WEL Networks 2018 Asset Management Plan 0800 800 935 | wel.co.nz WEL Networks | 2018 Asset Management Plan 01 FOREWORD 29 March 2018 Dear Stakeholders, Thank you for taking the time to review the WEL Networks Limited Asset Management Plan (AMP) 2018. In essence the AMP is a snapshot of our intended capital expenditure on our network over the next ten years. It outlines the investment rationale and performance measurement of our assets and enables our community to thrive through the provision of a strong, safe, efficient and reliable supply for our customers. The AMP reflects our vision to create an innovative energy future. This vision is clearly demonstrated through projects focused on safety, continuous improvement and understanding new technologies and how they can benefit our network and our customers. Your feedback is essential for our business to progress and I’d invite you to comment on the initiatives outlined either by emailing me (
[email protected]) or phoning 0800 800 935. Garth Dibley Chief Executive wel.co.nz WEL Networks | 2018 Asset Management Plan 033 EXECUTIVE SUMMARY 4 WEL Networks | 2018 Asset Management Plan EXECUTIVE SUMMARY The Asset Management Plan (AMP) describes the describing the relationship of the AMP with our nature and characteristics of our assets and investment strategic plans and its importance as a key requirements; it also provides an overview of our asset planning document. management planning, systems, procedures and practices. Where there is technical information in this AMP we aim to The Asset Management Plan provides a clear description explain it in a way that provides meaning and value to all of the objectives, measures, and targets we aim to our stakeholders.