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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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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Latin American Coal - Colombia
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- Romanian Commodities Exchange
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- ICICI Bank Limited - India
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- Kumho Petrochemical, South Korea
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- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
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- Coal and Oil Company - UAE
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- Planning Commission, India
- Metalloyd Limited - United Kingdom
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- New Zealand Coal & Carbon
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- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
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- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
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- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
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- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
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- Krishnapatnam Port Company Ltd. - India
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- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
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- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
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- Power Finance Corporation Ltd., India
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- GVK Power & Infra Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
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- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
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