Consumption of various energy forms is essential in a progressive or modern society. From the usage of liquefied petroleum for domestic or household purposes to different usages in factories or in industries several energy forms are consumed. Petroleum and petroleum products are the widely used form of energies worldwide. Though these products have extreme utility its availability is being scarce and preservation of these products or energy forms is highly essential. The Indian institute of petroleum and energy Act 2017 was enacted on July 2017 with the aim of having an institute of national importance for the research, training or academic purposes of premium quality for any matters related to petroleum, hydro carbons and energy. The institute situates at Vishakhapatnam, Andhra Pradesh. The act has concise 45 section detailing all the purposes and functions of the institute.
Section 4 of the act states that the Institute is registered under Andhra Pradesh Societies Registration Act 2001 which has perpetual succession and power subject to the provisions of the Act. The courses offered by the institution on any subject with regard to petroleum, hydrocarbon and energy are opened to students from all over the country despite their caste, creed religion or any other factors of discrimination as per section 9 and section 11 respectively of the act. The General Council, the board of Governors, senate or any other authorities authorized by the statute are the authorities of the institute and according to section 17 Senate is the Principal academic body. The funds of the institution and its utilization are enumerated in section 24 and section 25. As per section 25 the setting up of an endowment fund for a specific purpose is another important feature of the act.
Statutes have a vital role in the functions of the institute including formation of any departments , academic units scholarships, fellowships and also the form of annual report as per section32 of the act. Ordinance making power is subject to section 34 from the admission of students to residence of students with prescribed fee.
Arbitration Tribunal has the authority to make final decisions on any legal disputes arising in the institute and the Tribunal has entire power and authority by virtue of this Act to regulate its procedure.
Section 41 deals with the Central Government’s power to issue and carry out directions for the administrative functions of the institute. The transitional provisions and the publishing of ordinances and statutes are detailed in section 44 and 45 respectively.
This act is a prominent enactment that enlightens on various perspectives of energy preservation and consumption through high quality educational courses that makes the institution an institution of not only of national importance but also in the international scenario of energy utilization and consumption. The institute is undoubtedly provide excellence in education and research in the arena of biofuels, petroleum products or updation of any matters related and have the qualification to make them excellent in the field of energy consumptions academically both in national and international standards.