Press Releases
Australia’s Macquarie Generation Selects SunGard’s Fuelworx to Help Streamline and Automate Fuels Management
April 6, 2009 — Houston, TX
Macquarie Generation, Australia’s largest electricity generator, has selected SunGard’s
Fuelworx to help it streamline and automate its fuels procurement processes, manage its contracts and maintain audit controls. Macquarie Generation will use SunGard’s Fuelworx to help address the complex contracts and reporting needs of the corporation.
Macquarie Generation consumes approximately 13 million tons of coal to produce more than 26,000 Gigawatt hours (GWh) of electricity each year. With continued global demand for Australia’s coal exports, securing adequate supplies and managing the cost of these supplies remains a challenge for domestic coal users. Fuelworx will help support Macquarie Generation’s sustained growth in the evolving Australian energy market by helping to automate its fuel management processes and facilitate its use of more complex pricing formulas.
Ray Durie, fuel services manager at Macquarie Generation, said, “While the corporation generates the majority of its electricity using coal, we also co-fire biomass and have recently commissioned the world’s first solar thermal development integrated with a coal-fired power station. SunGard’s Fuelworx will help us better manage our entire fuel supply chain. We chose SunGard because of its global experience in power markets and FuelWorx’s ability to automate our fuels processes, provide us with real-time insight into fuels costs, and support the complexity of our contracts.”
Matt Mandalinci, president of SunGard’s
energy solutions business unit, said, “Fuel is typically one of the largest operating expense of a generation company and SunGard’s Fuelworx helps to control this expense through in-depth management of the fuels procurement process. SunGard is pleased to work with Macquarie Generation to help optimize its energy business and support its growth.”
About Macquarie GenerationMacquarie Generation is a State Owned Corporation established in 1996, following reform of the New South Wales electricity system. The Corporation’s core business is the production and wholesale of electricity to the National Electricity Market. As Australia’s largest electricity generator, Macquarie Generation operates Bayswater and Liddell power stations producing 4640Megawatts (MW) of power to provide 40% of the electricity needed by the people of New South Wales.
About SunGard’s FuelworxSunGard’s Fuelworx is part of SunGard's energy trading, transaction and risk management solution suite that helps energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk, and optimize operational and financial decisions. An integrated component of the SunGard energy solution suite, Fuelworx helps energy companies to automate and streamline fuels management for more efficient operations and to mitigate risk. For more information, visit
www.sungard.com/energy.
About SunGardSunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at
www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker
http://www.datamonitor.comTrademark Information: SunGard, the SunGard logo and Fuelworx are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.