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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, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
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- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Posco Energy - South Korea
- PTC India Limited - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
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