Strengthening Our Manufactured Capital for Optimal Performance
Our geothermal steam fields and power plants currently enjoy high reliability and availability. While this performance is already commendable, we can still improve it and make it more consistent by improving equipment reliability and resilience to climate change and geohazards.
We developed our Natural Catastrophe Resiliency Program anchored on the principles of the United Nations’ Disaster Risk Management Framework. The program and its accompanying framework allows us to prioritize investments through the value-at-risk (VAR) approach to address our identified top risks related to natural catastrophes. The program is currently focused on mitigating four natural catastrophes, namely, landslides, flash floods, earthquakes, and typhoons.
Additionally, EDC has earmarked PhP700 million to further enhance resiliency and future-proof its assets.
Our geothermal steam fields and power plants currently enjoy high reliability and availability.
We developed an optimized maintenance program for more than 90,000 assets across our fleet, which cut unnecessary time-based maintenance activities, all while upgrading the asset health monitoring capabilities of our critical equipment. This greatly improved our outage performance and reduced our maintenance costs.
As part of the program, we also implemented a comprehensive IBM Maximo Enterprise Asset Management (EAM) System, which aims to provide a single platform for all our essential operations and maintenance processes. With this, we underscore the importance of system-based asset management to organizations.
Our 2020 Integrated Report
Our Integrated Report tells the story of our efforts to achieve our business objectives, hand-in-hand with our sustainability aspirations.