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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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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
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- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Posco Energy - South Korea
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- The Treasury - Australian Government
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- Mintek Dendrill Indonesia
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- PTC India Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
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- Bulk Trading Sa - Switzerland
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- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Baramulti Group, Indonesia
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- Meenaskhi Energy Private Limited - India
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- Chamber of Mines of South Africa
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- The University of Queensland
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- Sarangani Energy Corporation, Philippines
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- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Planning Commission, India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
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- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Ind-Barath Power Infra Limited - India
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- Indian Oil Corporation Limited
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- Simpson Spence & Young - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
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- Standard Chartered Bank - UAE
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- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
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- Economic Council, Georgia
- Australian Commodity Traders Exchange
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- Oldendorff Carriers - Singapore
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- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
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- White Energy Company Limited
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
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- Indian Energy Exchange, India
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- Wood Mackenzie - Singapore
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