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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, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
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- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
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