3. OPERATIONAL PERSPECTIVE From an operational perspective, our focus is on (a) to maintain and improve reliability and availability of our generating units, (b) improving our fuel efficiency, (c) reducing our operating costs and (d) effectively managing our projects under construction.
(a) Maintain and improving reliability and capacity utilization Our plant capacity utilization can be improved through capacity enhancement measures and reducing the amount of unplanned outage or reducing the days needed for scheduled maintenance. We continually seek to improve our performance in all areas through various measures, such as condition and performance monitoring, preventive and effective maintenance and reduction of forced outages through root cause analysis and enhanced operating procedures. (b) Improving fuel efficiency Fuel is a major cost item for us and our fuel efficiency is an important driver of our profitability. We seek to continually improve our operational efficiency by optimizing dispatch, critical equipment performance monitoring, work processes and energy loss monitoring and mitigation.
(c) Reduce operational costs We seek to minimize our operational and maintenance costs without compromising fulfilling contractual obligations to supply to customers or reliability of the plants by creating transparency in the manner and timing at which the costs are incurred and by exercising good judgment with respect to the need for those expenses. We have a focus on cost management through reliable systems and control procedures. In the future, we hope to be able to enter into a long term parts agreement with the original equipment manufacturer for supplying gas turbine parts to Glow IPP which would result in cost reductions. Our relationship with and technical support from GDF SUEZ S.A. and the increase in number of gas turbine units within the group enables us negotiate effectively with suppliers and to source equipment and parts on competitive terms. (d) Execute projects effectively We are, on an ongoing basis, either constructing new power plants to serve new customers’ demand, implementing projects to enhance performance and/or constructing distribution lines to our customers. These projects are handled by a dedicated team of employees in an organized and prudent manner in order to avoid delay, poor performance and the financial consequences thereof.
Glow Energy Public Company Limited
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