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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, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
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- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
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- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
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- Essar Steel Hazira Ltd - India
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- IEA Clean Coal Centre - UK
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- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
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- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
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- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
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- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
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- Sojitz Corporation - Japan
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- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
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- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
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- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- SMC Global Power, Philippines
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- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
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- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
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- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
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