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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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Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
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- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
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