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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, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
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