Strategies for the New Build Era in Utilities
By Celine Beck-Oracle on Jul 20, 2010
As international demand for electricity grows, one of the biggest challenges for Power Generation utilities will be to balance both short term and long term supply and demand. In spite of a drop in 2009, the World Energy Outlook 2009 Reference Scenario of the International Energy Agency predicts that energy demand will be 40% higher by 2030 than in 2007. Capacity additions of almost 5 times the existing capacity of the US will be required to meet growing energy needs (Source IEA).
As Utilities are embarking on new build programmes, one of the biggest challenges for them will be to efficiently collaborate and share information with Engineering, Procurement and Construction firms, suppliers and contractors. Another challenge will be to ensure that asset information being handed over is complete and reliable in order to ensure safe and efficient facility operations and maintenance.
Early involvement of Utilities in the Design & Build process and easy accessibility to engineering information helps provide greater transparency, facilitate communication and avoid unnecessary errors and delays. Usage of Enterprise Visualization solutions like Oracle AutoVue can be a tremendous asset at this stage of the project; owners and operators are able to digitally view, review, provide feedback and easily understand changes in the context of engineering designs and documents, streamlining the change order management process, expediting project delivery, and improving control over capital spending.
Owners and Operators can also take advantage of AutoVue's multi-format document visualization capabilities for data handover. Data handover is a formidable task that implies absorbing thousands of documents that were created by EPCs and contractors in a variety of formats. The faster Utilities can review, approve and upload this information into enterprise systems, the faster O&M teams can be ramped up and operationally ready for full production. Using AutoVue, Owners and Operators can quickly review documents and check their quality before making them available to plant engineers, facility managers and O&M staff.
Good and complete information handover is essential to starting O&M lifetimes on a good foot. However, once initial information is handed over, Owners and Operators will still need to put in place effective asset information strategy to help them overcome common obstacles likes poor user access, interoperability issues, as well as ineffective change management. We believe that AutoVue can be instrumental in that process, but this will be the topic of my next post, so stay tune for more info!
In the interim, I encourage you to read our AutoVue Utilities Brief to learn more about how AutoVue can help Utilities make the most out of their asset information, by making it available for decision making across all phases of the project and plant lifecycle.
Also, my fellow colleagues from Oracle PeopleSoft, Oracle Primavera and I will be discussing asset information management strategies during Oracle Open World 2010 in a session entitled Crafting an Effective Capital Program Infrastructure Applications Strategy (search for Session ID S318164 in Oracle Open World 2010 Content Builder for more info); we look forward to seeing you there!