Gulf Co-operation Council Interconnection Authority (GCCIA) has selected Financial Technologies (India) Ltd. (FTIL) to implement its Energy Market Management System (EMMS). GCCIA is a joint stock company subscribed by the six-nation Gulf Cooperation Council (GCC), comprising Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman to provide reliable, competitive and sustainable power transmission service. FTIL will customize its product TRADEDARTTM to provide an efficient EMMS as required by GCCIA. This EMMS will include functionalities such as calculation of net transmission capacity (NTC), day ahead, monthly and yearly auction of grid line based on available transmission capacity, request for quote (RFQ), valid trade notification (VTN) for power scheduling and bulletin board among others, according to a press release of GCCIA issued here today. --MORE
