COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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   



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...


Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...


Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...


Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...


Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...


   1044 1045 1046 1047 1048   
Showing 5226 to 5230 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Deutsche Bank - India
  • TANGEDCO India
  • Maruti Cements - India
  • Cement Manufacturers Association - India
  • Ind-Barath Power Infra Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Kumho Petrochemical, South Korea
  • PowerSource Philippines DevCo
  • SMG Consultants - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Edison Trading Spa - Italy
  • UBS Singapore
  • Jindal Steel & Power Ltd - India
  • Mechel - Russia
  • Cebu Energy, Philippines
  • Surastha Cement
  • Posco Energy - South Korea
  • Karaikal Port Pvt Ltd - India
  • The Treasury - Australian Government
  • Chettinad Cement Corporation Ltd - India
  • Bangladesh Power Developement Board
  • IOL Indonesia
  • Iligan Light & Power Inc, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Aboitiz Power Corporation - Philippines
  • Indorama - Singapore
  • Sakthi Sugars Limited - India
  • Wilmar Investment Holdings
  • Semirara Mining and Power Corporation, Philippines
  • KPCL - India
  • Kalimantan Lumbung Energi - Indonesia
  • KEPCO - South Korea
  • Maersk Broker
  • Jorong Barutama Greston.PT - Indonesia
  • Dalmia Cement Bharat India
  • Vitol - Bahrain
  • Gupta Coal India Ltd
  • CNBM International Corporation - China
  • Agrawal Coal Company - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Thiess Contractors Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Maharashtra Electricity Regulatory Commission - India
  • Latin American Coal - Colombia
  • Ministry of Finance - Indonesia
  • Deloitte Consulting - India
  • Globalindo Alam Lestari - Indonesia
  • ACC Limited - India
  • NTPC Limited - India
  • Xindia Steels Limited - India
  • OCBC - Singapore
  • Coastal Gujarat Power Limited - India
  • Platts
  • Aditya Birla Group - India
  • UOB Asia (HK) Ltd
  • Binh Thuan Hamico - Vietnam
  • Vijayanagar Sugar Pvt Ltd - India
  • BRS Brokers - Singapore
  • Parliament of New Zealand
  • Eastern Energy - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Bahari Cakrawala Sebuku - Indonesia
  • Berau Coal - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • TRAFIGURA, South Korea
  • Orica Australia Pty. Ltd.
  • ICICI Bank Limited - India
  • Indogreen Group - Indonesia
  • PetroVietnam
  • Savvy Resources Ltd - HongKong
  • Merrill Lynch Commodities Europe
  • Indonesian Coal Mining Association
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Jaiprakash Power Ventures ltd
  • Moodys - Singapore
  • IEA Clean Coal Centre - UK
  • Toyota Tsusho Corporation, Japan
  • San Jose City I Power Corp, Philippines
  • Xstrata Coal
  • Global Business Power Corporation, Philippines
  • Sarangani Energy Corporation, Philippines
  • Bank of China, Malaysia
  • ING Bank NV - Singapore
  • Price Waterhouse Coopers - Russia
  • Total Coal South Africa
  • Renaissance Capital - South Africa
  • GAC Shipping (India) Pvt Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Cemex - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Directorate General of MIneral and Coal - Indonesia
  • London Commodity Brokers - England
  • Kepco SPC Power Corporation, Philippines
  • Tamil Nadu electricity Board
  • Samsung - South Korea
  • Asmin Koalindo Tuhup - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • Bank of America
  • Sucofindo - Indonesia
  • Oldendorff Carriers - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Romanian Commodities Exchange
