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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, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Goldman Sachs - Singapore
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- The University of Queensland
- Barasentosa Lestari - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Australian Coal Association
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
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