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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, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- SMG Consultants - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- New Zealand Coal & Carbon
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- Maheswari Brothers Coal Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Ministry of Transport, Egypt
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- White Energy Company Limited
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- Deloitte Consulting - India
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- Trasteel International SA, Italy
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- Aditya Birla Group - India
- Chamber of Mines of South Africa
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- Petrochimia International Co. Ltd.- Taiwan
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- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Coal and Oil Company - UAE
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- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
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- Tamil Nadu electricity Board
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- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
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- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
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- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
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- VISA Power Limited - India
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- The State Trading Corporation of India Ltd
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- LBH Netherlands Bv - Netherlands
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Planning Commission, India
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- AsiaOL BioFuels Corp., Philippines
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- Larsen & Toubro Limited - India
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- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
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- CNBM International Corporation - China
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
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- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
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- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
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- Vedanta Resources Plc - India
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- Semirara Mining Corp, Philippines
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