  • South Luzon Thermal Energy Corporation
  • Permata Bank - Indonesia
  • Barclays Capital - USA
  • Panama Canal Authority
  • Interocean Group of Companies - India
  • GN Power Mariveles Coal Plant, Philippines
  • KPMG - USA
  • PLN Batubara - Indonesia
  • Rio Tinto Coal - Australia
  • Kaltim Prima Coal - Indonesia
  • India Bulls Power Limited - India
  • TGV SRAAC LIMITED, India
  • Attock Cement Pakistan Limited
  • Bhoruka Overseas - Indonesia
  • Japan Coal Energy Center
  • Adaro Indonesia
  • Ministry of Transport, Egypt
  • SN Aboitiz Power Inc, Philippines
  • Arutmin Indonesia
  • WorleyParsons
  • Coeclerici Indonesia
  • New Zealand Coal & Carbon
  • Clarksons - UK
  • RBS Sempra - UK
  • Krishnapatnam Port Company Ltd. - India
  • Ambuja Cements Ltd - India
  • Coal and Oil Company - UAE
  • Commonwealth Bank - Australia
  • NALCO India
  • Kapuas Tunggal Persada - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Wood Mackenzie - Singapore
  • Siam City Cement - Thailand
  • Sical Logistics Limited - India
  • ETA - Dubai
  • Fearnleys - India
  • Tanito Harum - Indonesia
  • EIA - United States
  • Leighton Contractors Pty Ltd - Australia
  • EMO - The Netherlands
  • Kobe Steel Ltd - Japan
  • SMC Global Power, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Thai Mozambique Logistica
  • Lanco Infratech Ltd - India
  • CoalTek, United States
  • PLN - Indonesia
  • Intertek Mineral Services - Indonesia
  • Credit Suisse - India
  • Grasim Industreis Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Banpu Public Company Limited - Thailand
  • CCIC - Indonesia
  • Larsen & Toubro Limited - India
  • Freeport Indonesia
  • SUEK AG - Indonesia
  • Russian Coal LLC
  • Planning Commission, India
  • TNPL - India
  • SGS (Thailand) Limited
  • Electricity Authority, New Zealand
  • Minerals Council of Australia
  • JPower - Japan
  • Coal Orbis AG
  • Ince & co LLP
  • Standard Chartered Bank - UAE
  • Samtan Co., Ltd - South Korea
  • JPMorgan - India
  • AsiaOL BioFuels Corp., Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mitra SK Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Holcim Trading Pte Ltd - Singapore
  • Heidelberg Cement - Germany
  • Idemitsu - Japan
  • Sojitz Corporation - Japan
  • Port Waratah Coal Services - Australia
  • Metalloyd Limited - United Kingdom
  • Trasteel International SA, Italy
  • Adani Power Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Sindya Power Generating Company Private Ltd
  • Mercator Lines Limited - India
  • Singapore Mercantile Exchange
  • Ernst & Young Pvt. Ltd.
  • Siam City Cement PLC, Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Central Java Power - Indonesia
  • Orica Mining Services - Indonesia
  • Vale Mozambique
  • Electricity Generating Authority of Thailand
  • Petrochimia International Co. Ltd.- Taiwan
  • GVK Power & Infra Limited - India
  • Shree Cement - India
  • Bhatia International Limited - India
  • Medco Energi Mining Internasional
  • The State Trading Corporation of India Ltd
  • Videocon Industries ltd - India
  • TeaM Sual Corporation - Philippines
  • SASOL - South Africa
  • Coaltrans Conferences
  • Maheswari Brothers Coal Limited - India
  • Power Finance Corporation Ltd., India
  • ANZ Bank - Australia
  • Cargill India Pvt Ltd
  • Malco - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indonesia Power. PT
  • Kideco Jaya Agung - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • McKinsey & Co - India
  • GNFC Limited - India
  • Indika Energy - Indonesia
  • Coal India Limited
  • Sinarmas Energy and Mining - Indonesia
  • Arch Coal - USA
  • Marubeni Corporation - India
  • Riau Bara Harum - Indonesia
  • Essar Steel Hazira Ltd - India
  • globalCOAL - UK
  • Britmindo - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indian School of Mines
