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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, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- White Energy Company Limited
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- The University of Queensland
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Africa Commodities Group - South Africa
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