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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, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
Wednesday, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
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- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Minerals Council of Australia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
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- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
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- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
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- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- The University of Queensland
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
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- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
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