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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, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
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- The University of Queensland
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- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
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- Altura Mining Limited, Indonesia
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- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Independent Power Producers Association of India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Australian Coal Association
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- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
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- Formosa Plastics Group - Taiwan
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- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
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- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
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- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
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- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
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- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
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