Woodhouse asset management deal with Costa Rican power company
4 Oct 2011
London — ICE, the major electrical utility company of Costa Rica, has awarded a three-year contract to an international consortium, between asset management consultancy TWPL and condition monitoring company SOIMSA.
TWPL and Costa Rica-based SOIMSA are to develop and implement an approach to risk, maintenance and asset management for ICE, which owns 29 electric power stations across Costa Rica.
The project will be underpinned by the BSI PAS 55 standard for optimal, whole life cycle management of physical assets. PAS 55 provides 28-point requirements specification that is increasingly recognised around the world as a benchmark of good practices.
The ICE project will involve many of the issues and challenges addressed in PAS 55, moving a traditional power generation company forward to the leading edge of risk-based investment prioritisation and optimal operations, maintenance and spares for existing systems.
TWPL has a long-establish international reputation for successful implementation of such complex asset management projects, leading organisational transformation programmes, providing education and practical solutions to cost, risk, performance and sustainability problems. \
The company has developed, for example, some of the world’s leading decision support tools for evaluating and optimising maintenance, spares, asset replacement and other critical strategies, including full quantification of cost/risk/performance and whole life cycle impact.
“Like many such organisations around the world, ICE is trying to juggle the requirements of rapidly increasing system demand with tight costs controls, regulatory expectations and aging infrastructure,” said José Durán, Latin America operations director for TWPL.
We are [joining] forces with SOIMSA to help establish good practices and better education in reliability and maintenance, in line with PAS 55 requirements for sustainable asset management.”
SOIMSA claims to be a regional leader in the implementation of diagnostics and predictive maintenance techniques, and represents international specialist firms in the condition monitoring field.
“Our relationship with TWPL has been developing for a few years and the ICE project provides a great opportunity to pool expert knowledge, experience and expertise,” said Michael Ureña, general manager of SOIMSA.
