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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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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- SMC Global Power, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
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- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
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- Renaissance Capital - South Africa
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- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
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- Energy Development Corp, Philippines
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- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
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- White Energy Company Limited
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- ICICI Bank Limited - India
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- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
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- Kaltim Prima Coal - Indonesia
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- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
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- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
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- Sakthi Sugars Limited - India
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- Posco Energy - South Korea
- Thai Mozambique Logistica
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- Economic Council, Georgia
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- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
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- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
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- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
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- Ministry of Finance - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
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- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Parliament of New Zealand
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- The University of Queensland
- Indonesian Coal Mining Association
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- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
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- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Romanian Commodities Exchange
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- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
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