Energy Economics & Management - [2721008]

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Teaching Scheme

Theory
Tutorial Practical Total
3 0 2 5

Examination Scheme

Theory Examination Practical Examination Total
ESE (E) PA (M) ESE Viva (V) PA (I)
70 30 30 20 150

    ESE = End Semester Examination, PA = Progressive Assessment


Semester   
:   
2
Course Type   
:   
Elective
Credit   
:   
5

Syllabus Content

Introduction to Energy Economics and Management, Overview of World Energy Scenario, Overview of India’s Energy Scenario
Initial and Annual Costs, Present Worth Calculation, Repayment of Loan in Equal Annual Instalments, Annual Saving, Cumulative Saving and Life Cycle Savings, Economic Analysis of Add-on Solar System, Payback Period, Clean Development Mechanisms, Time Value of Money, Internal Rate of Return (IRR), Net Present Value (NPV), carbon credit calculation
Importance of energy management, Country Energy Balance, Energy efficiency in thermal utilities like boilers, furnaces, steam systems, cogeneration utilities, waste heat recovery. Energy efficiency in electrical utilities like electric motors, compressed air systems, HVAC&R systems, fans and blowers, pumps, cooling tower and lighting systems. Applications of non-conventional and renewable energy sources

Reference Books

SrTitleAuthorPublicationAmazon Link
1Solar Energy: Principles of Thermal Collection and StorageS P SukhatmeMcGraw-Hill   
2Energy Management and Conservation HandbookFrank Kreith and D Yogi GoswamiCRC Press   
3Energy Economics: Concepts, Issues, Markets and GovernanceS C BhattacharyyaSpringer   
4Introduction to Environment ManagementM M SulpheyPHI learning   

Course Outcome

After learning the course the students should be able to:

  • Understand the current domestic and global energy scenario.
  • Understand the energy economics.
  • Understand energy management to minimize the use of energy by its effective utilization for various applications.