Asset Management in the Power Sector: Keeping the Grid Running

Asset management engineers are responsible for the long-term reliability of electricity infrastructure. They make decisions about when to repair, replace, or upgrade assets, ensuring a balance between cost and performance.

The Role of Asset Management in the Power Industry

• Extending the life of aging infrastructure to prevent costly failures.

• Optimising maintenance strategies to reduce downtime.

• Assessing risk factors that affect network stability.

Featured Roles

• Senior Equipment Engineer (SA Power Networks) – (Peter Scoles): Evaluates grid reliability and recommends investment strategies.

• Asset Manager (Horizon Power) – Michael Maguang: Uses data analysis to predict asset failures before they occur.

Career Pathway into Asset Management

• Develop skills in engineering risk assessment and lifecycle analysis.

• Pursue certifications in asset management standards (e.g., ISO 55000).

• Seek opportunities in utilities or consulting firms specialising in power infrastructure.

Asset management professionals play a key role in ensuring the electricity system remains robust and cost-efficient!