Washington, D.C. (PRWEB) February 27, 2014
The U.S. Trade and Development Agency (USTDA) is inviting U.S. companies to participate in a reverse trade mission about power Market Management Systems for Colombia’s wholesale electricity market. The Reverse Trade Mission (RTM) takes place from March 16 - 26, and now offers two open events to encourage participation by U.S. companies on both the East Coast and the West Coast.
The RTM will feature a full-day business briefing with roundtable discussions and one-on-one meetings in Arlington, VA on Tuesday, March 18, followed by a half-day business roundtable in San Francisco, CA on March 25. The events serve as an opportunity for U.S. companies to interact with key stakeholders in the Colombia power sector, and to ask key questions about the needs and requirements of the upcoming procurement for the acquisition of a Market Management System (MMS) – focused on billing, settlements and financial management – and supporting IT services. A request for proposals is expected to be released by XM Compañía de Expertos en Mercados S.A. E.S.P. (XM) – Colombia’s power market administrator and system operator – during the second half of 2014.
The delegation from Colombia will be comprised of senior officials representing XM and Colombian government regulatory agency officials, including a commissioner from Colombia’s Energy and Gas Regulatory Commission (CREG). XM is pursuing the implementation of a market management system to improve the reliability of Colombia’s National Interconnected System and the availability of data on its operation, as well as to reduce operating costs and support the implementation of energy efficiency measures and renewable energy projects in the country.
While in the U.S., the delegation will be familiarized with MMS and settlement and billing technologies and solutions through meetings and site visits in Washington, D.C.; Valley Forge, PA; Austin, TX; and Silicon Valley, CA, as well as through interactions with U.S. companies at the business briefings. The business briefings will include: information regarding XM’s upcoming procurement process; presentations by the delegates giving an overview of the specific needs for MMS implementation; a roundtable discussion of resources to enable success in the Colombia power sector; and an afternoon session of one-on-one meetings between U.S. companies and the delegates.
U.S. companies involved in MMS IT services, or related settlement and billing technologies and solutions, as well as financial management technologies used by U.S. independent system operators (ISOs) and regional transmission organizations (RTOs), can register for the business briefings at http://ColombiaMMS.poweredbytwg.com/.
The Webster Group, a top Washington D.C. event management company, is producing this RTM on behalf of USTDA. The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.