infrastructure projects or for the working capital too. The lending is sector. These institutions have been funding the done for longer term and at low interest rates for electricity sector and are now extending their support sustenance of the sector. to the private entities also. Multilateral Agencies External Commercial Borrowings Some of the PSUs like NTPC, NHPC, etc. were initially External Commercial Borrowings (ECBs) were popular funded through multilateral agencies like Asian means of borrowing by the large capital intensive Development Bank, World Bank, International projects. This allows the company to do the swapping Monetary Fund etc. for initiating the process of creating of resources to reduce the cost of project. Typically the infrastructure in the country with an aim to create infrastructure projects go in for ECBs during the project economic efficiency of the assets. Electricity Act, 2003 construction stage with a low LIBOR plus premium was also in this direction to create value for various stake which are cheaper than the local market. This is not a holders, bringing in level playing field among various rule-of-thumb but purely depends upon two vital stakeholders, and to instill confidence among investors factors viz. RBI policy and External Market conditions. and stakeholders by bringing certainty to the sector. Export Credit Agencies These agencies have funded the power projects by There are products available for getting funding against way of grants to these newly created Central Public the import of capital equipment from a specific country. Sector Undertakings for developing the sector; of late, These institutions do lend to specific proposals of the they are funding to the private sector projects by lending domestic market. Buyers Credit is another instrument and which makes the project viable. Funding is generally by which the project developers raise short-term for longer duration with liberal terms. finance for funding the projects. Financial Institutions Bonds Financial Institutions and Commercial Banks are Most of the CPSUs, SPSUs and SEBs have been using funding the power projects in a big way. In the earlier this mechanism to raise short term financing to meet Energy News I May ‘10 11
  14. 14. or bridge the gap. These are generally funded by the Citigroup, Macquire, IL&FS have specialized funds pension funds, mutual funds insurance companies etc. focusing on infrastructure sector which invest these These are generally for 5 – 7 years. funds in the upcoming projects by picking up equity stakes. QUASI EQUITY OR SUBORDINATE DEBT Qualified Institutional Placements This structure was innovated to finance infrastructure This type of equity is generally placed by existing projects with an option to convert a portion of the debt companies, by virtue of past performance of the into equity; or to continue the flexible portion of debt company. QIP bidders are allotted existing or fresh as debt with higher premium. These options give shares. This is an attractive route for the companies for cushion to the lenders to maximize their returns too. raising capital and increase confidence to the QIP about the investments getting channelized to the right EQUITY FUNDING companies who are performers. For any project, promoters’ equity is a must, and more so for the projects with long gestation period and for CONCLUSION those with long asset life. Returns are guaranteed in the The concept of funding is changing with the changing power sector for bringing private investment. This is one times and there is a paradigm shift now, as the sector is of the sectors where 100% FDI is allowed. The return is maturing day-by-day, with alternate sources and pegged at 15.50% net of tax and additional 0.50% for innovative funding available to the sector. Lenders are the projects getting commissioned on or ahead of now convinced about the Indian Power Sector story and scheduled time. Typically equity is raised from the are making moves to facilitate innovative structures and internal accruals of a company. In case of Special risk mitigation approaches for the electricity sector. In Purpose Vehicle (SPV) equity is infused under various the process the relevance or insistence of PPA is no structures as detailed below:- longer a requirement for project funding. This is because of the fact that power trading market is throwing the Promoters Equity / Internal Accruals right price signals for the unmet demand. There is now Most projects have equity infused through the pressure on the States / DISCOMs / Utilities to plan for promoters’ capital route. In case of Government held the electricity generation to meet the ever increasing companies the infusion is primarily through internal demand. Power trading activity is going to be a accruals. Large CPSUs like NTPC, NHPC, PGCIL, etc. significant activity in the entire value chain of the do fund the new projects under these routes. electricity market. Financial Institutions would take Primary / Capital Markets positions to mitigate their risks; and in the next stage, Off late power sector companies have been approaching derivative market would get evolved and shall act as a the Indian Capital markets; this is mainly because of