London and Sofia – February 9, 2015 – OpenLink, the global leader in Energy, Commodities and Treasury trading systems, announced today that Energo-Pro Trading located in Sofia, Bulgaria went live with OpenLink’s IRM solution for front-to-back energy trade processing. The deployment covers deal capture and portfolio- and risk-management, enabling power nomination and scheduling across two time zones in three countries. The project was delivered in six months, on time and on budget.
Energo-Pro Trading is the international trading arm of Energo-Pro a leading Eastern European independent power producer engaged in the generation, delivery and trading of electricity from renewable energy sources. They are specialists in the hydro power sector, and the biggest private generator of electricity from hydroelectric power plants in Bulgaria. They build, own and operate hydro power plants and electrical infrastructure in Central and Eastern Europe.
Yana Dimitrova, Executive Director, Energo-Pro Trading, commented “The OpenLink project has been highly successful, with zero defects after acceptance testing by our users, delivering us the capability to create power nominations in two different time zones (CET, EET) in Bulgaria, Romania and Hungary. This enables us to follow our strategy for strengthening Energo-Group’s position in East and Central Europe through import and export of electricity, electricity wholesale on a bilateral basis, and trading on the organized market (HUPX).”
André Jaeger, Senior Vice President, Product Management at OpenLink said “Trading-focused companies are turning their attention to new markets and geographies but this introduces trading and operational complexity. In this climate, faster time to market, reducing total cost of ownership and front-to-back office automation are critical factors for success. OpenLink has delivered Energo-Pro Trading with a market leading solution and high customer satisfaction. We look forward to supporting other energy businesses in Central and Eastern Europe with their trading, forecasting and optimization needs.”