“Atos Origin to Strengthen Development for Leading Commercial Electricity Operator in Romania”
Madrid, March 4, 2004
Atos Origin, a leading international information technology services company, today announced that the Ministry of Public Finance in Romania has awarded it a consultancy assignment to strengthen the development of Romania's commercial electricity market operator, OPCOM, and to support development for a financial power exchange in Romania.
Using European Community valuation criteria for PHARE projects, the Romanian Ministry of Public Finance selected Atos Origin in an open tender bid process. The objectives of the consulting engagement include completing and accelerating the institutional building of the Romanian Power Market Operator (OPCOM), as well as rolling out a commercial mechanism to support a workable competitive power market through formal settlement and clearing system, an effective hedging framework, and a set of financial instruments. The project will also provide the necessary knowledge for the institutional and operational financial exchange to be integrated with the existing power exchange functions performed by OPCOM for the Romanian electric power market.
A multidisciplinary team of consultants has been designated to assure the success of the project, which will take one year to implement, and constitutes the first step toward full implementation of the Romanian Power Financial Market.
About Atos Origin
Atos Origin is an international information technology (IT) services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are more than EUR 5 billion and it employs 47,000 people in 50 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and its clients include ABN AMRO, Akzo Nobel, Alstom, BNP Paribas, BP, Ericsson, EDF, Euronext, Fiat, France Telecom, ICI, ING, KPN, Lucent, Philips, Renault, Royal Bank of Scotland, Saudi Aramco, Schlumberger, Shell, Telecom Italia, UBS, UK Department of Works and Pensions, Unilever, Vivendi Universal and Vodafone.
Atos Origin is quoted on the Paris Euronext Premier Marché and trades as Atos Origin, AtosEuronext, Atos Worldline, Atos KPMG Consulting and Atos Odyssée.
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