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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, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
Tuesday, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
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- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- PTC India Limited - India
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