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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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Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
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- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
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