balancer for the project risks. the focus on adding generation capacity. The sector being capital intensive the requirement goes up The price realizations by merchant sales of the manifold as there are very few players in the market. surplus capacities have given good marginal cost price India has been drawing ambitious plans for capacity signals in a deficit market. This infact is now driving addition plan after plan, but now only, the program is the power market and leading to a major shift in the witnessing greater thrust after private sector taking lead paradigm. The additional revenues from the merchant in capacity additions in a big way. Another factor is sales are in fact giving greater comfort to the many of the Mega and Ultra Mega power projects being stakeholders for accelerated repayment of the funding, developed by Private players only. Stock markets have and gearing-up for creating additional capacities to the seen many Initial Public Offerings (IPO) like JP Hydro, much starved power sector of the country. The power NTPC, GMR, GVK, Lanco, Reliance, Jindal, Adani and trading market has given a fillip to the deficit gap driven markets have accepted these companies. power market. Private Equity Funds In all the 5 Year Plans the Government of India has Another more recent way of funding the project is by been a failure, when it comes to the actual capacity way of private equity investment as venture capitalists, added against the targeted addition. Table below shows and would exit through IPO or other routes by divesting the performance in last few plan periods. the shares. Some of the big groups like IDFC, PFC, 12 Energy News I May ‘10
  15. 15. Five Year Plan Years Capacity Addition (MWs) Lakh crores and of which about Rs 4 Lakh crores are Target Achieved expected from private sector. These aggressive funding Eighth Plan 1992-1997 30,538 16,423 requirements of the power sector require innovative Ninth Plan 1197-2002 40,245 19,015 techniques to fund the growing power sector needs; Tenth Plan 2002-2007 41,110 21,180 modern and innovative mechanisms play a vital role Eleventh Plan 2007-2012 78,577 ??? for funding the power projects. Total Installed Capacity in India as on 28.02.2010 is In the entire game of power-project-financing the 1,57,229 MWs with a deficit of about 20,000MWs important consideration is the promoters’ track record in execution of projects and project-management- The Working Group of Power has estimated capabilities. Electricity Act, 2003 has given enough Demand, and has projected a capacity requirement of opportunities through Open Access in a non- 12,07,000 MWs by 2032 if the Indian Gross Domestic discriminatory manner, thereby giving a choice to the Product has to grow by 9%, the Table below shows the generators and consumers to source each other. Under estimated requirement under different plan periods. this regime, role of government guarantees, counter guarantees, escrow mechanism have little relevance as Plan Period Capacity Addition there are other robust mechanisms in place. Under the Requirement (MWs) Requirement (MWs) Ultra Mega Power Projects – PPAs a generator can sell 2007-2012 2,15,000 78,000 its power to third parties in case of default by a 2012-2017 3,31,000 1,16,000 beneficiary. 2017-2022 5,10,000 1,79,000 2022-2027 7,85,000 2,75,000 The financing mantra keeps changing according to 2027-2032 12,07,000 4,22,000 the requirements and the state of economy, more so for Capital outlay of the XI Plan for the power sector is a fast developing country like India. It will thus be seen put at Rs 10 Lakh crores and of which Rs. 2.50 Lakh that in India there exist projects with 100% equity crores are estimated from the private sector, similarly, funded, while at the same time in the fast changing for the XII Plan Capital Outlay is estimated to be Rs 15 economy there are projects funded with 100% debt. Students of B. Tech (ADE) exposed to Robotics Tech exposed A 2 day precision robot building workshop – LogiTrix was conducted at University campus during March 27 – 28, 2010. 100 students participated in the workshop forming 25 teams. The aim of the workshop was to introduce to the students the art of building the autonomous robot to solve a set of tasks from programming view point. The organizing company was TRI Technosolutions Pvt. Ltd., SINE, IIT, Bombay. The participants were introduced to the architecture of the AVR microcontroller and to the programming concepts. By this they learned to read and write into the inbuilt EEPROM (Electrically Erasable Programmable Read Only Memory) and control the I/O ports. The input port generally feed the sensed signal from the external world to the microcontroller and is analog in nature. This analog signal is digitized by internal analog to digital converter and a data base is stored into the internal memory. The program use this data base for decision making and resultant digital signal is output by the output ports and the application comes alive. Initially simple tasks were solved like switching, blinking the LEDs after certain time delay, software and hardware looping concepts were introduced. Energy News I May ‘10 13
