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Case Study

Asset Management Framework for Genesis Energy

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The Challenge

Genesis Energy required support with improving the value and performance of its power generation assets, and a review of its approach to maintenance contracting. Specifically, Genesis wanted an asset management model appropriate for implementation across a suite of thermal, hydro and wind power generation assets, and the development of an improvement plan ‘roadmap’ with critical success factors aligned with the client’s specific objectives.

Our Approach

Advisian developed an implementation plan to guide the embedding of critical success factors into all areas of the generating assets. 

The plan included:

  • Assessment of the current performance against the agreed Asset Management Framework
  • Identification of the reasons for any performance gaps
  • Development of an improvement plan in the context of impact assessment, sequencing, ease of implementation and any timing constraints

We also completed a gap assessment against the PAS 55 Standard.

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The results

  • Purpose built Asset Management Framework
  • Maintenance services supported
  • High level of stakeholder participation and engagement
  • PAS 55 Gap Assessment completed

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General Content
Managing power assets for optimal performance