We must take all reasonable precautions to prevent and recover from such incidents.” The conversation turns to artificial intelligence and its potential impact on power generation. “AI is definitely on the horizon,” Mantha states. For FirstLight, the most promising application lies in hydrological forecasting and water management. “Turning rainfall into electrons requires accurate forecasting, and currently, we rely on mathematical models and spreadsheets. AI could enhance our predictive capabilities, though the human element in decision-making remains critical.” He adds, “Whether AI can achieve 100% reliability in forecasting is yet to be seen, but it represents a of the pandemic,” he says. “However, we are still experiencing long lead times for copper items, such as transformers and generator windings.” For instance, the wait for high-voltage transformers is now between 36 to 48 months, irrespective of the supplier. This reality necessitates careful planning and bidding pricing to ensure project feasibility over extended timelines. Mantha also emphasizes the importance of technology in overcoming these challenges.“System integration is a major trend,” he notes, pointing out the shift from hardwired to more cyber-based systems. While this transition enhances efficiency, it also heightens the need for robust cybersecurity measures. “It’s no longer a question of if you’ll be hacked, but when. 108 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 08
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