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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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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- McConnell Dowell - Australia
- MS Steel International - UAE
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
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