COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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   



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today. & ...


Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...


Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...


Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...


Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...


   1354 1355 1356 1357 1358   
Showing 6776 to 6780 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ambuja Cements Ltd - India
  • Anglo American - United Kingdom
  • Credit Suisse - India
  • Clarksons - UK
  • Semirara Mining Corp, Philippines
  • CESC Limited - India
  • ACC Limited - India
  • JPMorgan - India
  • VISA Power Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Indorama - Singapore
  • Samtan Co., Ltd - South Korea
  • Thomson Reuters GRC
  • Independent Power Producers Association of India
  • Simpson Spence & Young - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Kobe Steel Ltd - Japan
  • Wilmar Investment Holdings
  • Indonesian Coal Mining Association
  • Shenhua Group - China
  • DBS Bank - Singapore
  • Maybank - Singapore
  • Inspectorate - India
  • Deloitte Consulting - India
  • PetroVietnam
  • HSBC - Hong Kong
  • Singapore Mercantile Exchange
  • TeaM Sual Corporation - Philippines
  • LBH Netherlands Bv - Netherlands
  • San Jose City I Power Corp, Philippines
  • Ministry of Finance - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Bank of America
  • Sojitz Corporation - Japan
  • Geoservices-GeoAssay Lab
  • Tata Power - India
  • Indo Tambangraya Megah - Indonesia
  • The State Trading Corporation of India Ltd
  • Rio Tinto Coal - Australia
  • Binh Thuan Hamico - Vietnam
  • IOL Indonesia
  • Japan Coal Energy Center
  • Ceylon Electricity Board - Sri Lanka
  • Inco-Indonesia
  • Freeport Indonesia
  • Commonwealth Bank - Australia
  • Timah Investasi Mineral - Indoneisa
  • Sucofindo - Indonesia
  • Standard Chartered Bank - UAE
  • Coalindo Energy - Indonesia
  • Deutsche Bank - India
  • Bulk Trading Sa - Switzerland
  • IHS Mccloskey Coal Group - USA
  • UBS Singapore
  • Merrill Lynch Commodities Europe
  • KPMG - USA
  • Total Coal South Africa
  • Electricity Generating Authority of Thailand
  • Mitsui
  • Videocon Industries ltd - India
  • Agrawal Coal Company - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Platou - Singapore
  • Cebu Energy, Philippines
  • Thriveni
  • Romanian Commodities Exchange
  • Uttam Galva Steels Limited - India
  • Latin American Coal - Colombia
  • ING Bank NV - Singapore
  • Britmindo - Indonesia
  • Bhatia International Limited - India
  • World Bank
  • Humpuss - Indonesia
  • Australian Coal Association
  • PTC India Limited - India
  • Gresik Semen - Indonesia
  • Heidelberg Cement - Germany
  • Kalimantan Lumbung Energi - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Glencore India Pvt. Ltd
  • Meenaskhi Energy Private Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • GHCL Limited - India
  • Sical Logistics Limited - India
  • Cosco
  • Bank of China, Malaysia
  • Chamber of Mines of South Africa
  • Sree Jayajothi Cements Limited - India
  • Eastern Energy - Thailand
  • Argus Media - Singapore
  • Shree Cement - India
  • Thiess Contractors Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • KOWEPO - South Korea
  • Lanco Infratech Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Arch Coal - USA
  • The India Cements Ltd
  • Aditya Birla Group - India
  • OCBC - Singapore
  • Karaikal Port Pvt Ltd - India
  • Grasim Industreis Ltd - India
  • Madhucon Powers Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Panama Canal Authority
  • India Bulls Power Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • SASOL - South Africa
  • Infraline Energy - India
  • Core Mineral Indonesia
  • Coal Orbis AG
  • SMC Global Power, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • Baramulti Group, Indonesia
  • ASAPP Information Group - India
  • CCIC - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Petrosea - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Malco - India
  • Tata Chemicals Ltd - India
  • NALCO India
  • Bayan Resources Tbk. - Indonesia
  • Malabar Cements Ltd - India
  • EIA - United States
  • Star Paper Mills Limited - India
  • Thai Mozambique Logistica
  • Barasentosa Lestari - Indonesia
  • Siam City Cement - Thailand
  • Directorate Of Revenue Intelligence - India
  • Dalmia Cement Bharat India
  • Mercator Lines Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • SMG Consultants - Indonesia
  • Arutmin Indonesia
  • Parliament of New Zealand
