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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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Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
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