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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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Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
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- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Planning Commission, India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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