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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, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
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- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
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