Power Risk Engineering Report: Key Information Guidelines for - - PowerPoint PPT Presentation

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Power Risk Engineering Report: Key Information Guidelines for - - PowerPoint PPT Presentation

Jan 22, 2023 496 likes •927 views

Center for Enterprise Risk Management Power Risk Engineering Report: Key Information Guidelines for Insurance Risk Assessment Ahsan Jamal Risk Engineer Agenda Introduction General Principles Key Information Requirements Executive Summary

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SLIDE 1

Center for Enterprise Risk Management

Power Risk Engineering Report:

Key Information Guidelines for Insurance Risk Assessment

Ahsan Jamal Risk Engineer

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SLIDE 2

Agenda

Introduction General Principles Key Information Requirements

  • Executive Summary
  • Plant Status
  • Exposure Assessment
  • Loss Prevention
  • Loss Mitigation

Risk Improvement Recommendations

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SLIDE 3

Introduction

Purpose

  • Outline Key Information requirements for Power Risk Engineering Reports
  • Provide guidance to:
  • Risk Engineers
  • Underwriters
  • Insurance Managers
  • Plant Engineers
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SLIDE 4

Introduction

Scope

  • Outline STANDARD information for Power Risk Surveys
  • Identify KEY items of interest to (Re)insurers
  • Developed by Lloyd’s Market Association (LMA) + London Market

Engineers

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SLIDE 5

General Principles

  • Primary customer
  • Report length
  • Evidence based opinion
  • Implementation and compliance
  • Information not provided
  • Performance data

Pitfalls to be AVOIDED

X Lengthy narrative X Repetition X Creep X Generic text

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SLIDE 6

Introduction

Performance data: Examples

  • Operational Stats
  • Key Performance Indicators
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SLIDE 7

Key Information Requirements

Executive Summary

Introduction

  • Purpose & Scope
  • Date and duration
  • Previous survey information
  • Key survey participants
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SLIDE 8

Key Information Requirements

Executive Summary

Overview

  • Brief history, year built, COD
  • Brief Plant description
  • Site location & NATCAT exposures
  • Ownership & management
  • Future development projects / upgrades
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SLIDE 9

Key Information Requirements

Executive Summary

Comments and conclusions

  • Strengths and Risk Improvement areas
  • Engineering issues – equipment hardware
  • Management systems
  • Loss history (last 05 years)
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SLIDE 10

Key Information Requirements

Plant Status

Site description

  • Site aerial view
  • Site geo-coordinates
  • Total area
  • Third party exposures

Plant A

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SLIDE 11

Key Information Requirements

Plant Status

Plant description

  • Site history
  • Ownership
  • O&M contract
  • COD
  • Plant upgrades
  • Construction [Foundation details, Use of any flammable materials]
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SLIDE 12

Key Information Requirements

Plant Status

Plant description

  • Layout drawing (scaled)
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SLIDE 13

Key Information Requirements

Plant Status

Plant description

  • Spatial separation & segregation
  • Fuel handling
  • Storage facilities
  • Powerhouse
  • Switchyard
  • Boilers
  • Turbines
  • Transformers
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SLIDE 14

Key Information Requirements

Plant Status

Plant description

  • Containment / Drainage for main flammable substances
  • Turbine generator lubricating oil tanks
  • Generator seal oil skids
  • Turbine control oil skids
  • Hydrogen for generator cooling
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SLIDE 15

Key Information Requirements

Plant Status

Plant description

  • Cable tunnels / Cable spread rooms
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SLIDE 16

Key Information Requirements

Plant Status

Plant description

  • Control Room
  • Design & location
  • Control systems hardware
  • Age
  • Availability of spares & obsolescence
  • Shutdown & emergency control systems
  • Boiler burner management & flame monitoring system
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SLIDE 17

Key Information Requirements

Plant Status

Plant description

  • Advanced monitoring systems
  • Online vibration monitoring for turbine generators
  • Transformer online DGA
  • Generator online PD monitoring
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SLIDE 18

Key Information Requirements

Plant Status

Plant description

  • Fuel storage & Handling facilities
  • Bunding arrangement
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SLIDE 19

Key Information Requirements

Plant Status

Plant description

  • Major equipment
  • GTs
  • ST
  • Boilers
  • HRSGs
  • Transformers
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SLIDE 20

Key Information Requirements

Plant Status

Plant description

  • Balance of Plant (BOP)
  • Redundancy (e.g. 2x100%)
  • Spares availability
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SLIDE 21

Key Information Requirements

Plant Status

Plant description

  • Loss and Incident History
  • Incident / Loss description
  • Date of loss
  • Amount of loss (including < deductible)
  • Loss history (up to 5 years)
  • Loss causation / RCA
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SLIDE 22

Key Information Requirements

Exposure Assessment

Exposures

  • Fire & Explosion
  • Technology risks
  • NATCAT (including physical & procedural controls)
  • Flood zone (historical flooding)
  • Third party operations (onsite / offsite)
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SLIDE 23

Key Information Requirements

Exposure Assessment

Exposures

  • NATCAT
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SLIDE 24

Key Information Requirements

Exposure Assessment

Values

  • Property Damage (PD)
  • Insurance valuation
  • Industry benchmark
  • Breakup of values
  • Basis of values used in EML / MPL calculations
  • Business Interruption (BI)
  • Basis of BI sum insured (e.g. gross profit)
  • Take or Pay agreement
  • Seasonal impact on BI exposure
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SLIDE 25

