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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, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- White Energy Company Limited
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
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