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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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Saturday, 13 November 10
INDONESIA SHIPPED 8.73 % MORE COAL IN OCTOBER THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23.55 mln mt of coal in October 2010, which is 8.73 percent more compared to Septe ...
Friday, 12 November 10
BANPU'S NET PROFIT HAS INCREASED 249 PERCENT IN 3Q 2010 COMPARED TO THE SAME PERIOD LAST YEAR
COALspot.com: Banpu Public Company Limited (BANPU) reports its financial performance for the third quarter 2010, posting a net profit of THB 13,293 ...
Friday, 12 November 10
DRY BULK MARKET STILL ON A FREEFALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market failed to show any signs of life this week, with the Baltic Dry Index (BDI) still being on the red, now stretching more than 11 ...
Thursday, 11 November 10
KOMIPO WANTS 400KT OF SUB BITUMINOUS COAL
COALspot.com : Korea Midland Power Co. Ltd. (KOMIPO) is looking for 400,000 MT of sub bituminous coal through International open bidding. The delive ...
Wednesday, 10 November 10
NTPC TO IMPORT 12 MILLION TONS OF COAL IN 2011
COALspot.com: India's State Trading Corp Ltd a public sector Govt of India co. is looking for 12 million tones (+/- 2%) of imported coal for NTPC. ...
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- McConnell Dowell - Australia
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- Gujarat Electricity Regulatory Commission - India
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- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
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- Energy Link Ltd, New Zealand
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- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
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- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- IEA Clean Coal Centre - UK
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- Deloitte Consulting - India
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- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
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- Larsen & Toubro Limited - India
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- Independent Power Producers Association of India
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- Thiess Contractors Indonesia
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- Samtan Co., Ltd - South Korea
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- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
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- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
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- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
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- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
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- Ministry of Transport, Egypt
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- Eastern Energy - Thailand
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- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
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- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
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- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
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- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- Dalmia Cement Bharat India
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- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
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- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
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- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
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