The needs of the grid are rapidly evolving. This changes the context in which asset managers traditionally have operated. As a result, some asset classes will be progressively phased out while new ones are deployed and commissioned.
Traditional asset management techniques must adapt. Assets will have to meet new objectives. They will also need to operate and be maintained under new regimes. This calls for the development and implementation of more agile and effective risk-based methodologies to make prudent decisions around asset investment. Archana will share how some of these challenges are being addressed at Western Power.