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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, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
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- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- The University of Queensland
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
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