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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, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Australian Coal Association
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
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