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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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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- White Energy Company Limited
- MS Steel International - UAE
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
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