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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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Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
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Showing 6021 to 6025 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
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- Carbofer General Trading SA - India
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- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
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- Minerals Council of Australia
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- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- The University of Queensland
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- Orica Australia Pty. Ltd.
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- Central Electricity Authority - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
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- Star Paper Mills Limited - India
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- Global Green Power PLC Corporation, Philippines
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- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- PTC India Limited - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
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- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
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- Meenaskhi Energy Private Limited - India
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- Bukit Baiduri Energy - Indonesia
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- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
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- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
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- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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- Australian Coal Association
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- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
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- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
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- The Treasury - Australian Government
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