Short Term Course on Economics of Renewable Energy Based Power Generation At Indian Institute of Technology, Delhi

Short Term Course on Economics of Renewable Energy Based Power Generation At Indian Institute of Technology, Delhi

INTRODUCTION AND OBJECTIVE

Renewable energy technologies are expected to contribute substantially towards meeting rapidly increasing global energy demand. Renewable energy based power generation has received considerable attention in recent years in many countries of the world. One of the primary feasibility requirements for large-scale sustained diffusion of renewable energy technologies relates to their financial and economic viability.
Therefore, a detailed holistic evaluation of their financial viability for individual investors and economic feasibility for society at large is critically important prior to formulation and implementation of policies and programmes for their large scale dissemination as well as establishment of different institutional mechanisms in this regard. Any such attempt must try to internalize all relevant technical and economic parameters as
well as environmental considerations applicable to the renewable energy technologies.

Deciding the tariff for renewable energy based electricity involves a variety of considerations including the cost of generation, avoided costs and environmental externalities. The cost of generation itself would depend upon resource availability, financing strategy adopted, cost reduction in future with increased experience etc. It is therefore necessary to have clarity and proper understanding of various relevant issues
for tariff fixation.

A variety of financial, regulatory and other incentives have been proposed (and given) for promoting the use of renewable energy technologies for electrical power generation across the world. It is therefore necessary that the professionals in the Government, industry, commercial enterprises, NGOs and research and development establishments are able to assess and evaluate the implications of different types of existing and potential incentives for the unit cost of electricity produced by renewable energy projects and also in
deciding a suitable tariff for the same.

Renewable energy based power generation is expected to mitigate carbon emissions. Any attempt to ompare
various electricity generation options should therefore take into account potential carbon mitigation benefits of renewable energy systems.

The proposed short course primarily aims at providing detailed inputs on the above-mentioned topics and also a platform to discuss relevant issues. It is also envisaged to introduce software that facilitates financial feasibility evaluation of renewable energy projects.

TOPICS TO BE COVERED:

 Review of basic tools of engineering economics.
 Software for techno-economic evaluation of renewable energy based power generation.
 Unit cost of renewable electricity and financial evaluation of renewable electricity projects
 Tariff fixation.
 Generation based incentives for renewable energy based power generation: Feed –in- Tariffs and
Renewable Energy Certificates.
 Environmental considerations and economics of renewable energy based power, carbon finance for
renewable power.
 Case studies

WHO MAY PARTICIPATE?

Engineers, Researchers, Scientists, Managers and other Executives working in the areas of renewable energy.

DATE AND VENUE:

Date: May 25-27, 2011
Venue: Centre for Energy Studies, IIT Delhi

FEES:

Rs. 15000/- (Payable by DD/cheque (Delhi A/c) in favour of “FITT, IIT Delhi”)

Last date for registration: 30th April, 2011

ACCOMMODATION

This is a non-residential programme. The participants are expected to make their own arrangements for stay. Subject to availability, the organizers will try to book accommodation on payment basis within the guest houses of IIT Delhi, if requested sufficiently in advance through the Registration Form.

Please send your registrations to:

Mr. K. K. Roy
Sr. Manager (Tech./Admn.)
Foundation for Innovation and
Technology Transfer (FITT)
Indian Institute of Technology Delhi (IIT),
Hauz Khas, New Delhi – 110016
Phone: 011- 2659 7285, 2659 7164
Fax: 011-2685 1169,
e-mail: kirityroy@yahoo.com,
uaswal@gmail.com

For further information please contact:

Coordinator
Prof. T. C. Kandpal
Centre of Energy Studies (CES)
Indian Institute of Technology (IIT) Delhi
Hauz Khas, New Delhi – 110016
Ph: 2659 1262
Email: tarak@ces.iitd.ac.in

Download full seminar papers At
http://www.enjineer.com/forum