Visions - Fall 2007 - (Page 8)

Machinery, Power and Electronics Perennial Power Holdings Continues Policy Of Expertise In Marketplace Maintenance and Operations Proficiency Help Lead The Way Toward Bright Future in Power Business Development P erennial Power Holdings Inc. (PPH) takes a unique position in the Sumitomo family. As a joint venture between Sumitomo Corporation and its largest subsidiary, Sumitomo Corporation of America (SCOA), Perennial Power was created to enhance Sumitomo Corporation’s “Power Investments,” including Operation and Management (O&M) in North America. With recent movement in global power initiatives, this venture shows to be one of the most promising mixtures of dynamic expertise at Sumitomo. Established in 2002, PPH’s mission is to provide responsible, efficient and cost-effective operating and technical services. The mission’s tasks involves managing plant operations effectively in order to generate and deliver the most reliable and economic energy possible, as well as taking an active corporate citizenship role, implementing performanceenhancing technology when appropriate, running a disciplined operation, and continually evaluating and striving to improve their technical, commercial and economic performance. PPH’s strength lies in its wide range of technical resources that Sumitomo’s worldwide power assets supply, and that includes O&M skills, health and safety management, technical support resources (remote and onsite) and commissioning of management. Perennial Power’s experience with power plant operations, maintenance and the issues associated with power project development enables them to assess all alternatives. Consequently, they can advise Sumitomo on the most reliable and cost effective solutions. A Competitive Outlook In The Marketplace Exterior of the Hermiston Plant, the cornerstone example of Perennial Power Holdings’ O&M business model. independent power projects. This mandate is being expanded to include additional products that will allow flexibility for the Power Investment Department to add value to Sumitomo’s financial investments.” “Perennial Power plans to use our established internal resources and technical capability to help Sumitomo add value in areas that can differentiate us from our competitors and provide a competitive advantage. Perennial Power is also providing key technical support services to Sumitomo Corporation as our parent company expands in the global independent power plant business.” Taking Advantage Of Our Experience And Advancement Ken Kageyama, President of Perennial Power Holdings, sees a bright future when it comes to ventures into new business lines. “PPH is working hard to actively support Sumitomo Corporation’s aggressive expansion in the global independent power industry,” Kageyama stated. “Sumitomo has implemented a renewed focus on the dynamic international electric power market, and is redefining their global IPP business strategy. Sumitomo has traditionally used a relatively conservative mandate to invest in the 8 visions Fall 2007 “PPH is working closely with Sumitomo Corporation’s representatives around the world to transfer technology and operational techniques developed in our US operations. Perennial aims to provide power plant operations and maintenance services, technical services support, project management expertise and specialized support of commercial negotiations as well as technical oversight wherever we can bring value to Sumitomo activities.” PPH’s first purchase stake in 2002, the Hermiston Generating Plant in Eastern Oregon, is a prime example of how the venture uses O&M expertise to maintain a high level of productivity and quality. Because of its proximity to natural gas, electrical grids and water, the area is attractive to power generators.The staff is a tight-knit and highly

Table of Contents Feed for the Digital Edition of Visions - Fall 2007

Visions - Fall 2007 Contents CANTEX State of the Art Plant Key to Southwestern Market SCOA Steel & Non-Ferrous Group Enters Wind Energy Market Perennial Power Holdings Continues Policy Of Expertise In Marketplace SCOA Finances New Fluorspar Mine in Mexico SC Rail Leasing America, Inc. Acquires Southern Illinois Railcar Company and its Affiliate Ohio Ag Terminals LLC New Sumitomo Subsidiary Summit VetPharm Enters Booming Animal Healthcare Market

Visions - Fall 2007

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