O&M Solutions was founded with the intention of supplying alternative
operation and maintenance services for the emerging markets. For more
than twenty years, the founding partners of O&M Solutions have served
the power industry. Our experience ranges from development,
construction, testing and commissioning, to day-to-day operations of
some of the most modern power plants in the emerging region.
During the previous
decades, the Independent Power Producers (IPP's) have served the growing
demand for power. Their ability todevelop and implement power projects
that were efficient and cost effective, has made the power market one of
the fastest growing businesses in the world today. In the early 1990's
when IPP’s ventured into the emerging markets, this brought a completely
new set of challenges. These challenges ranged from commercial to
cultural, not to mention the financial difficulties that come from
dealing in several different currencies. To deal with these challenges,
IPP’s have often employed consultants to help them understand the
markets they were entering. In addition to this, expatriates (expats)
were often deployed to the various projects. These expats were used to
transfer knowledge and best practices from the market. The information
and experience they possessed was transferred from one project to
another. This was an effective means to reduce both the time it took to
develop a project, as well as ensured that lessons learned from previous
projects were applied to new projects. However, the cost associated with
utilizing expats was high, and the length of time they were on site was
limited.
After
9 / 11 and the collapse of Enron, many of the International Developers
began to leave the emerging markets. With the departure of these
players, the development of new projects has significantly reduced.
Additionally, the detailed information and experience that these players
brought to the market also left. This exodus brought opportunities for
new players to enter the market. The cost of buying MW's through
acquisitions, versus building MW's through green-field projects, forced
the players to secure the most cost effective means of entering the
power market, which proved to be through acquisitions. Demand for power
continued to increase and as such, many of the emerging markets today
are facing significant shortfalls in power. As the cost of buying versus
building MW's is narrowing, new players are now looking toward building
projects.
With
the entry of these new players and the exit of the old, there is still a
requirement for experienced people to implement these projects. O&M
Solutions, with our experience in power and our depth of knowledge in
these markets, is in a position to develop and implement alternative O&M
solutions that are tailored to meet the requirements of a specific
project or company profile. To compete in today's market, a company must
utilize every means to keep costs down and revenues up. This was
previously done using expats and consultants; however, the cost and
availability of these people can be expensive. In many cases, a
transitional O&M contract that would cover the first five years of a
project, from development to construction and into the first year of
operations, would be a cost effective approach to this common issue. O&M
Solutions is also capable of providing long-term O&M contracts as
well, but in most cases this would not be required.