Commerce One moots energy e-marketplace in India

NEW DELHI: Commerce One India distribution operations has announced that it

is well on its way to commission the country's first ever energy e-marketplace.

The energy vertical is being set up for Gujarat State Fuel Management Company

(GSFMC) and is the first initiative of its kind by a public sector unit in the

country.

Slated to go live in a month's time, the e-marketplace is currently being

implemented. The energy e-marketplace will facilitate and smoothen the

transaction process for sale and purchase of various fuels. It will build a

community of buyers and sellers of energy and will provide a trading platform to

streamline the energy supply chain.






The e-marketplace will provide assistance to buyers and sellers during all
stages of the transaction process. This will include search of potential buyers

and sellers of various fuels, negotiating and closing contractual agreements,

negotiating prices, credit appraisals, matters pertaining to logistics and

transportation, insurance, risk mitigation and quality certification.

GSFMC is using the marketplace solution offered by Commerce One India

Distributor Operations customized to its requirements. PriceWaterhouseCoopers

will assist in the implementation.

"Commerce One has powered Trade Ranger & Pantellos, two of the

largest energy and utilities exchanges in the US and will leverage its expertise

in India for GSFMC," said Commerce One India Distributor Operations

Commerce One India Distributor Operations Vivek Agarwal. The energy exchange is

the first initiative of its kind being taken by a government company in India

and is indicative of the government's willingness to adopt and promote B2B

e-business solutions in the country, he added.