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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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Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
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- Ministry of Finance - Indonesia
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- Price Waterhouse Coopers - Russia
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- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
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- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Minerals Council of Australia
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- Gujarat Electricity Regulatory Commission - India
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- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
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- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Planning Commission, India
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- Kumho Petrochemical, South Korea
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- White Energy Company Limited
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- Indian Energy Exchange, India
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- Banpu Public Company Limited - Thailand
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- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Baramulti Group, Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Kaltim Prima Coal - Indonesia
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- Maheswari Brothers Coal Limited - India
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- Bangladesh Power Developement Board
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- Kepco SPC Power Corporation, Philippines
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- The Treasury - Australian Government
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- Indian Oil Corporation Limited
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- India Bulls Power Limited - India
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- VISA Power Limited - India
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- New Zealand Coal & Carbon
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- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
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- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
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- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
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- Petron Corporation, Philippines
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- Toyota Tsusho Corporation, Japan
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- Jaiprakash Power Ventures ltd
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- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
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- European Bulk Services B.V. - Netherlands
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- Tata Chemicals Ltd - India
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- Sical Logistics Limited - India
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- Coal and Oil Company - UAE
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- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
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- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
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- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
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- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
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- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
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