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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
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- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
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- PowerSource Philippines DevCo
- Planning Commission, India
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- Merrill Lynch Commodities Europe
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- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
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- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
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- SMC Global Power, Philippines
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- GMR Energy Limited - India
- Bangladesh Power Developement Board
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- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- The University of Queensland
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- MS Steel International - UAE
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- Simpson Spence & Young - Indonesia
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- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
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