Gujarat Power Utility in India Selects Triple Point Technology Commodity XL for Power; Advanced Solution Delivers Global Trading, Risk Management, and Scheduling Best Practices Combined with Flexibility to Meet Local Power Requirements.WESTPORT, Conn. -- Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today that Gujarat Urja Vikas Nigam Limited (GUVNL), one of the largest electric utilities in India, will use Triple Point's Commodity XL(TM) for Power next-generation software solution to manage the utility's physical and financial trading, risk management, and electricity and transmission scheduling. GUVNL, in the business of generation, transmission and distribution in the state of Gujarat, India, chose Commodity XL for Power to support a growing program of inter- and intra-state power trading. Commodity XL supports every part of a client's organization, from traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. to schedulers to risk managers to accountants to executives. "Triple Point was selected because our solutions are the most advanced, our people are the most knowledgeable and our company has a solid record of maintaining product leadership," said Peter F. Armstrong, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Triple Point Technology. "We invest substantially in research and development to ensure that we provide the most competitive solutions. Commodity trading companies throughout India, Asia and the world are selecting Commodity XL as the most powerful system available that offers flexibility and scalability to meet each market's and client's unique needs." Triple Point will provide GUVNL with localized Translated into the spoken language of the country. See localization. support through the company's office in Pune, India. Triple Point's Indian clients also include Bharat Petroleum Bharat Petroleum Corporation Limited (BPCL) is one of India's largest PSU companies. As the name suggests its interests are in Petroleum sector. It is involved in the refining and retailing of petroleum products. Company Ltd. (BPCL BPCL Bharat Petroleum Corporation Limited ), the India Electron Exchange, PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. India Ltd. and Reliance Industries. About Triple Point Technology Inc. Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and headquartered in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. , USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion