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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, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
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- Indonesian Coal Mining Association
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- Straits Asia Resources Limited - Singapore
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- Indian Oil Corporation Limited
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- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
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- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
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- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Parliament of New Zealand
- Posco Energy - South Korea
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
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- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Australian Coal Association
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
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- Electricity Generating Authority of Thailand
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- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
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- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
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- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
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- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
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- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
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- LBH Netherlands Bv - Netherlands
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