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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, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
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- Globalindo Alam Lestari - Indonesia
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- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
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- Chamber of Mines of South Africa
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- Oldendorff Carriers - Singapore
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- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
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- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Parliament of New Zealand
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- Tata Chemicals Ltd - India
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- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
- McConnell Dowell - Australia
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- Banpu Public Company Limited - Thailand
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- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
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- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
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- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
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- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- Siam City Cement PLC, Thailand
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- Semirara Mining Corp, Philippines
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- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
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- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
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- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
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- Pipit Mutiara Jaya. PT, Indonesia
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- Directorate Of Revenue Intelligence - India
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- Mintek Dendrill Indonesia
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- Bhushan Steel Limited - India
- Australian Coal Association
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- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
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- Price Waterhouse Coopers - Russia
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- PetroVietnam Power Coal Import and Supply Company
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