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

Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...


Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...


Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...


Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...


Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...


   1081 1082 1083 1084 1085   
Showing 5411 to 5415 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 ...

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