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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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Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
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- Globalindo Alam Lestari - Indonesia
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- Xindia Steels Limited - India
- Aditya Birla Group - India
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- McConnell Dowell - Australia
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- The Treasury - Australian Government
- Videocon Industries ltd - India
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- Commonwealth Bank - Australia
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- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
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- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
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- Indian Energy Exchange, India
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- Merrill Lynch Commodities Europe
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- Parry Sugars Refinery, India
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- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
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- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
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- London Commodity Brokers - England
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- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
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- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
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- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
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- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
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- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
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- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
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- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- SN Aboitiz Power Inc, Philippines
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- Tata Chemicals Ltd - India
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- Petron Corporation, Philippines
- Chamber of Mines of South Africa
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- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
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- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
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- Central Electricity Authority - India
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- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
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- IEA Clean Coal Centre - UK
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- VISA Power Limited - India
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- Wilmar Investment Holdings
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- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
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