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Person Sudhir K., JainProf. Sudhir K. Jain was the Founding Director of IIT Gandhinagar (IITGN) and held this office from June 2009 to January 2022. As the founding head of the institution, Prof. Jain was instrumental in building IIT Gandhinagar into a unique institution with a distinctive culture that is widely recognized within academic circles in India. - Some of the metrics are blocked by yourconsent settings
Publication Optimising power despatch: security constrained economic despatch initiative in Gujarat(Institute of Electrical and Electronics Engineers, 2025-12-07)The efficient, economic, and reliable operation of power systems is crucial for ensuring reliable electricity supply to the end users. As power system is evolving with increasing renewable energy integration, network complexity, and the need for real-time operational security, there is growing interest in upgrading existing despatch practices such as merit order despatch through advanced optimization techniques. Security constrained economic despatch (SCED) for state load despatch centres (SLDCs) is a complementary approach to support the transition towards smart, secure, and optimized power system operations. SCED incorporates all types of constraints like transmission constraints, generating unit constraints- declared capacity, technical minimum, ramp-up and ramp-down limits, etc. This work describes the SCED implementation for SLDC Gujarat from 15.06.2025-15.07.2025, for day-ahead and first window of real-time generation scheduling to take decision about the amount and price of power to be acquired from the electricity market. The optimization problem is formulated as linear programming to minimize the operational cost, respecting generating unit constraints (declared capacity, technical minimum, ramp-up, and ramp-down). The simulation study is carried out using the CPLEX solver in the GAMS software. - Some of the metrics are blocked by yourconsent settings
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Publication Sector coupling between green Hydrogen and steel: machine learning-based estimation of levelized cost of steel(Institute of Electrical and Electronics Engineers, 2025-12-07)As per the Paris Agreement of the 15th Conference of the Parties (COP 15), nations pledged to set their national decarbonization and Net Zero goals or Nationally Determined Contributions (NDCs) as part of a larger shared goal of preventing the rise of global average temperatures to more than 1.5°C compared to the pre-industrial average as per the recommendations of The Intergovernmental Panel on Climate Change (IPCC), to avoid the possibilities of large scale irreversible climate catastrophes emerging from the effects of global warming. Accordingly, India has also set its ambitions to go Net Zero by 2070. Also, as per India’s NDC, targets have been set for various carbon-intensive industries like Oil & Gas, Power, Cement, Transport, Steel, etc. Amidst these pledges and targets that span across sectors, green hydrogen is emerging as a key technology with a promise to decarbonize several of these end-uses, as a chemical feedstock in some, while as an energy source in others. However, not all end-uses are equal in their technological readiness or maturity to adopt green hydrogen economically and at scale. In this paper, the possibility of sector coupling between green hydrogen and steel is studied and quantified at the most granular detail (site-level), as steel is one of the most carbon-intensive and critical sectors and must be abated if a nation is to fulfill its NDCs. Steel facility level optimization results available in the public domain are referenced, and an in-house Machine Learning (ML) Modeling framework is developed to estimate the Levelized Cost of Steel (LCOS) based on the Renewable Energy (RE) characteristics of specific geolocations. The correlation between the modeled LCOS and the Levelized Cost of Hydrogen (LCOH) at those geolocations is computed, whereby the presence of a moderately positive correlation between the two commodities would establish grounds for sector coupling. - Some of the metrics are blocked by yourconsent settings
Publication Shock-proofing the grid: readiness of Indian electricity markets for futures-based hedging instruments(Institute of Electrical and Electronics Engineers, 2025-12-07)India's electricity market, centered around the volatile Day-Ahead Market, presents significant financial risk to participants. The recent introduction of electricity futures offers a potential hedging solution, but adoption is hindered by a nascent market structure and a critical lack of liquidity beyond the front-month contract. This study provides a quantitative, simulation-based evaluation of the efficacy of these new instruments. A synthetic historical futures price series is constructed for a forty-month period based on an analysis of observed market premiums in both contango and backwardation states. The performance of three distinct hedging archetypes, Conservative, Moderate, and Aggressive, is then back-tested against historical spot price data. A bootstrap statistical test is employed to validate the robustness of the findings. The results demonstrate that dynamic hedging strategies yield statistically significant mean monthly savings of approximately one to one-point-five percent. The Moderate, volatility-triggered strategy is identified as optimal from a risk-adjusted perspective, delivering both cost savings and the highest degree of cost stability. This paper provides the first empirical evidence to motivate broader participation from stakeholders, arguing that active, data-driven hedging is a viable strategy to mitigate risk and can help overcome the initial liquidity barriers in the Indian electricity derivatives market.
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