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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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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
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- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
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- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
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- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
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- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
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- Planning Commission, India
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- Interocean Group of Companies - India
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- Toyota Tsusho Corporation, Japan
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- Mjunction Services Limited - India
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- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
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- Karbindo Abesyapradhi - Indoneisa
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- Indonesian Coal Mining Association
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- ICICI Bank Limited - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
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- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
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- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
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- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
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- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
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- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- SMC Global Power, Philippines
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- Xindia Steels Limited - India
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- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
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- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
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- Global Green Power PLC Corporation, Philippines
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