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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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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
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