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

Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points. According to Vistaar Shipping of S ...


Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...


Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
  The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...


Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...


Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...


   1103 1104 1105 1106 1107   
Showing 5521 to 5525 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 ...

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