Olympus Power endeavors to strategically optimize the value of its assets by providing Asset Management and Operations & Maintenance services. In aligning Asset Management services with Operations & Maintenance services, Olympus gains greater insight and control over the financial, technical and managerial levers necessary to enhance the performance of its projects. Olympus’ upstream equity partners, its lenders, and other significant stakeholders clearly benefit from Olympus’ close scrutiny and “hands on” management of its projects. The depth of experience and quality of Olympus Power’s Asset Management and Operations & Maintenance teams ensures that Olympus will adhere to its core principles of maximizing technical performance and financial return without forsaking safety or reliability.
Asset Management Services
Each Olympus project company will typically contract with Olympus Power for the provision of asset management services. Those services include:
- • Ensuring that the facility is in compliance with all contractual obligations
- • Legal advocacy
- • Disbursement and distribution of funds as permitted under financing documents
- • Administration of insurance programs
- • Invoicing and Treasury Services
- • Scheduling and marketing of plant output
- • Administration of transmission agreements
- • Risk management and hedging analysis
- • Accounting, record keeping and reporting
- • Review of operating budgets
- • Tax structuring and preparation of tax returns
- • Government relations, public policy advocacy
- • Regulatory Compliance
Operations & Maintenance Services
Olympus Power possesses a full complement of operations and maintenance skills. An Olympus project company will generally contract with an affiliate of Olympus for the provision of O&M services. Those services include:
- • Operations consistent with the performance criteria set forth in the energy supply agreements and the manufacturer's specifications.
- • Periodically updating operating procedures and manuals
- • Staffing with trained and qualified operating personnel
- • Supply of all goods and materials and spare parts
- • Repairs
- • Contractor supervision
- • Predictive and preventive maintenance
- • Routine maintenance including lubrication, calibrations, adjustments etc.
- • Inspections
- • Building maintenance
- • Updating plant engineering drawings
- • Implementation of a spare parts program
- • Pension, health care, benefits and payroll administration
- • Compliance with applicable laws, environmental plans and licensing requirements
- • Monitoring of federal and local regulatory changes which may affect the project and its energy markets
- • Reporting
- • Environmental health and safety programs
- • Day-to-day administration of project documents
- • Review of permits, studies, contract amendments, and changes in plant design