  16. 16. Participating teams of Energy Cup 2010 Energy Cup 2010 - Synergy in sports UPES as a policy has always encouraged Industry–Academia interface by initiating new and innovative forums of Academic interaction. UPES has taken one more stride in this direction by initiating an interface with the industry in the field of sports also. A T-20 cricket tournament for the “ENERGY CUP” was launched with the vision of converting this into a major corporate cricket championship of the country over the next few years. The three teams competing for the Inaugural trophy called “ENERGY CUP-2010” were the hosts UPES, Schlumburger & GEOPIC-ONGC . This Tri series was played on March 24 – 25, 2010 at UPES campus grounds, Dehradun. The prize distribution ceremony was conducted by the Proctor –Mr. Arun Dhand and Mr. Manish Madan. The presentation party consisting of the Chancellor, the Vice Chancellor, the Pro-Vice Chancellor, Country Head of Schlumberger - Mr. David Seabrook and Deputy General Manager of Geopic – Mr. T.R. Murli Mohan. Energy Cup 2010 Score Card ONGC Vs UPES Schlumberger vs UPES ONGC vs Schlumberger ONGC 146/6 in 20 Overs UPES 248/4 in 20 Overs ONGC 174/5 in 20 Overs UPES 147/7 in 17 Overs Schlumberger 158/10 in 15 Overs Schlumberger 60/10 in 13.4 Overs UPES beat ONGC by 3 wickets UPES beat Schlumberger by 90 runs ONGC beat Schlumberger by 114 runs Series Best Batsman - Mr. Manish Yagnik, UPES Series Best Bowler - Mr. Manoj Kumar, ONGC Intramural Volley Ball Tournament An Intramural Volley Ball Tournament for boys was organized starting from February 29. 16 teams from various courses of University participated in the tournament. The Tournament was inaugurated by the Proctor - Mr. Arun Dhand. The Semi Final matches were played on 26th March 2010. First Semi Final was played between B Tech - ADE, IIIrd yr. & B Tech - APE + GE, IInd yr. in which B Tech, IInd yr. won by set score – 2-0. The Second Semi Final was played between B Tech - GE IVth Yr & B Tech - ASE, Ist yr. in which B Tech - ASE won the match by 2-0.The Final Match was played between B Tech - ASE, Ist yr. and B Tech - APE + GE IInd yr. In a close contest the final match was won by B Tech - APE+GE by set score of 3-1. Gane Ravi Kumar of B Tech, Ist yr. was declared the ‘Best Player’ of the tournament for his overall performance. 14 14 Energy News II May ‘10 Energy News May ‘10
  17. 17. CMD, GAIL India Ltd. honours UPES. Endows Mahatma Gandhi’s statue Mr. B. C. Tripathi, foreign personalities Chairman & Managing have won him Director, GAIL India Ltd., laurels at unveiled a 6’6" bronze various national & statue of Mahatma international Gandhi at the campus of exhibitions. His University of Petroleum & works are displayed Energy Studies at many venues. He (UPES) Dehradun. has been honoured Mr. Tripathi specially by the Prime made a visit to Dehradun Minister and to endow the statue President of India. which has been made by This particular pose the world renowned of Gandhiji is Indian artist, Mr. Gautam Guests and UPES faculty at the unveiling of Mahatma Gandhi’s statue adorning the place of Pal of Kolkata. at UPES Campus, Dehradun pride at many The magnanimous venues all over the gesture of “GAIL India” is world which include in recognition of UPES being the pioneer University Acapulco (Mexico), Lisbon (Portugal), Catania (Italy), Sao dedicated to the education in the Energy domains. Paolo (Brazil) and the office of GAIL India Ltd. New Delhi. The sculpture in larger sizes in the same pose are also Mr. Tripathi who in addition to heading GAIL India Ltd. is displayed in Moscow (USSR) and Washington (USA). also the Chairman of Brahmputra Cracker & Polymer Limited, Assam GAIL India Ltd. and GAIL Gas Ltd. He is also a Director in Petronet LNG Ltd, GAIL (India) Ltd. is India’s largest natural gas company Mahanagar Gas Ltd., and having a market share of 79% in natural gas transmission Indraprashtha Gas Ltd. and 70% in natural gas marketing. Apart from natural gas transmission, distribution and processing, the Company Speaking on the occasion has diversified business interests in LPG transmission, Mr. Tripathi said that he was very petrochemicals, city gas projects and Exploration and happy to visit UPES. Regarding the Production activities. The Company has presence in Egypt endowment of the statue to the and China through city gas projects and in Myanmar and Mr. B. C. Tripathi, University, Mr. Tripathi said that it Oman in E & P GAIL has set up a wholly- owned subsidiary . Chairman & Managing is the befitting gift which GAIL has company viz. GAIL Global (Singapore) Pte. Ltd. in Director, GAIL India Ltd. presented to UPES as the institute addressing the students Singapore. of repute in the energy sector. Earlier Mr. Tripathi addressed the students and faculty members where he outlined the importance of energy sector as a vital arm of Indian economy. He complemented the faculty and the students for their contribution to this core sector and there by contributing to the growth of the country. Mr. Tripathi also planted a sapling at the campus. The statue of Mahatma Gandhi The statue which has been endowed by GAIL India Ltd is 6’6" tall pose of Mahatma Gandhi made by Mr. Gautam Pal. 60 years old Mr. Pal a noted artist from Kolkata has contributed to the art of sculpture in a big way. The sculpture made by him of many Indian & Mr. Tripathi interacting with the faculty at the Aerospace Lab Energy News I May ‘10 15
