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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, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
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