When one of Japan’s largest trading conglomerates purchased electrical generating and distribution plants in the Caribbean, we helped them understand their risk exposure.
Lead Contact
Project Details
Project Partners
Marubeni
Location
Caribbean
Completion Date
Overview
When Marubeni – one of Japan’s largest trading conglomerates – purchased a group of electrical generating and distribution plants in the Caribbean, they turned to Thornton Tomasetti to help them understand their exposure to earthquakes, hurricanes and storm surge.
Highlights
- Over two months, our team visited facilities on the islands of Trinidad, Jamaica, Curaçao and Grand Bahama to evaluate each property’s vulnerabilities and potential losses.
- They examined 11 power plants; performed checks on 12,000 miles (19,000 kilometers) of transmission lines; and assessed substations, hydroelectric facilities, warehouses and offices.
- Interviews with dozens of employees provided data on damage from past storms and previously installed retrofits. • We fine-tuned our loss-modeling software to accept from the engineering field studies and more accurately account for likely risks.
- Our team’s computed probable maximum loss fell within the insured limits for the modeled 250-year and 500-year events.