  18. 18. They work hard and party harder Annual “Picnic 2010” of UPES was organized at Kata Pathar, newspaper trick was the highlight of his show, though a bit a serene spot near Kalsi about 61 kms from Dehradun on long drawn out. Ladies had been looking forward to playing March 20th. The weather was excellent for an outing like Tambola, but there was no time, hard luck ladies-will this. Nearly 400 persons including children ventured to certainly make-up next time. participate in the picnic. Lunch was a sumptuous affair of Indian and Chinese cuisine, At the picnic spot the atmosphere was unmistakably carnival and a choice of salads. The pièce de résistance was the Kulfi like. Balloons in the trees had children pestering their faluda from Kumars’ and had everyone queuing up in front parents for some. Loud music vied with the shrill shrieks of of the lone frozen pot. Smart ones had double/triple children playing. Soon everyone thronged to the Golgappa helpings - good luck to them!! and Papri chat marquee. Many decided to wade in the waters of the Yamuna, while others were seen strolling on The children ‘Drawing Competition’ was held post-lunch; the promenade enjoying the splendor of the rapids. The they were divided in two age groups - below seven and above more adventurous swam, exhibiting an awesome display of bellies of different shapes, sizes and hues !!! Anglers were seven. The theme was ‘Our surroundings’ and children came heard debating the best places to fish for mahaseer. Mothers out with awesome performances. Mrs. Tewari, wife of the cautioned their exuberant children from going too deep into PVC, judged the entries and gave away prizes. All the water. participants were given tokens of appreciation. Everyone was given a keepsake to remind them of the outing, PVC The magic show had children hooked and they were heard addressed the gathering and the wonderful afternoon came asking their parents, “Usne paise kaise banaye?” Magician’s to an end, though reluctantly. Project Abhilasha 2010 “Project Abhilasha, 2010” commenced from 26th - 3rd April, 2010 was inaugurated by Dr. B.K. Joshi, Former Vice Chancellor, Kumaon University and Smt. Joshi, a renowned social worker at Rajiv Gandhi Novodaya Vidhayala, Nanorkhera, Tapovan, Dehradun. Project Abhilasha, a part of corporate social responsibility of University of Petroleum & Slected Students under Abhilasha 2010 Project Energy Studies, Dehradun is an effort with an aim of building a scientific base for engineering entrance examinations for students from the interiors of Uttarakhand who do not have coaching facility. Every year UPES, Dehradun select a large number of students with the support from Directorate of Education, Uttarakhand, and impart free rigorous in-house residential training for 10 days in physics, chemistry and mathematics for “AIEEE Entrance Examination” with free boarding and lodging facilities. The selected 65 ( inclusive of 27 girls) students hail from Rudryaprayag, Chamoli, Haridwar, Champawat, Nainital, Bageshwar and Dehradun Districts. 16 Energy News I May ‘10
  19. 19. Dainik Bhaskar “B-School Leadership Awards” UPES WINS two prestigious awards • Best B-School with Excellent Industry Interface • Best Professor Teaching Marketing Management The morale is enhanced, when we get recognition from the industry and peers for the efforts that we are Mr Arun Jyoti - Dircetor, UPES Mumbai Office receving the award for putting in to build a world-class ‘Best B-School with Excellent Industry Interface’ university. At the recently concluded Dainik Bhaskar B School Leadership Awards function in Mumbai, presided over by the Honourable Prime Minister of Bhutan, Jigme Yoser Thinley, UPES was recognized as being the ‘Best B-School with Excellent Industry Interface’. UPES faculty Dr. Suresh Malodia was awarded for being the ‘Best Professor Teaching Marketing Management’. Dr. Suresh Malodia, Professor - UPES receving the award for ‘Best Professor Teaching Marketing Management’ State Energy Conservation Award 2009 UPES won the IInd position (office building and educational institute category) in first State Energy Conservation Award 2009 for its contribution in the last three years. Award was given away by Hon. Principal Secretary Energy of Uttarakhand during Dec.’09 in Dehradun. Main criterion was various training programs/ workshops that we conducted and few measures that we implemented in University viz. improving of and installing energy efficient tube lights. In individual auditor category, our Associate Professor - Mr Kamal Bansal (BEE certified Energy Auditor) won the first prize for his work in conducting various energy audits, training programs and preparing technical literature on energy conservation. Prof. G.C. Tiwari recieving the 2nd position award in the first Mr. Kamal Bansal, Associate Professor - UPES, recieving the first prize State Energy Conservation Award 2009 for its contribution in saving for his work in individual auditor category in the First State Energy energy in Office building and educational Institute Category Conservation Award 2009. Energy News I May ‘10 17