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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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Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
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- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
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