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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, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
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- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
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- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- The University of Queensland
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- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Independent Power Producers Association of India
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- AsiaOL BioFuels Corp., Philippines
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- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
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- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
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- Bayan Resources Tbk. - Indonesia
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- PowerSource Philippines DevCo
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- Parliament of New Zealand
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- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
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- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
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