Energy Management - MBA / PGDM in Energy Management

By Tanmoy Chatterjee

PGDM in Energy Management helps students to gain experience of making key decisions on business functions and knowledge at strategic level of energy industry modules.

Energy Management is a very important tool for an organization to plan and operate energy production and energy consumption goals. Achieving these goals helps organizations to become economically competitive in the global marketplace. Through Energy Management organizations are able to procure, convert, and distribute the energy sustainably as per the requirement.

Why Do We Need Energy Management?

There is height of paradox about India-the global leader with a GDP of 7.3%. The paradox is the huge wastage of energy. If this continues one day India will have to buy power from other countries to meet its continuously growing energy needs. In recent times India has shown tremendous growth and development in various industrial sectors. To continue with this growth India need huge quantity of energy. India’s energy consumption is mostly dependent on fossil fuel and as per the report of Bureau of Energy Efficiency India has only 100 years of energy storage and due to this power cost is more. To reduce the bills we need to exploit non conventional sources of energy. India is also investing in renewable energy sector. Investment on renewable energy in India will reach up to 225GW by 2030. It is not an easy task to manage a proper balance between the energy obtained from conventional and non conventional energy resources by an organization. Here comes the need of Energy Management.

Industries need Energy Management specialists to make the company more efficient in terms of its energy utilization. Industry needs efficient Energy Management specialists to have a contribution to reduce the gap between profit and loss by required Energy Management techniques. This will improve return on investment. Many industrial sectors has developed an integrated approach called “Total Quality Management” to control energy operation and its expenses.

India’s Current Situation in Energy Management

Energy Management market size in India is growing very rapidly during last five years as per the latest trends it will reach $2145 million in next five years. The growth rate of CAGR is 19.1%. To summarize India’s energy policies 3As’ are identified availability, access and affordability. India’s energy usage has become double since 2000 due to high population growth, although the per capita consumption is one third of the global average. India’s energy strategy is mainly depends on balance between clean coal and renewable energy sources. India is one of the fastest growing economies in the world. The growth will be nearly 8% in next 15 years. In such expansion energy will play a major role and in that energy managers are the key contributor.

Why PGDM in Energy Management?

PGDM in Energy Management helps students to gain experience of making key decisions on business functions and knowledge at strategic level of energy industry modules. This specialized field of study helps students to meet the global need in energy sector on managerial aspects.

Expectations from This Course

Students pursuing PGDM in Energy Management will efficiently deal with the management of energy, energy audit, energy consultation as required by the industry. They will become an expert to bridge the gap between technology, business and sustainability.

Career Prospects after PGDM in Energy Management

Organizations need peoples who are equipped with energy management skills. Students after completing PGDM in energy management will become energy managers, energy auditors, energy consultants, energy and economic analysts, Utility and Energy analysts, Utility energy consultants.

Certifications Available

There are certain certifications on Energy Management are required with the progress of one’s career. In India to become a certified energy manager and auditor people are required to pass national certification exam conducted by Bureau of Energy Efficiency, Government of India. Certification on Energy Management is also provided by Association of Energy Engineers. Currently the block chain technology and the Big Data is also being used by the energy managers for efficient energy management. 

About the Author:

Tanmoy Chatterjee is currently pursing PGDM in energy management at NTPC School of Business. Prior joining to this course he worked in IBM India as a team lead of basis module of an SAP ERP project. He had done master of electrical engineering from Jadavpur University, Kolkata. He has two IEEE international conference publications and one Springer journal publication.