Asset management excellence has many definitions. For Merdian Energy, New Zealand’s largest state-owned electricity generator, it means maximizing the life cycle benefits and delivering the greatest return to shareholders. Meridian Energy has implemented Matrikon's Equipment Condition Monitoring system to care for assets.
Neil Gregory of Meridian Energy Ltd. delivered this paper at the World Congress on Engineering Asset Management in June 2007. This paper has been made available with permission from Meridian Energy Ltd.
Download this paper to learn how Equipment Condition Monitor creates plant condition information by integrating:
- engineering expertise
- standards and limits
- factory test data
- mathematical models and rules
- historical operational data