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Background of the programme

The entire power and energy sector, globally, is experiencing a huge

transformation in terms of investment in technology, loss reduction

program, quality power to all and shifting dependency from fossil fuel

to renewable as Zero Carbon 2050 target. Indian scenario, being the
most diverse in the world, huge initiative and investments are

continuously put in driving a significant change in consumer

experience, increased per capita energy usage as well as meeting

country wide growing demand. Electricity is in the Concurrent List of

Indian Constitution, and energy as a utility is under regulated regime

wherein tariff is based on pass-on-cost model. This unique facet of the

energy industry demands professionals to address the emerging trends

in governance, risk management and compliance and effective internal

controls so that objectives of both, policy makers and regulators are

met.

Digitization has become an integral part of electricity industry today.

From smart metering, scheduling, power trading to generation,

transmission and grid management have all become highly IT

integrated today. Along with this digitization there has been a paradigm

change in the risks, controls and governance related to each of these

complex processes. Hence auditors / risk management professionals

require a unique set of knowledge and skills to cater to this industry

today.

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