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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, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
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- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Australian Coal Association
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- White Energy Company Limited
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
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