Powerlink Queensland, the electricity transmission services provider in Queensland, is the first organization in Australia to adopt Copperleaf C55 Asset Investment Planning and Management (AIPM) solution.
Powerlink is a Government Owned Corporation that owns, develops, operates and maintains the high voltage electricity transmission network that extends 1700 km from north of Cairns to the New South Wales border.
A key driver for Powerlink's Investment and Planning Division is establishing and communicating an optimized five-year forecast of project work to meet service levels and manage network risks. Powerlink required a solution that helped assess the change in risk associated with network assets, and select the optimal portfolio of projects to manage those risks.
Copperleaf C55 provided a platform to evaluate the benefits and trade-offs between all of these projects more effectively, and to determine an appropriate plan that can be executed within Powerlink's budget and resource constraints.
"We are thrilled to be working with Powerlink and supporting them to achieve their business goals," stated Jason Apps, ARMS Reliability CEO. "Copperleaf C55 is quickly gaining global recognition as a leading solution for asset investment planning in power and utilities and we are excited about the opportunity that this represents in establishing a recognised benchmark within the Australian market."
"This is an exciting time for our industry. More and more organizations around the world are adopting best practices in asset management and seeking decision analytics solutions to support their investment planning and the Australia and New Zealand market is no exception," stated Judi Hess, Copperleaf CEO. "We are delighted to welcome Powerlink to the Copperleaf Community, and look forward to working closely with ARMS Reliability to build a strong market for Copperleaf C55 in this region."