  • Eastern Coal Council - USA
  • Cardiff University - UK
  • APGENCO India
  • Energy Development Corp, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Goldman Sachs - Singapore
  • Global Coal Blending Company Limited - Australia
  • World Bank
  • Madhucon Powers Ltd - India
  • Parry Sugars Refinery, India
  • Therma Luzon, Inc, Philippines
  • MS Steel International - UAE
  • Humpuss - Indonesia
  • Formosa Plastics Group - Taiwan
  • Mitsubishi Corporation
  • Uttam Galva Steels Limited - India
  • Barasentosa Lestari - Indonesia
  • KOWEPO - South Korea
  • Argus Media - Singapore
  • Shenhua Group - China
  • Makarim & Taira - Indonesia
  • VISA Power Limited - India
  • Petron Corporation, Philippines
  • Africa Commodities Group - South Africa
  • Jatenergy - Australia
  • Thriveni
  • Vedanta Resources Plc - India
  • U S Energy Resources
  • International Coal Ventures Pvt Ltd - India
  • PTC India Limited - India
  • Central Electricity Authority - India
  • Malabar Cements Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Mitsui
  • McConnell Dowell - Australia
  • Economic Council, Georgia
  • Manunggal Multi Energi - Indonesia
  • Pinang Coal Indonesia
  • Rudhra Energy - India
  • PNOC Exploration Corporation - Philippines
  • Ministry of Mines - Canada
  • MEC Coal - Indonesia
  • Semirara Mining Corp, Philippines
  • Tata Power - India
  • Inspectorate - India
  • The India Cements Ltd
  • Anglo American - United Kingdom
  • GHCL Limited - India
  • Vizag Seaport Private Limited - India
  • The University of Queensland
  • Indian Oil Corporation Limited
  • GMR Energy Limited - India
  • Borneo Indobara - Indonesia
  • Australian Coal Association
  • ASAPP Information Group - India
  • Bharathi Cement Corporation - India
  • Kartika Selabumi Mining - Indonesia
  • HSBC - Hong Kong
  • Australian Commodity Traders Exchange
  • Baramulti Group, Indonesia
  • IBC Asia (S) Pte Ltd
  • Geoservices-GeoAssay Lab
  • Noble Europe Ltd - UK
  • Meralco Power Generation, Philippines
  • Core Mineral Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Runge Indonesia
  • Inco-Indonesia
  • Georgia Ports Authority, United States
  • Simpson Spence & Young - Indonesia
  • Independent Power Producers Association of India
  • World Coal - UK
  • Meenaskhi Energy Private Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Thermax Limited - India
  • DBS Bank - Singapore
  • Thomson Reuters GRC
  • SRK Consulting
  • Enel Italy
  • Star Paper Mills Limited - India
  • Petrosea - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Reliance Power - India
  • Glencore India Pvt. Ltd
  • J M Baxi & Co - India
  • Carbofer General Trading SA - India
  • Bangkok Bank PCL
  • IHS Mccloskey Coal Group - USA
  • Maybank - Singapore
  • Lafarge - France
  • CIMB Investment Bank - Malaysia
  • Coalindo Energy - Indonesia
  • Gresik Semen - Indonesia
  • Qatrana Cement - Jordan
  • Mintek Dendrill Indonesia
  • GB Group - China
  • CESC Limited - India
  • Asian Development Bank
  • Merrill Lynch Bank
  • Platou - Singapore
  • Thailand Anthracite
  • Cosco
  • Bukit Makmur.PT - Indonesia
  • BNP Paribas - Singapore
  • LBH Netherlands Bv - Netherlands
  • bp singapore
  • Directorate Of Revenue Intelligence - India
  • Tata Chemicals Ltd - India
  • Mercuria Energy - Indonesia
  • Salva Resources Pvt Ltd - India
  • Energy Link Ltd, New Zealand
  • Chamber of Mines of South Africa
  • Infraline Energy - India
  • Bulk Trading Sa - Switzerland
  • Gujarat Sidhee Cement - India
  • Asia Cement - Taiwan
  • Indian Energy Exchange, India
  • White Energy Company Limited
  • Peabody Energy - USA
  • Mjunction Services Limited - India
  • Straits Asia Resources Limited - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Bhushan Steel Limited - India
  • IMC Shipping - Singapore