Plant & machinery valuation for power generation & utilities.

Power generation and utility infrastructure — generators, turbines, transformers, substations, and distribution equipment — sits among the longest-lived and highest-value categories of industrial plant. These assets often have design lives measured in decades, operate under regulatory oversight, and frequently involve public-private or concession-based ownership structures, all of which shape how valuation should be approached.

• Very long asset lives with staged capital renewal. Periodic major overhauls extend effective life beyond simple original-equipment depreciation schedules.
• Regulatory and tariff-linked economic value. Economic value is closely tied to allowed returns and regulatory asset base treatment for assets operating under regulated tariff structures.
• Highly specialised, engineered-to-order major equipment. Turbines and large transformers have minimal secondary market activity — DRC, informed by genuine current OEM quotations, is the standard approach.
• Environmental and transition risk. Fossil-fuel-based generation assets face growing economic obsolescence risk tied to energy transition policy.
• Grid and network infrastructure valuation complexity. Transmission and distribution assets often need to be valued as an integrated system rather than as isolated components.

Power generation and utility assets carry among the largest individual values in industrial valuation practice, and the methodology decisions involved — particularly around long-life asset condition assessment, major component renewal treatment, and regulatory/tariff considerations — require genuine sector understanding beyond standard industrial equipment valuation practice.

Our experience

Western VAS applies IVS 300-aligned Depreciated Replacement Cost methodology to specialised, high-value plant and infrastructure assets, supported by in-house indexation and life-expectancy reference tools designed for exactly this category of long-life, engineered-to-order equipment. Our valuation practice's broader experience across specialised industrial and infrastructure asset categories in the UAE and MENA region provides the grounding needed to properly assess major component renewal history and regulatory context.