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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, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
...
Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sarangani Energy Corporation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
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- India Bulls Power Limited - India
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- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
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- Australian Commodity Traders Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
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- Singapore Mercantile Exchange
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- Indogreen Group - Indonesia
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- Electricity Authority, New Zealand
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- New Zealand Coal & Carbon
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- London Commodity Brokers - England
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- Indonesian Coal Mining Association
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- Riau Bara Harum - Indonesia
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- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
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- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
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- Renaissance Capital - South Africa
- Mjunction Services Limited - India
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- Power Finance Corporation Ltd., India
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- White Energy Company Limited
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- Africa Commodities Group - South Africa
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- Videocon Industries ltd - India
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- IEA Clean Coal Centre - UK
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- Thiess Contractors Indonesia
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- Energy Link Ltd, New Zealand
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- Coal and Oil Company - UAE
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- Price Waterhouse Coopers - Russia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
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- Banpu Public Company Limited - Thailand
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- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
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- Economic Council, Georgia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
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- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
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- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
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- Heidelberg Cement - Germany
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- Independent Power Producers Association of India
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- Siam City Cement PLC, Thailand
- Australian Coal Association
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- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Alfred C Toepfer International GmbH - Germany
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