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Coimbatore, Sept. 18

Energy Risk Magazine has chosen Sapient's gas optimisation solution for a major European utility - Essent Energie for the Energy Risk Award 2006. The application developed in partnership with Sapient has, according to a release, helped create a comprehensive energy trading and risk management system unparalleled in the industry in terms of its size, complexity and value. Among the host of innovative solutions, the gas optimisation solution is said to have paid for itself within 24 hours of going live.The solution is said to have given Essent real-time visibility into its entire gas portfolio, from long and short-term contacts to physical production and delivery and helped save cost of up to $4 million within 24 hours it went live.

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