Managing Risk in Fossil Fired Power Plant

Name: Managing Risk in Fossil Fired Power Plant
Start: 2015-12-01T08:30:00
Location: Institution of Mechanical Engineers

Institution of Mechanical Engineers, London

01 December 2015
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THIS EVENT HAS BEEN CANCELLED.

Overview

SECURE YOUR PLANT AGAINST INTERNAL AND EXTERNAL RISKS.

Current concern around the capacity margin of the UK generating fleet and the need to secure UK supplies have been highlighted by recent shutdowns of plant due to technical failure and emergencies such as plant fires.

The seminar will cover key categories of risk affecting fossil fired power plant and potential mitigation strategies including plant, global events, economic and regulatory.

All the risks considered will ultimately affect the ability of the power generating plant to operate and the seminar will identify improvements that can be made to plant and systems to improve security.

For plant owners, engineers and operators to appreciate the wide range of risks that can impact operation, the availability and profitability of fossil power plant will be assessed, as well as key strategies to identify, evaluate and mitigate these risks.

Day 1

08:30 - 1 December 2015

08:30 REGISTRATION AND REFRESHMENTS

09:00 CHAIR'S OPENING REMARKS

REGULATION AND STRATEGY

09:15 INSIGHT INTO REGULATORY RISK
Mary Teuton, Head of Policy and Regulatory Strategy, VPI Immingham

• Competing objectives in the energy sector have led to a period of unprecedented intervention, resulting in nearly all forms of generation receiving a subsidy of some description
• With billions of pounds of investment required over the coming years, why is the UK slipping down the tables as a good place to invest?
• Can energy return to business as usual or is increased regulatory risk here to stay?

09:45 PLANT INTEGRITY ASSESSMENT AND FAILURE MITIGATION STRATEGIES
Martin Sedgwick, Head of Asset Management, Scottish Power Generation

10:15 QUESTION AND ANSWER SESSION

10:30 NETWORKING REFRESHMENT BREAK

RISK MANAGEMENT AND MITIGATION

11:00 TOOLS AND TECHNIQUES FOR MANAGING RISK FROM AN OEM PERSPECTIVE
Wesley Tivnen, Head of Project Management, Siemens plc
• Product and project risk management tools
• Collaboration throughout the project life cycle: the key to successful risk management
• Developing business through risk sharing in an uncertain market

11:30 INSURANCE: WHY DO YOU BUY IT AND HOW MUCH SHOULD IT COST?
Robert Gardner, Senior Vice President, Risk Management Practice, Marsh Ltd
• Why do we buy insurance? Risk tolerance and risk appetite
• How much does insurance cost? Factors which influence insurance pricing for power risks
• Risk mitigation: how to reduce the cost of insurance

12:00 QUESTION AND ANSWER SESSION

12:20 NETWORKING LUNCH

CRISIS AND CONTINUATION

13:20 KEYNOTE: CRISIS MANAGEMENT AND BUSINESS CONTINUITY PLANNING
Mark Jackson, Director, MJ Associates and Chairman, IMechE Tyne & Wear Panel
• All leadership teams will face a crisis at some point, so it is essential that the management team is able to cope with the unexpected
• Training allows organisations to continue operations when the unexpected occurs – limiting damage to assets and protecting production and operations
• Enabling employees to operate safely in any workplace environment, including overseas emergencies

13:50 FIRE AND EMERGENCY RISK MANAGEMENT
Ian Herbert, Principal Consultant, MMI Engineering
• Multiple fire hazards exist - flammable gases and liquids, combustible liquids, combustible solids and electrical, with a number of significant fires in recent years highlighting the need to control these risks
• Sites need to identify their fire hazards and match the prevention and control measures to these hazards
• Unique fire hazards require specific measures, as all sites have unique features

14:20 CYBER-SECURITY: PREPARING FOR THE INEVITABLE
Martin Sloan, Group Head of Security, Drax Power Ltd
• Understanding the ever-evolving nature of the threat
• Accepting you already have a cyber security breach; so what next?
• Consider taking a different approach and how to secure board level buy-in

14:50 QUESTION AND ANSWER SESSION

15:15 NETWORKING REFRESHMENT BREAK

FUNCTIONAL AND PROCESS SAFETY

15:45 PRACTICAL TECHNICAL RISK MANAGEMENT INCORPORATINGFUNCTIONAL SAFETY
Chris Libby, Lead Consultant Asset Risk Management, Power Generation, WSP | Parsons Brinckerhoff
• How do we maintain standards throughout the whole of the ‘asset lifecycle’, especially of aging plant?
• Maintaining legacy protection systems and meeting the changing requirements and standards
• Identifying the need, growing the information and mitigating the risks

