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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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Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
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- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Parliament of New Zealand
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
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