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2003 Course Restructuring & Deregulation (Elective I)

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Total No. of Questions : 12] P 1208 [Total No. of Pages : 2 [3664] - 186 B.E. (Electrical) RESTRUCTURING AND DEREGULATION (2003 Course) (Elective - I) Time : 3 Hours] [Max. Marks : 100 Instructions to the candidates: 1) Answer any three questions from each section. 2) Answers to the two sections should be written in separate answer books. 3) Neat diagrams must be drawn wherever necessary. 4) Figures to the right indicate full marks. 5) Use of electronic pocket calculator and steam tables is allowed. 6) Assume suitable data, if necessary. SECTION - I Q1) a) b) Explain institutional structure of power sector in India during the phase of regulatory reforms. [8] What are the objectives of Electricity act 2003? State various national policies and guidelines under this act. [8] OR Q2) a) b) State the challenges before Indian Power Sector. [8] Explain functions of Central Electricity Authority and Ministry of Power. [8] Q3) a) Elaborate the concepts : [10] i) Capital cost. ii) Debt and equity. iii) Fixed and variable cost. iv) Working capital. v) Life cycle cost. State the desirable characteristics of tariff as well as factors governing [8] tariff. b) OR Q4) a) b) c) Explain the term depreciation. Describe various methods to determine it.[8] Cash flows for an industrial project are shown in the following table. Calculate the net present values at the discount rates of 10%. Analyse whether the project is economically justified. [6] Year 0 1 2 3 4 Cash flow (Rs.) 2,00,000 75,000 60,000 55,000 50,000 Explain the concepts of subsidy and cross subsidy. [4] P.T.O. Q5) a) b) State and explain types and methods of regulation. [10] Explain the role and evolution of regulatory commissions in India. [6] OR Q6) a) b) Explain the non price issues in regulation. [10] Explain the roles of Central Electricity Regulatory Commission (CERC) and State Regulatory Commission in the power sector. [6] SECTION - II Q7) a) b) Explain wholesale competition and retail competition model based on industry structure. [8] Explain various ownership models. [8] OR Q8) a) b) Explain electricity reforms in Nordic pool and UK. Explain electricity reforms in Maharashtra and Orissa. Q9) a) Explain rules that govern the electricity markets. Also state peculiarities [8] of electricity as a commodity. Explain wheeling trading model in details. [8] b) [8] [8] OR Q10)a) b) Compare integrated trading model and decentralized trading model. [8] Explain retail access framework, competing retailers, metering and accounting issues. [8] Q11)a) State the importance of transmission pricing under open access conditions. Explain various methods of transmission pricing. [10] Write a detailed note on Availability Based Tariff (ABT). [8] b) OR Q12)Write brief notes on : a) Ancillary services. b) Grid codes. c) Methods of congestion management. [3664] - 186 -2- [18]

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