Key Information Requirements

Exposure Assessment

Loss Estimates

  • EML / MPL
  • Catastrophic / worst loss event
  • All active protection systems are non-operational
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SLIDE 26

Key Information Requirements

Exposure Assessment

Loss Estimates

  • EML / MPL

Loss Estimate Scenario PD (USD million) BI (MW / months /USD million) Combined PD+ BI (USD million)

Property Damage Fire involving gas turbine and HRSG 66 130 MW / 6 months / 100 166 Machinery Breakdown Steam turbine generator foreign object damage 100 130 MW / 18 months / 300 400

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SLIDE 27

Key Information Requirements

Loss Prevention

Management & Organization

  • Site Organogram (high level positions)
  • Recent or proposed changes
  • Adequacy of staff in critical positions
  • Staff turnover
  • Staff training & background
  • Management of Change (MoC) procedure
  • Management procedures
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SLIDE 28

Key Information Requirements

Loss Prevention

Operations

  • Organization
  • Shift operations
  • Staff average experience
  • Shift handover procedures
  • SOPs and drawings
  • Certifications (ISO 9001, 14001 & OHSAS 18001)
  • Technical support
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SLIDE 29

Key Information Requirements

Loss Prevention

Operations

  • Training & Competence Assurance
  • Training & certification process
  • Competency definition & assessment
  • Refresher training program for critical SOPs
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SLIDE 30

Key Information Requirements

Loss Prevention

Operations

  • Permit to Work (PTW)
  • PTW system (existing v/s industry best practice)
  • Compliance (Audit process & KPI)
  • Housekeeping
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SLIDE 31

Key Information Requirements

Loss Prevention

Operations

  • Equipment Isolation
  • Procedure (existing v/s industry best practice)
  • Compliance (Audit process, documentation review)
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SLIDE 32

Key Information Requirements

Loss Prevention

Operations

  • Operational Testing Routines
  • Details & frequency of testing regime
  • Turbine over speed trips
  • DC emergency oil pumps
  • Emergency generators (full load)
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SLIDE 33

Key Information Requirements

Loss Prevention

Maintenance

  • Organization
  • Organogram (no. of staff)
  • Vacant position & staff turnover
  • Experience level
  • Maintenance planning – CMMS
  • Major overhaul plan (schedule, frequency etc.)
  • Third party contracts / QA
  • Long Term Maintenance Agreements (LTMA) / Parts Supply Agreements
  • Maintenance training
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SLIDE 34

Key Information Requirements

Loss Prevention

Maintenance

  • Boilers, HRSGs and Pressure parts
  • Major / minor outages (scope, frequency, last outage)
  • Statutory inspection
  • NDT routines, tube thickness check
  • Creep life assessment
  • Pressure relief valves / pressure vessels / pipe hangers and supports
  • Recommended Codes
  • Procedure & control for qualified welder
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SLIDE 35

Key Information Requirements

Loss Prevention

Maintenance

  • GTs & STs
  • Inspection regimes
  • Borescope
  • Combustion / Major Inspections
  • Hot Gas Path
  • Last overhaul report
  • Use of OEMs / Specialist contractors
  • Long Term Service Agreements (scope, on-site team, remote monitoring)
  • Any upgrades / modifications
  • OEM Technical Advice (TILs, SBs)
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SLIDE 36

Key Information Requirements

Loss Prevention

Maintenance

  • Transformers
  • Insulation oil analysis; DGA frequency / results + Testing lab
  • Corrosive sulphur analysis
  • Electrical testing
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SLIDE 37

Key Information Requirements

Loss Prevention

Maintenance

  • Preventive Maintenance Routines
  • Vibration monitoring
  • Thermographic surveys
  • Lubricating oil analysis

SCOPE FREQUENCY INTERNAL / EXTERNAL REVIEW LAST REPORTS

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SLIDE 38

Key Information Requirements

Loss Mitigation

Fire Protection & Emergency Response

  • Organization & Emergency planning
  • Onsite / Offsite + Mutual Aid assistance
  • Training program [frequency, KPI]
  • Fire-Pre plans
  • Quality of Emergency Response Plan – NFPA 1600
  • Emergency scenarios considered
  • Emergency response exercise [frequency, major findings, evacuation time etc.]
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SLIDE 39

Key Information Requirements

Loss Mitigation

Fire Protection & Emergency Response

  • Active Protection
  • Fire water system
  • Redundancy
  • Adequacy of fire water supply
  • Fire pump capacity / reliability / certified / Testing
  • Detection system
  • Adequacy of fire / smoke / gas detection & alarm system
  • Testing & maintenance
  • Fixed fire protection system
  • In accordance with NFPA 850
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SLIDE 40

Fixed Fire Detection & Protection Systems

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SLIDE 41

Key Information Requirements

Risk Improvement Recommendations

  • Identify issue
  • Recommendation [standards / best practices]
  • Outstanding recommendations - status
  • Client response
  • Status flag [No action / Completed / In-progress / Withdrawn]
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SLIDE 42

Oceanic House Mezzanine Floor 6-E Street 11 Badar Commercial Phase V Ext. D.H.A. Karachi – 75500 Pakistan Tel: +92 21 35244160 – 2 Email: info@cermpakistan.com Web: www.cermpakistan.com Center for Enterprise Risk Management

THANK YOU