Brazil Paradigma Supplies Software for 1st Electronic Energy Trading Auction in Colombia

Brazilian software and technology firm Paradigma supplied the technology platform for the first electronic auction for electricity sales held in Colombia on May 6, 2008, Brazilian media reported on May 9.

Paradigma targets to enter other Latin American energy markets as well. According to the company, the energy sector is expanding in the emerging countries, which offers opportunities to Paradigma. The firm is responsible for 80 pct of the energy sector tenders in Brazil. Paradigma developed the power trading platform that was used by Brazilian power trading board CCEE for the Government's power auctions. Other Paradigma's customers are the power trader Enertrade, Tractebel Energia, Brazilian power company CPFL Energia, mining and logistic giant Cia Vale do Rio Doce (CVRD).
Paradigma (www.paradigma.com.br) is based in Florianopolis, the capital of Brazil's southern Santa Catarina state.

Twenty companies interested in buying power for the period December 2012 to November 2013 took part in the Colombian auction. The event counted on the presence of the president of Brazil's CCEE, Antonio Carlos Fraga Machado, as an international observer. The auctioned projects are expected to demand investments of $400 mln (258.6 mln euro). Later in 2008 Colombia will organise another power auction, this time to secure the supply as of 2014.

Publication: Diario Financiero
Provider: Diario Financiero
Date: May 9, 2008

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