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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, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
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- Goldman Sachs - Singapore
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- Mjunction Services Limited - India
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- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
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- Thiess Contractors Indonesia
- Planning Commission, India
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- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
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- Directorate General of MIneral and Coal - Indonesia
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- Iligan Light & Power Inc, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
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- Simpson Spence & Young - Indonesia
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- Orica Australia Pty. Ltd.
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- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
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- LBH Netherlands Bv - Netherlands
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- Merrill Lynch Commodities Europe
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- Attock Cement Pakistan Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
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- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
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- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
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- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
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- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
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- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
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- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
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- Kepco SPC Power Corporation, Philippines
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- Grasim Industreis Ltd - India
- Australian Coal Association
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- Siam City Cement PLC, Thailand
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- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
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- Singapore Mercantile Exchange
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- Star Paper Mills Limited - India
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- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- White Energy Company Limited
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- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
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