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MISSION


  • The power generation industry is at the crossroads. Decreasing renewable energy costs, decline in power demand, stricter emission regulations and ageing infrastructure are some of the biggest complexities that the industry is facing today.

  • Digitalisation holds great promise for gencos to thrive despite these challenges. With digital technologies, the power generation industry could fundamentally transform itself by improving power plant efficiency, reducing O&M costs, lowering unplanned outages and extending the operational life of assets.

  • Digital technologies are not new for generation utilities, which have been using control and monitoring systems, networked communication, etc. for the past few years. That said, utilities can now look at leveraging new state-of-the art digital technologies, such as IoT, cloud-based platforms, advanced analytics, predictive data analytics, asset performance management softwares, smart sensors, intelligent forecasting solutions, etc., for deriving actionable insights to fulfil their critical needs.

  • Further, digitalisation can be leveraged for supporting flexibilisation. Thermal power plants would be increasingly required to offset the fluctuations in the grid caused by renewable projects. By equipping existing plants with advanced analytics, generation units could be taken out of and put back into service more quickly.

  • Digitalisation can also improve efficiencies of the main plant equipment, as well as the emission control systems, fuel management systems and balance of plant (BoP) systems on a real-time basis. With digital solutions, plant operators can benefit from asset optimisation, enhanced equipment life, and improved data visibility across the fleet or in individual plants. In addition, they can help achieve compliance with emission norms.

  • For renewable energy projects that need to maintain their cost-competitiveness with other forms of electricity, digital technologies and solutions such as sensors and data storage can play a key role in areas such as project execution, site selection for new projects, plant availability and performance improvements.

  • While the opportunities and benefits of digitalisation are many, it also makes utilities more vulnerable to cybersecurity attacks. Utilities will therefore need to proactively manage risks that data and physical assets face and maintain best practices to keep systems secure and up to date.

  • Going forward, as utilities decide the digital platforms to plan for and invest in, they will also need to review their organisational and technical capabilities and identify right technology partners to work with. .

  • The mission of this conference is to highlight the digitalisation needs and requirements of gencos, examine its role in the power generation industry and discuss the issues and concerns that need to be addressed for the successful uptake of digital technologies and solutions. It will also showcase the latest innovations and the most promising and relevant technologies.

 
     
 
       
 
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