Asset Management Strategy to Improve Substation Performance
Ashish Kumar Singh1,*, Avinash Sinha2 and Deepak Joshi3
1,2,3 Department of Electrical Engineering, IIMT group of colleges, Gr. Noida, U.P., India
Due to the economic burden imposed by deregulation, utilities are looking at new ways of operating and maintaining their assets. The utilities are concentrating at managing their substation assets. Financial managers try to maximize return-on-investment for each asset; substation maintenance managers try to maximize the value of each task. By minimizing unexpected breakdowns, we maximize return on capital investment. Asset criticality, reliability, and condition assessment plan key roles in helping to manage risk. By conducting reliability cantered maintenance as an overall strategy for critical asset management, a powerful enterprise system, like Meridium, bring together the information from across the enterprise to make effective decisions.
Keywords: RCM (Reliability Centered Maintenance), Deregulation, FMEA (Failure Mode and Effect Analysis), PM (Preventive Maintenance) and MTBF (Mean Time between Failure).
