CELEC EP implements a project to improve its asset management

This Celec release was published using machine translation.

The Electricity Corporation of Ecuador (CELEC EP), through its Transelectric Business Unit, began the implementation of the Asset Management model, which proposes an efficient management of costs, risks and performance of its productive assets in order to increase the generation of value and business sustainability.

During the previous week, the general manager of CELEC EP, Mr. Gonzalo Uquillas together with the manager of the Transelectric Business Unit, Mr. Henry Herrería and the executive staff, officially started the Asset Management project; Eng. Hernán Verdugo, executive president of the Ecuadorian Committee of the Regional Energy Integration Commission - ECUACIER, an entity that is collaborating in technical advice for the conceptualization and planning of the project, was present at the meeting.

As part of the work agenda, completed on July 17 and 21, the project Roadmap was defined and approved, with the participation of more than 40 employees from the different areas of the Transelectric Business Unit. The Roadmap outlines the initiatives that the company must undertake to reach a competent maturity level in asset management, according to the standard established by the IAM, (Institute of Asset Management for its acronym in English) a professional non-profit body based in the United Kingdom.

These actions will allow CELEC EP Transelectric to be at the level of the best transmission companies worldwide and obtain an ISO 55001 certification. The Government of Ecuador, through the Ministry of Energy and Mines and the Electricity Corporation of Ecuador (CELEC EP), constantly promotes projects that allow generating continuous improvement in the management processes of Public Companies.