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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, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
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