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"Standing out in the competitive space of commodity software vending is no easy feat, but the winner of our software house of the year's achievements marked it out. Award: Software House of the Year Winner: Triple Point Technology." Energy Risk Click here to read the article. |
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Largest Power Trader in India to Deploy Power XLTM
PTC India Limited expands Triple Point presence in AsiaPacific
WESTPORT, Connecticut, USA (October 13, 2004) - PTC India Limited (formerly known as Power Trading Corporation of India), India's first and largest power trading company, has signed an agreement to deploy the next generation Triple Point Power XL commodity trading software product to manage its physical scheduling and settlement operations in the deregulating India electricity market. Triple Point Technology was awarded the PTC contract in consortium with Siemens Information Systems Limited and SAP India Limited.
"PTC searched the market for an advanced power transaction system that would integrate seamlessly with our enterprise-wide solution, and the Triple Point-SAP-Siemens consortium provided exactly what we required," said Rajiv Bhardwaj, executive vice president of PTC. "When integrated with our enterprise system, we expect we'll have a true platform for growth to manage our expanding business portfolio in an ever evolving market."
The scheduling, settlement and market connectivity components of Triple Point's Power XL product will be integrated with SAP's enterprise system, giving PTC a complete front-to-back office physical and financial trading solution. Siemens Information Systems Limited (SISL), one of the leading systems integrators in India, will manage the implementation and integration for PTC.
"Our expanding Triple Point India operations and deep experience in restructuring Asian power markets puts us in a unique position to provide the most advanced software technology to India's power market participants of any size," said Peter F. Armstrong, president of Triple Point Technology.
The agreement with PTC further expands Triple Point's presence in evolving AsiaPacific commodity trading markets. Triple Point's Asian clients also include Reliance (India), ENOC (United Arab Emirates), Petronas (Malaysia) and Itochu (Japan). In addition, the company's Pune, India based subsidiary (Triple Point India) now manages more than 65 professionals dedicated to creating advanced trading and risk management solutions for Asian and other global commodity trading markets.
About Triple Point Power XL
Power XL is Triple Point's next generation, front-to-back office power trading and risk management system designed to accelerate revenue cycles, reduce transaction costs, and maximize supply chain efficiencies in global physical and derivative power markets. Scalable, fast and fully integrated into the multi-commodity Triple Point XL trading and risk management platform, Power XL offers clients unprecedented control over their global power trading operations, enabling straight-through processing from pricing and trade capture to scheduling and financial settlement. Power XL's risk management functions also enable clients to measure, monitor and control all aspects of energy market risk (price, weather, load, volumetric, outage rates, credit, delivery, etc.) with down to the minute granularity in a real-time environment, thereby maximizing returns from power load, generation and utilization portfolios. More information about Power XL is available by contacting Rick Nelson at +1(203)291.7979 or rickn@tpt.com.
About PTC India Limited (PTC)
PTC India Ltd. (PTC) pioneered the concept of power trading in India and continues to occupy the leadership position in the industry. PTC's services enable power generators and utilities to trade power more efficiently and profitably by streamlining transaction management, managing complex risk scenarios and making optimal operational decisions. More information is available at www.ptcindia.com.
About Triple Point Technology Inc.
Triple Point Technology is a leading supplier of next generation commodity trading and risk management software solutions. Triple Point's flagship "XL" software platform gives commodity producers, traders, retailers and consumers the tools required to streamline transaction processing, maximize supply chain efficiencies, and precisely measure and monitor market risk. Headquartered in Westport, Connecticut, USA, Triple Point serves clients in Asia, Africa, Australia, Europe, North America and South America from its six development and support centers strategically located around the world. The company's enterprise and tactical solutions are deployed at more than 70 multinational commodity, energy and financial services firms including Amerada Hess, BP, Catequil Asset Management, Cinergy, Duke, ENOC, Galaxy, Glencore, HETCO, Itochu, Mitsui, Morgan Stanley, Occidental Petroleum, Petrobras, Petronas, Preem and Reliance. More information is available at www.tpt.com.
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