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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, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
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