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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, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- The University of Queensland
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
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