October 28, 2008
IPS Named a Winner for Innovation at Asian Power Awards
Invensys Process Systems (IPS), a global technology, software and consulting firm, has been named the Bronze Winner of the 2008 Most Innovative Power Technology of the Year by Asian Power magazine at the annual awards ceremony held this year in Kuala Lumpur, Malaysia.
The prestigious event recognizes outstanding leaders in the Asia power industry for their excellent practices and contributions and for setting industry benchmarks for others to follow.
"In Asia, the power industry is facing a lot of challenges, such as growing consumption, rising cost of fuel, tighter industrial regulations and a changing economic landscape," said Timothy Charlton, Editor in Chief of Asian Power. "Despite those challenges, Asian Power Awards have received many outstanding nominations. These companies have emerged as leaders of the industry, displaying excellence in their products and services. We are delighted to confer the 2008 Most Innovative Power Technology of the Year - Bronze Winner to IPS for their outstanding contribution to the industry."
This industry recognition reinforces IPS' leadership in asset optimization and advanced process control, which it uses to help deliver significant cost savings and energy efficiencies for its clients across Asia Pacific. The company's work in the power field includes serving clients in the oil and gas, petrochemical, fossil and nuclear power, refining, hydrocarbon processing and specialty chemicals industries.
"With global macroeconomic events resulting in skyrocketing oil and energy prices, streamlining costs and energy saving are top-of-mind issues for power-generating businesses," said Lawrence Wee, President, IPS Asia Pacific. "As a technology leader in the power industry, IPS continuously pushes the frontiers of technological and process innovation, enabling our clients to realize greater business performance."
The solution for Datang Yungang Power Plant
As recipient of this award, IPS was recognized for helping Datang International Power Generation Company Limited (Datang) improve its operating efficiency by implementing innovative asset optimization tools and control solutions.
Datang was facing many of the industry challenges in its Yungang expansion project. As a value-added consultative partner, IPS helped Datang maximize its return on assets by balancing the availability and utilization of equipment, energy, fuel optimization and improvement. The IPS solution, which enabled Datang to achieve real-time convergence of plant operations and enterprise performance, consists of advanced control systems, asset performance management, energy management consulting services and IPS' InFusion(TM) enterprise control system technology.
The collaboration resulted in significant cost savings for Datang through optimized asset performance, improved reliability and availability of assets and reduction in maintenance costs.
"IPS optimization tools and expertise in controls has helped us improve our commissioning efficiency, making us more competitive," said Mr. Yanghu, Chief Engineer, Datang Power. "Through their integrated solution, systematic methodology and step-by-step roadmap, we are able to reap greater energy efficiencies."
The Asian Power Awards were launched in 2005 to recognize the power industry players in Asia whose efforts have stood out over the past year.
The judging panel from the Asian Power Awards looks for the "best-of-the-best" in Asia's power generation and power supply industries and organizations. The judges' role is to identify power projects, technologies, services and people that have significantly contributed and enhanced the power sector in Asia. The judges will consider the benefits and advantages that the individual organization has contributed to the improvement of the industry.
About Datang International Power Generation Company Limited
As one of the largest independent power producers in China, Datang Power is engaged in the development and operation of power plants, the sale of electricity and thermal power, and the repair and maintenance of power equipment and power-related technical services. Currently, the Company owns four operating power plants and manages 17 power companies. As of December 31, 2007, total installed capacity amounted to 20,135MW.
About IPS (Invensys Process Systems)
Invensys Process Systems (IPS), headquartered in Plano, Texas, is a global technology, software and consulting firm leading significant change in process manufacturing, plant optimization, business operations and enterprise performance. IPS clients are some of the world's most important industrial organizations -- companies that operate large oil refineries; plants that process chemicals, gas, LNG, power, pharmaceutical and minerals; and pulp and paper mills. IPS solutions, used at over 50,000 locations across the globe, include field devices and controls from Foxboro and Triconex, advanced applications from SimSci-Esscor, operations management from Avantis, and the world's first truly open enterprise control system, InFusion.
The company's nearly 7,000 employees integrate these capabilities to create solutions that impact and increase efficiency, boost productivity, and accelerate performance. These results help industrial companies run safer, operate more efficiently, and extract useful knowledge from their operations to make faster, better decisions. To learn more about IPS visit www.ips.invensys.com.
In Asia Pacific, IPS serves more than 2,400 customers across 21 countries in 10 major industries, providing Safety and Automation Solutions, Manufacturing Operations and Optimization Software, and Plant-to-Business Intelligence Solutions.
The Invensys Group (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 25,000 employees working in 60 countries.
Invensys, Avantis, Foxboro, SimSci-Esscor, Triconex, InFusion and the IPS logo are trademarks of Invensys plc, its subsidiaries or affiliates. All other brands and product names may be trademarks of their respective owners.
CONTACTS IPS Contact: Sherie Ng Vice President, Marketing Invensys Process Systems Email Contact O: +65 68298827 M: +65 98399411
SOURCE: Invensys Process Systems