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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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Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
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- Formosa Plastics Group - Taiwan
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- Economic Council, Georgia
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- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
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- Tata Chemicals Ltd - India
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- The Treasury - Australian Government
- Independent Power Producers Association of India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
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- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
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- Ministry of Mines - Canada
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
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- Posco Energy - South Korea
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- Videocon Industries ltd - India
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- Africa Commodities Group - South Africa
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- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
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- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
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- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
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- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Xindia Steels Limited - India
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- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
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- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
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- Anglo American - United Kingdom
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
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- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
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- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
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- Riau Bara Harum - Indonesia
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