SOURCE: Genscape, Inc.

August 18, 2005 08:35 ET

CNR Signs Agreement With Genscape

AMSTERDAM, THE NETHERLANDS -- (MARKET WIRE) -- August 18, 2005 -- Genscape International, Inc. announced that Lyon, France-based Compagnie Nationale du Rhône (CNR) has signed a licence agreement to use Genscape Power Europe, the web-based, real-time information service.

CNR joins many of Europe's financial, energy and trading companies currently using Genscape's estimates of power plant outputs and cross-border flows in Continental Europe.

"We're delighted to be working with Compagnie Nationale du Rhône, and excited about the opportunities going forward with an organization such as CNR," said Adam Hooper, Sales Director.

"In only a few years, CNR has grown to become well known in the wholesale market and is a major electricity vendor. Today, we look forward to working with Genscape and improving our efficiency in the spot market," said Christian Triol, the Energy Director of CNR.

About Genscape

Genscape Power Europe delivers essential real-time power supply information to participants in the continental European power markets. The service monitors power production and cross-border flows at over 100 critical points in Germany, France, Belgium and the Netherlands. Launched in February 2005 the service provides a critical level of market transparency that has not previously been available.

Genscape Inc. is based in Louisville, Kentucky, with its European headquarters in Amsterdam, The Netherlands.

For More Information contact: Adam Hooper: +31 (0)20 524 4083

About Compagnie Nationale du Rhône (CNR)

CNR is the France's second biggest electricity producer, with about 3% of French electricity production and 25% of French hydroelectric production. CNR is the only French electricity company whose production is certified 100% renewable. CNR has constructed 18 multipurpose hydropower developments on the river between Switzerland and the Mediterranean, comprising 19 power plants, 19 dams and 12 wide gauge locks. These developments supply an average of 16 billion KWh per year and have permitted the creation of a modern wide gauge navigable waterway of 330 km between Lyon and the sea.

For More information contact: Anne MERY: + 33 (0)472 00 68 96

Contact Information

  • For More Information contact:

    Genscape
    Adam Hooper:
    +31 (0)20 524 4083

    Compagnie Nationale du Rhône (CNR)
    Anne MERY:
    + 33 (0)472 00 68 96