|CVA Group Selects Allegro Energy Trading and Risk Management|
Italian Power Generator to Manage Business Growth with Allegro Software
ZURICH, March 7, 2012 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that CVA S.p.a. has chosen the Allegro 8 platform to manage its power generation and trading activities. CVA needed a scalable software solution that would support company growth, provide visibility into positions, and effectively maintain controls to mitigate risk.
CVA is a generation company based mainly on hydroelectric production located in the Valle d’Aosta region of Italy. The company’s assets include 35 power stations of which five are dams, 26 are hydroelectric plants and 4 are photovoltaic stations; exceeding in total a power capacity of 920 MW. CVA Trading belongs to the CVA Group, which is 100% owned by CVA S.p.a..
“We were looking for a platform that would support CVA as we increase trade volumes, expand into additional European markets, and implement new business processes in our trading organization,” said Stefano Danna, Trading Department Chief of CVA Trading. “We quickly realized that the Allegro technology offered the detailed analysis of positions, effective risk controls, process efficiency, and flexibility we need to support our business growth.”
As CVA expands its trading both geographically and in terms of volume, Allegro 8 provides the following:
About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.
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