Large Gas Turbines - the Insurance Aspects (Update)

In the course of the last decade gas turbines have emerged as a core component of modern power plants. Key for this development has been the structural change of important power markets along with the rapid progress in technology, i.e. the fields of aerodynamics, cooling, combustion and materials. In a combination with improved thermodynamic cycles, standardisation and optimised production processes, manufacturers succeeded in strongly upgrading efficiency, power output plus environmental compatibility on the one hand and, on the other hand, in drastically reducing installation costs. These trends have been followed by growing need for insurance of gas turbine power plants.