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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, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Planning Commission, India
- Edison Trading Spa - Italy
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- Krishnapatnam Port Company Ltd. - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
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- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
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- Gujarat Sidhee Cement - India
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- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Australian Coal Association
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- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
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- Goldman Sachs - Singapore
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- India Bulls Power Limited - India
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- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
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- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
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- Meenaskhi Energy Private Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
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- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
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- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
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- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
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- Ambuja Cements Ltd - India
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- Independent Power Producers Association of India
- Baramulti Group, Indonesia
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- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
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- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
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- Altura Mining Limited, Indonesia
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- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
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