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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, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Electricity Authority, New Zealand
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- Latin American Coal - Colombia
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- PowerSource Philippines DevCo
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- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
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- Kalimantan Lumbung Energi - Indonesia
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- Independent Power Producers Association of India
- Marubeni Corporation - India
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- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
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- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
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- Economic Council, Georgia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
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- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
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- ASAPP Information Group - India
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- Alfred C Toepfer International GmbH - Germany
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- Intertek Mineral Services - Indonesia
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- White Energy Company Limited
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- The University of Queensland
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
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- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
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