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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, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
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