Tata Power Trading Automates Operations With SunGard ZaiNet

Tata Power Trading Company, part of the Tata Group of companies, has selected SunGard’s ZaiNet to help it streamline and automate its power trading operation and support its plans for continued growth in India and beyond.

Tata Power Trading selected SunGard because of its global experience in power markets and ZaiNet’s ability to be configured to the unique requirements of the Indian energy market. Integrated with the new India Energy Exchange (IEX), SunGard’s ZaiNet will support Tata Power Trading’s operations on the exchange as well as its bilateral trading with counterparties in India.

ZaiNet will support Tata Power Trading’s sustained growth by helping to automate and consolidate its confirmation process, which Tata Power Trading has identified as a limiting factor to its growth due to its reliance on multiple, disparate confirmation systems. ZaiNet will also help Tata Power Trading gain better controls through audit and reporting capabilities.

“Since its inception in 2004, our business is experiencing a compounded growth rate of over 100 percent from 76 million units in 2005 to over 1700 million units in 2008. This growth of our trade volume necessitates that we fully automate our trading activities,” said Amulya Charan, managing director of Tata Power Trading.

Matt Mandalinci, president of SunGard’s energy solutions business unit, said, “We are excited to enter the power trading market in India with Tata Power Trading. SunGard ZaiNet’s flexibility delivered through its configurable risk and calculation engine with an SOA, integration to the IEX, and front-middle-back office integration will help Tata Power Trading to optimise its energy business and support its growth.”