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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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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
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- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
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- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
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- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
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- White Energy Company Limited
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- International Coal Ventures Pvt Ltd - India
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- Wilmar Investment Holdings
- Australian Coal Association
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- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
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- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Thiess Contractors Indonesia
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- Romanian Commodities Exchange
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- Ministry of Mines - Canada
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- Central Electricity Authority - India
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- Independent Power Producers Association of India
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- Xindia Steels Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Orica Australia Pty. Ltd.
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- Holcim Trading Pte Ltd - Singapore
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- Indian Oil Corporation Limited
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- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
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- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
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- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
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- Bayan Resources Tbk. - Indonesia
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- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
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- Carbofer General Trading SA - India
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- Directorate General of MIneral and Coal - Indonesia
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- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Planning Commission, India
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- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
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- Interocean Group of Companies - India
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- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
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- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
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- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
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- Ceylon Electricity Board - Sri Lanka
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- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
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- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- PTC India Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
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- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
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- Parliament of New Zealand
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