Sweated assets

Why do more than running repairs, when you’re going to replace something soon? Or when someone else is footing the repair bill anyway?

The act of sweating assets is “Increasing the efficiencies of an existing plant in order to avoid the need to build new infrastructure. This strategy was pursued throughout the 1990s in the UK power sector and the oil refining and producing sector in the West.”
http://www.risk.net/energy-risk/glossary/2038505/asset-sweating

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