2014 Transmission Annual Planning Report Forum - Asset renewal

Some of TransGrid’s assets were built during the establishment of the transmission network in the 1950s and 1960s and are now reaching the end of their serviceable lives.

Our proposed asset renewal program comprises the most economic combination of replacement and refurbishment options for transmission equipment reaching a condition that reflects the end of its serviceable life. The condition based replacement program is essential to ensure the continued safety of staff, contractors, and the public and to maintain a reliable electricity supply.

TransGrid’s asset management system has been independently reviewed against the newly released international standard ISO55001. As a result of that review TransGrid is expecting to attain full certification later this year to ensure international best practice asset management standards continue to be achieved.

Watch Garrie Chubb, TransGrid Manager Asset Performance, speak about TransGrid’s Asset Renewal Program for the next five years.