News & Events-Frazer-Nash delivers asset management benefits to Thailand's Provincial Electrical Authority

Frazer-Nash Consultancy has supported Thailand's Provincial Electricity Authority (PEA) with a programme to manage its £8.6 million (US$11.18 million) of assets − including 543 substations and 270,000 distribution transformers.

PEA supplies electricity to 99% of Thailand (the whole country with the exception of central Bangkok, Samut Prakarn province and Nonthaburi province), and is aiming to deliver improvements to its business and consumers through optimising the performance of its assets, improving the efficiency of its processes and procedures, and reducing costs - whilst ensuring the continued delivery of essential energy to its customers.

Project manager, Alexandra Knight, explains:

"Frazer-Nash worked with Chiang Mai University International College and the University of Strathclyde to develop an Asset Management Roadmap which lays out the short-, medium- and long-term activities needed to create and implement PEA's proposed new asset management system.

"We helped PEA prepare a strategic asset management plan, setting the vision and strategy for the business to achieve the benefits of improved asset management.

"Good asset management can help PEA - and any organisation - to get better returns on its investments, realise increased value from its assets, and manage risks to performance, safety and reputation. It can also help ensure that assets are compliant with legal, statutory and regulatory requirements, essential within a highly-regulated sector such as the energy industry."

Professor Campbell Booth from the University of Strathclyde worked closely with Frazer-Nash to deliver this project and comments: "Our team approach with Frazer-Nash was very effective in providing real value to PEA. The University of Strathclyde delivered a number of Asset Management training modules in country to a large class of PEA employees, who are now better equipped to implement the Asset Management Roadmap that Frazer-Nash developed."

PEA will be working towards attaining ISO 55001 certification, and Frazer-Nash has undertaken a gap analysis to benchmark its current asset management system against the international standard and to highlight areas for improvement.