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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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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Australian Coal Association
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- Indonesian Coal Mining Association
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- Ministry of Transport, Egypt
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- Electricity Authority, New Zealand
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- Chamber of Mines of South Africa
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- Bhatia International Limited - India
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- Ministry of Mines - Canada
- Xindia Steels Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- GVK Power & Infra Limited - India
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- Altura Mining Limited, Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bharathi Cement Corporation - India
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- Global Business Power Corporation, Philippines
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- Africa Commodities Group - South Africa
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- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
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- Price Waterhouse Coopers - Russia
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- Sojitz Corporation - Japan
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- Energy Link Ltd, New Zealand
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- Indian Energy Exchange, India
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- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
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- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
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- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
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- Energy Development Corp, Philippines
- White Energy Company Limited
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- Orica Australia Pty. Ltd.
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- Formosa Plastics Group - Taiwan
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- SN Aboitiz Power Inc, Philippines
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- Jaiprakash Power Ventures ltd
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- PNOC Exploration Corporation - Philippines
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- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
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- India Bulls Power Limited - India
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