General Electric (GE) has begun digitalizing thermal and renewable energy power portfolio for Indian electric utility firm Tata Power’s thermal business, the American multinational conglomerate said in a statement on Thursday.
The company said it has implemented 'the first Predix Asset Performance Management (APM) solution' in India for Tata Power’s thermal business.
The APM implementation is one of two agreements that GE won in India to optimize approximately 8 gigawatts (GW) of Tata Power’s thermal and renewable energy power portfolio by using digital solutions.
GE said it is also implementing the Reliability Centered Maintenance (RCM) solutions for Tata Power’s thermal assets across nine sites in India for a period of seven years.
'This technology will help improve asset reliability and availability while reducing O&M [operation and maintenance] costs. GE remains committed to improve India’s thermal assets, thereby moving the country forward in its journey towards cleaner power,' Andrew DeLeone, Managing Director, GE Power India Ltd. said in the statement.
Praveer Sinha, CEO of Tata Power, said the firm's aim is to upgrade its assets with state-of-the-art technology, and added 'GE has provided a noteworthy contribution to fulfill our vision of digitizing our thermal and renewable assets.'
GE said its APM solution has helped customers around the world improve the reliability of their power generating machines, decreasing the duration of unplanned downtime up to 5 percent, reducing false positive alerts up to 75 percent, and lowering overall operations and maintenance costs.
By Ovunc Kutlu