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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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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- Iligan Light & Power Inc, Philippines
- Australian Coal Association
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- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
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- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
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- Wilmar Investment Holdings
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- The Treasury - Australian Government
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- Makarim & Taira - Indonesia
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- Indonesian Coal Mining Association
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- The University of Queensland
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- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
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- Bharathi Cement Corporation - India
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- SMC Global Power, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
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- Chamber of Mines of South Africa
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- Anglo American - United Kingdom
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- Australian Commodity Traders Exchange
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- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- PowerSource Philippines DevCo
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- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
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- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
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