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

Colombina grows net profits 20%

Colombina has registered net profits of Peso$11.047bil in the first quarter of 2008, a rise of 20% over the same period in 2007 for the Colombian firm despite the negative effect, said to be 16%, the strength of the Peso has had on its exports. Close to signing a new collective agreement with employees and planning to issue ordinary bonds or commercial papers this year, Colombina’s dollar exports rose 13% in the quarter but slipped 2% in local currency; meanwhile, internal market sales rose from Peso$70.441bil to Peso$76.57bil and financial costs shot up by 66% due to debt taken on in buying in machinery and equipment by the company.

Publication: SABI - Business News
Provider: South American Business Information
Date: May 1, 2008