Overview

Engaged by a major power provider to deliver comprehensive asset valuations across Western Australia for insurance and internal transfer purposes.  

Scope

• Over 60 sites physically inspected across metropolitan, regional, and remote Western Australia. 

• Asset types included large coal- and gas-fired power stations, remote distribution substations, and terminal substations. 

• All major assets were assessed to determine replacement and fair values. 

Approach

• Led by a dedicated Project Manager and Lead Valuer to ensure consistent, high-quality outcomes.
• Onsite inspections and detailed asset register compilation at each location. 
• Applied industry methodologies for reinstatement cost and fair value. 
• Delivered transparent, audit-ready reports outlining methodologies, assumptions and calculations. 

Outcome

• Identified underinsurance of approx. 60%, with some sites underinsured by up to $30 million. 

• Enabled the client to correct insurance coverage before any incidents occurred. 

• Values booked and transferred accurately to a new entity. 
• Client praised the thoroughness and early identification of risk.