3 Strategies for Power Plant Lifecycle Cost Analysis to Increase Your Asset Profitability
Managing power plants is a constant battle against the risks and uncertainties of equipment aging, staffing issues and environmental factors. Without a doubt, one of the greatest challenges in accurately estimating lifecycle costs is the unpredictability of equipment failure. Even with regular scheduled inspections, sudden failures can drive up repair & maintenance costs unexpectedly, especially for assets which have crossed the 10-12 year age threshold.
This article looks at how can power plant owners gain full visibility over asset lifecycle costs to increase overall profitability.
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