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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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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
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