Don't miss MaximoWorld 2024, the premier conference on AI for asset management!

Experience the future of asset management with cutting-edge AI at MaximoWorld 2024.

Sign Up

Please use your business email address if applicable

ICE awards 3-year contract to an international consortium

ice image one

Jose Conejo, Project Manager, ICE, John Woodhouse, CEO, TWPL, Gravin Mayorga CEO, ICE Energy, Alberto Ramirez, Director of Power Generation Economic Unit, ICE, Michael Urena, SOIMSA and Jose Duran, Operations Director, América Latina (from left to right)

TWPL and SOIMSA are delighted to announce that they have been awarded a substantial contract with ICE to develop and implement a comprehensive approach to risk, maintenance and asset management. ICE owns 29 electric power stations across Costa Rica. The collaboration between SOIMSA’s local expertise and TWPL’s international best practice experience and mentoring, was identified as offering a uniquely effective approach to the necessary mix of technical solutions, education, culture change, more integrated business processes and a pragmatic, prioritised improvement programme.

ICE Moin Plant, Costa Rica

ICE Moin Plant, Costa Rica

The project will be underpinned by the BSI PAS 55 standard for optimal, whole life cycle management of physical assets. PAS 55 provides 28-point requirements specification that is increasingly recognised around the world as a benchmark of good practices. The ICE project will involve many of the issues and challenges addressed in PAS 55, moving a traditional power generation company forward to the leading edge of risk-based investment prioritisation and optimal operations, maintenance and spares for existing systems. TWPL has a long-establish international reputation for successful implementation of such complex asset management projects, leading organisational transformation programmes, providing education and practical solutions to cost, risk, performance and sustainability problems. The company has developed, for example, some of the world’s leading decision support tools for evaluating and optimising maintenance, spares, asset replacement and other critical strategies, including full quantification of cost/risk/performance and whole life cycle impact.

José Durán, Latin America Operations Director for TWPL, observes: “Like many such organisations around the world, ICE is trying to juggle the requirements of rapidly increasing system demand with tight costs controls, regulatory expectations and aging infrastructure. We are delighted to join forces with SOIMSA to help establish good practices and better education in reliability and maintenance, in line with PAS 55 requirements for sustainable asset management.”

SOIMSA are based in Costa Rica and, for the past 10 years, have been regional leaders in the implementation of diagnostics and predictive maintenance techniques. They offer a complete range of technology solutions and services, and represent many of the leading international specialist firms in the condition monitoring field. Michael Ureña, General Manager of SOIMSA, commented: “Our relationship with TWPL has been developing for a few years and the ICE project provides a great opportunity to pool expert knowledge, experience and expertise. Together we face a significant challenge but we are very excited about working together further and believe that we can deliver the best possible asset management solutions to ICE.”

For more information, please contact:

Julie Fowler
Education & Communications Department
The Woodhouse Partnership Ltd
Tel: + 44 (0) 1635 298800

Notes to Editors:

The Woodhouse Partnership Ltd (TWPL) is a consortium of former senior managers of blue-chip organisations, each with over 20 years of firsthand experience in complex industrial asset management. It is a world-leading authority and source of expertise and education in the physical asset management in many industrial sectors. It has been providing leadership and resources to the development of the PAS 55 standard (now selected as the basis for a forthcoming ISO standard for asset management) and many of the leading education programmes and R&D initiatives in the optimal management of physical assets for over 15 years. The company has offices in the UK, USA and Latin America, with clients in over 25 countries. See

Solución en Ingeniería y Mantenimiento Yireh S. A. (SOIMSA) are Central America regional leaders in the implementation of predictive maintenance and offers customers a complete range of technology solutions for measuring and diagnostic monitoring electrical, mechanical and similar. They also provide full technical and warranty support for most prestigious manufacturers of measuring instruments. For over 10 years, they have advised on investment for equipment, training in the operation and implementation of screening programmes, based on each of the predictive maintenance techniques. See

Instituto Costarricense de Electricidad (ICE) is the Costa Rican public sector electricity and telecommunications services provider. Over the past 59 years it has been central to the development of Costa Rica’s infrastructure in the generation, transmissions and distribution of electricity and operating and maintaining power plants in Costs Rica. Primary power generation is via hydroelectric plants in 6 major installations, managed from head offices in capital San Jose. See

 ICE Plants

 ice plant moin


ice plant arenal


 ice plants miguel dengo


ice plants sandillal


Costa Rica is reputed to be the only country in the world to have no army, and has invested heavily in the eco-tourism industry to safeguard its recognised national assets of rainforest, coral coastlines and spectacular mountain scenery. See

ChatGPT with
Find Your Answers Fast