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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, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- New Zealand Coal & Carbon
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- The Treasury - Australian Government
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
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- SMG Consultants - Indonesia
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- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
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- Commonwealth Bank - Australia
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- White Energy Company Limited
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- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
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- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
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- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
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- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
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- Georgia Ports Authority, United States
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- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
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- San Jose City I Power Corp, Philippines
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- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
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- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
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- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
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- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
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- Directorate General of MIneral and Coal - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
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- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Dalmia Cement Bharat India
- The University of Queensland
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
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- Maharashtra Electricity Regulatory Commission - India
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