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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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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Bulk Trading Sa - Switzerland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
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- The University of Queensland
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- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
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- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
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- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
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- Eastern Coal Council - USA
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- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
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- Ministry of Transport, Egypt
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- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
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- Wood Mackenzie - Singapore
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- Chamber of Mines of South Africa
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- Economic Council, Georgia
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- White Energy Company Limited
- Bhushan Steel Limited - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
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- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
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- The Treasury - Australian Government
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- Coal and Oil Company - UAE
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- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
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- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
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- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
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- San Jose City I Power Corp, Philippines
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- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
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- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
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- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
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