Power
Company In Singapore Ready To Tackle Energy Trading
Using EnWorkz Solutions
Austin, Texas (September
16, 2003) – Senoko Power Ltd, one of the largest
Generation Companies in Singapore, has awarded a project
to Singapore office of EnWorkz Inc. Senoko will work
with EnWorkz Singapore to install an Electricity Trading
Information System (ETIS). ETIS is built on EnWorkz
PowerUp™ Software Framework. The intent of the
ETIS system is to capture information surrounding energy
transactions in real time, and make higher levels of
information available to the energy traders as they
conduct their business.
"ETIS
provides a centralized data platform for trading information
and operations data to facilitate timely bidding decisions",
said Tay Swee Lee, Manager (Energy Trading). “We
look to ETIS to enhance the workflow automation and
further streamline our electricity bidding process.”
Joseph
Tan, Executive Vice President of EnWorkz added, "By
building ETIS on our PowerUp framework, it provides
flexibility and allows the system to grow in functionality.
The resultant maintainability and ease of use is passed
on to Senoko as savings in total cost of ownership.
Besides user friendliness, the PowerUp framework includes
unique price models, accurate risk analytics, a fast
dispatch algorithm and Monte Carlo simulation capability.
This will allow deployment of the most flexible architecture
for deal capture support, portfolio optimization and
risk management applications as Senoko’s needs
and requirements grow".
As
part of Senoko's company initiatives to further integrate
the company operations and trading activities, it has
begun working with EnWorkz to expand the scope and functionality
of the existing ETIS to make it available to multiple
departments.
About
Senoko
Senoko
Power is one of the largest generation companies in
Singapore, meeting about 30% of the nation's electricity
demand. Senoko Power is the first company to invest
in combined cycle plants (CCP) in Singapore and are
currently operating the most efficient power plant in
the entire electricity generation system. In addition,
Senoko Power is the first Certified On-The-Job Training
Center for power generation since October 1997. It is
also the first power generation company in Singapore
to be accredited in ISO 9002:1994 in August 1998 and
later ISO 9001:2000 in January 2002. As the leading
power company in Singapore, Senoko Power is committed
to providing efficient, reliable and clean power in
meeting the needs of customers.
About
EnWorkz Inc
EnWorkz
develops state-of-the-art software technologies for
optimizing and managing the production, delivery, and
trading of electric power. With our EnWorkz PowerUp™
framework for portfolio optimization and risk management,
energy businesses have the advanced tools they need
to make profits more predictable, risks more transparent,
and information more accessible across the enterprise.
EnWorkz has offices in Singapore, China, and US. For
more information about EnWorkz, visit the Web site www.enworkz.com.
Contact:
Steve Apple
Tel: 512/323-9118 x115
smapple@enworkz.com
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