16:10 HAZARD IDENTIFICATION AND TECHNICAL RISK MANAGEMENT IN PROCESS SAFETY FOR FOSSIL FIRED POWER PLANT
Speaker to be announced

16:40 QUESTION AND ANSWER SESSION

16:55 CHAIR’S CLOSING REMARKS

17:00 END OF SEMINAR

MARK JACKSON: DIRECTOR, MJ ASSOCIATES

Mark Jackson is currently leading a number of start-up initiatives and businesses as well as acting as Chair of the Tyne & Wear Panel of the Institution of Mechanical Engineers. He is also a Reserve Army Officer Lt Col REME Reserves.

MARY TEUTON: HEAD OF POLICY AND REGULATORY STRATEGY, VPI IMMINGHAM

Mary Teuton is currently Head of Policy & Regulatory Strategy for VPI Immingham, responsible for understanding the commercial implications of government policy on existing and future assets. She has many years’ experience in the energy sector, starting her career in strategy consultancy, with PwC initially before working for a smaller strategy consultancy. There she led multiple international assignments across a range of energy clients including Shell, BP and National Grid, taking her to places such as West Africa, the USA, The Netherlands and Russia. She subsequently moved to RWE where she was Electricity Market Reform Project Manager – working closely with the Government and all RWE operating companies (generation, renewables, trading and retail) to develop and implement EMR policy. She has a First Class MEng in Chemical Engineering with Management from the University of Birmingham.

ROBERT GARDNER: SENIOR VICE PRESIDENT, RISK MANAGEMENT PRACTICE, MARSH LTD

After more than 20 years with Marsh, Robert Gardner has wide experience in the insurance broking world. As a specialist in power insurance, Rob works with a portfolio of clients including SSE, National Grid and Sembcorp and has helped clients across a broad range of generation technology including gas, coal, biomass and wind. After graduating in 1990, Rob started his career with Alexander Stenhouse before joining Marsh in 1994. Moving to New York in 2001, Rob returned to London in 2004 to focus on power insurance. Rob is a Senior Vice President with Marsh’s Risk Management Practice.

IAN HERBERT: PRINCIPAL CONSULTANT, MMI ENGINEERING

Ian Herbert is a chemical engineer from University College London. Ian initially worked from 1988 to 1992, with BNFL, principally at the reprocessing plants at Sellafield, reviewing the hazards (HAZOP) and risks (FTAs) for a number of plants and projects. Ian moved to Vectra in 1992 working on risk assessments for the offshore oil and gas industry. In 1995 Ian moved to ICI’s engineering group as a hazard and risk assessor and as coordinator of the ICI Fire Safety network. ICI’s engineering group was absorbed into the Eutech Consultancy in 1999 which was purchased by ABB in 2001 becoming ABB Consulting. Ian continued with both the hazard and risk assessment and general fire and explosion hazard management activities within these organisations. In 2014 Ian joined the MMI Engineering Warrington office as part of the Process Safety Management Team developing capabilities in hazard identification and risk assessment.

MARTIN SLOAN: GROUP HEAD OF SECURITY , DRAX POWER LIMITED

Martin Sloan spent a full career in intelligence and security, specialising in risk management across a broad and complex portfolio - often in high risk environments. In recent years Martin has been working in cyber security and is now immersed in operations, looking at how to address the issue of increased connectedness of plant equipment to internal and external networks.

CHRIS LIBBY: LEAD CONSULTANT ASSET RISK MANAGEMENT POWER GENERATION, WSP | PARSONS BRINCKERHOFF

Chris Libby is a BSc Degree educated, Senior Chartered Engineer with over 30 years’ experience in the power generation industry. He is currently employed as WSP | Parsons Brinckerhoff’s Lead Consultant in Asset Risk Management, having worked for SSE and GEC. He has gained experience from the perspective of a designer, supplier and asset owner, and now as an independent consultant. He therefore has significant knowledge of power plant damage mechanisms, threats and asset lifecycle requirements, as well as applying hazard studies, risk assessments and optimising the necessary risk mitigations. Chris also has a strong background in C&I and protection systems, process and functional safety, alarm management, cyber security and human factors, and in the commissioning and performance testing of new and modified plant. He has acted as the technical authority on projects and operational support, and has extensive understanding of the correct application of industry standards and established good practice, including HSE UK expectations and guidance.

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