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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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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
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- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
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- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
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- New Zealand Coal & Carbon
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- Dalmia Cement Bharat India
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- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
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- Bulk Trading Sa - Switzerland
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- Thai Mozambique Logistica
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- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
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- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
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- Bharathi Cement Corporation - India
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- White Energy Company Limited
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- Indian Energy Exchange, India
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- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
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- Mjunction Services Limited - India
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- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
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- Alfred C Toepfer International GmbH - Germany
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- Agrawal Coal Company - India
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- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
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- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
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- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
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- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
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- Indian Oil Corporation Limited
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- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
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- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
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- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
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- Parry Sugars Refinery, India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
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