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Matrikon to install US$1.94 million asset management solution at major power generator

The solution includes Matrikon’s intelligent plant data model, Operational InsightTM for web visualization, key performance indicator (KPI) display and reporting, and Electronic LogbookTM, a secure, auditable system for recording information and system changes. Matrikon will also install an IBM-Maximo computerized maintenance management system as part of the solution.

The facility includes a coal-fired generating plant and an adjacent coal mine that provides the plant with fuel. When the plant begins generation in 2011, it will supply power to approximately 2.5 million homes in nine states.

The asset management solution will enable the power company to reduce equipment breakdowns, cut maintenance costs, and improve efficiency. Through a single system, the power company will be able to track and manage asset conditions and performance across their entire enterprise. The system also allows the company to set short- and long-term maintenance schedules, manage inventory levels to ensure parts are available when required, and manage vendor contracts.

“Our extensive experience in the power industry coupled with our track record of successful Maximo implementations gave the power company confidence that we were the right technology partner to help them achieve an asset management system guided by best practices,” said Mike Brown, vice president of North American Solutions at Matrikon.

A key feature of the solution is its flexibility in meeting the power company’s future requirements. Other corporate systems, such as the finance and plant control system, can easily be integrated with the asset management solution and additional functions can be added as requirements grow.

With 30 certified IBM-Maximo consultants, Matrikon is a leading integrator of IBM-Maximo solutions. Matrikon’s solutions enhance Maximo to support condition-based monitoring and reliability centered maintenance initiatives. Matrikon’s Equipment Condition MonitorTM uses real-time plant data to drive these initiatives and its integration to Maximo is certified by IBM.

Matrikon, Operational Insight, Electronic Logbook and Equipment Condition Monitor are trademarks or registered trademarks of Matrikon Inc.

About Matrikon
Matrikon (www.matrikon.com) is a provider of industrial intelligence solutions that transform production data into the knowledge needed to anticipate problems and optimize operations - empowering and sustaining the achievement of operational excellence. With offices throughout North America, Australia, Europe and the Middle East, and clients who are industry leaders in the process industries, power generation and mining, Matrikon’s reach is global. Matrikon has been empowering excellence since 1988, and is traded on the Toronto Stock Exchange under the symbol MTK.

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