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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, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
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- Standard Chartered Bank - UAE
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- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
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- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
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- Indogreen Group - Indonesia
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- Energy Link Ltd, New Zealand
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- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
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- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Electricity Authority, New Zealand
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- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
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- Bayan Resources Tbk. - Indonesia
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- Ministry of Finance - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
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- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Economic Council, Georgia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
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- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
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- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
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- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
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- Chettinad Cement Corporation Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
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- India Bulls Power Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
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