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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, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
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- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
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- The University of Queensland
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
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- Bhatia International Limited - India
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- Electricity Authority, New Zealand
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- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
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- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Cement Manufacturers Association - India
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- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Sarangani Energy Corporation, Philippines
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- South Luzon Thermal Energy Corporation
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- Merrill Lynch Commodities Europe
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- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
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- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
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- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
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