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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
 India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the agreement both sides have settled for a ‘trigger level’ of 90 percent. Trigger level is the minimum assured level of coal supply and offtake, failing which either of the parties will attract penalty.
Earlier Coal India had insisted on a trigger level of 75 percent, but NTPC had asked for 90 percent.
The FSA signed here is the first between Coal India and any power utility and would serve as the model for all subsequent agreements between coal companies and power agencies, Coal India chairman Partha Bhattacharyya said.
“We will now sign such pacts with state power utilities and other power companies,” he told reporters.
As per the new coal distribution policy (NCDP) of the central government, coal companies are required to supply the black gold to consumers through legally enforceable FSAs with performance-based ‘take or pay’ provision.
Out of its 1,222 valid consumers, Coal India has formulated FSAs with 1,167, but so far it had not entered into any such pact with any power utility.
More than 75 percent of Coal India’s production is lapped up by power utilities.
The Central Electricity Authority (CEA), which played a pivotal role in formulating the FSA, has developed an all India coal supply matrix for all 78 power stations in which Coal India will supply a total aggregate annual contracted quantity (ACQ) of 306 million tonnes, Bhattacharyya said.
The tenure of the FSA with power utilities will be a maximum of 20 years or till the end of the life of the power station, whichever is earlier. However, there are provisions for a joint review of the ACQ after five years.
The coal company will get a bonus if it can supply more than the trigger level of 90 percent of the ACQ, but will have to shell out a penalty to the power agency if the supply falls below the trigger level.
Similarly, the power utilities will be eligible for a bonus if they can lift more than the trigger level of 90 percent of the ACQ, but pay a compensation in case the lifted quantity falls below the trigger level.
NTPC chairman R.S. Sharma was also present at the media meet.
Source: http://www.sindhtoday.net/news/1/15435.htm
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Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
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- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Indika Energy - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
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