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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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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
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- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- CNBM International Corporation - China
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- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
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- Australian Coal Association
- Economic Council, Georgia
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- Vedanta Resources Plc - India
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- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
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- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
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- Renaissance Capital - South Africa
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- India Bulls Power Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
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- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
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- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
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- ICICI Bank Limited - India
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- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
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- Baramulti Group, Indonesia
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- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
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- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
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- Coal and Oil Company - UAE
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- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
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- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
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- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
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- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
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- Bharathi Cement Corporation - India
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- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
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- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
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- Energy Development Corp, Philippines
- Bhatia International Limited - India
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- Minerals Council of Australia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
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