  • Wood Mackenzie - Singapore
  • Power Finance Corporation Ltd., India
  • Antam Resourcindo - Indonesia
  • ANZ Bank - Australia
  • Noble Europe Ltd - UK
  • Indonesia Power. PT
  • Coal and Oil Company - UAE
  • Central Java Power - Indonesia
  • GNFC Limited - India
  • Coaltrans Conferences
  • Xstrata Coal
  • Thailand Anthracite
  • Jorong Barutama Greston.PT - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • CNBM International Corporation - China
  • Lafarge - France
  • TNPL - India
  • Attock Cement Pakistan Limited
  • Vale Mozambique
  • Sarangani Energy Corporation, Philippines
  • Georgia Ports Authority, United States
  • CIMB Investment Bank - Malaysia
  • CoalTek, United States
  • Reliance Power - India
  • Cargill India Pvt Ltd
  • Maersk Broker
  • Vijayanagar Sugar Pvt Ltd - India
  • MS Steel International - UAE
  • Aboitiz Power Corporation - Philippines
  • Moodys - Singapore
  • Price Waterhouse Coopers - Russia
  • BRS Brokers - Singapore
  • Eastern Coal Council - USA
  • Metalloyd Limited - United Kingdom
  • Coastal Gujarat Power Limited - India
  • Vizag Seaport Private Limited - India
  • Savvy Resources Ltd - HongKong
  • Mechel - Russia
  • Indian Energy Exchange, India
  • GMR Energy Limited - India
  • MEC Coal - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Therma Luzon, Inc, Philippines
  • EMO - The Netherlands
  • Indian Oil Corporation Limited
  • Maruti Cements - India
  • Cement Manufacturers Association - India
  • Indika Energy - Indonesia
  • WorleyParsons
  • Carbofer General Trading SA - India
  • Sakthi Sugars Limited - India
  • Bangladesh Power Developement Board
  • Siam City Cement PLC, Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • Mjunction Services Limited - India
  • Iligan Light & Power Inc, Philippines
  • Samsung - South Korea
  • Asian Development Bank
  • Idemitsu - Japan
  • Global Green Power PLC Corporation, Philippines
  • South Luzon Thermal Energy Corporation
  • Russian Coal LLC
  • Africa Commodities Group - South Africa
  • Indogreen Group - Indonesia
  • ICICI Bank Limited - India
  • GAC Shipping (India) Pvt Ltd
  • Permata Bank - Indonesia
  • SUEK AG - Indonesia
  • Surastha Cement
  • Trasteel International SA, Italy
  • Rudhra Energy - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • ETA - Dubai
  • Adaro Indonesia
  • KEPCO - South Korea
  • TRAFIGURA, South Korea
  • Petrochimia International Co. Ltd.- Taiwan
  • BNP Paribas - Singapore
  • Bangkok Bank PCL
  • McConnell Dowell - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • IEA Clean Coal Centre - UK
  • SGS (Thailand) Limited
  • Jaiprakash Power Ventures ltd
  • Salva Resources Pvt Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Ince & co LLP
  • Mitsubishi Corporation
  • McKinsey & Co - India
  • Fearnleys - India
  • Altura Mining Limited, Indonesia
  • PLN Batubara - Indonesia
  • Mercuria Energy - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Global Coal Blending Company Limited - Australia
  • Enel Italy
  • Electricity Authority, New Zealand
  • PowerSource Philippines DevCo
  • Karbindo Abesyapradhi - Indoneisa
  • Borneo Indobara - Indonesia
  • U S Energy Resources
  • Pendopo Energi Batubara - Indonesia
  • Ministry of Transport, Egypt
  • APGENCO India
  • Bharathi Cement Corporation - India
  • Kobexindo Tractors - Indoneisa
  • Posco Energy - South Korea
  • Holcim Trading Pte Ltd - Singapore
  • Edison Trading Spa - Italy
  • World Coal - UK
  • Miang Besar Coal Terminal - Indonesia
  • TGV SRAAC LIMITED, India
  • Global Business Power Corporation, Philippines
  • Planning Commission, India
  • bp singapore
  • Mintek Dendrill Indonesia
  • Coeclerici Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Goldman Sachs - Singapore
  • Platts
  • Energy Development Corp, Philippines
  • Manunggal Multi Energi - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Petron Corporation, Philippines
  • Vitol - Bahrain
  • Tamil Nadu electricity Board
  • IMC Shipping - Singapore
  • globalCOAL - UK
  • Globalindo Alam Lestari - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Gujarat Sidhee Cement - India
  • Kepco SPC Power Corporation, Philippines
  • International Coal Ventures Pvt Ltd - India
  • Berau Coal - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Cardiff University - UK
  • Ministry of Mines - Canada
  • Alfred C Toepfer International GmbH - Germany
  • Tanito Harum - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Cemex - Philippines
  • KPCL - India
  • New Zealand Coal & Carbon
  • Kumho Petrochemical, South Korea
  • Mitra SK Pvt Ltd - India
  • Port Waratah Coal Services - Australia
  • Medco Energi Mining Internasional
  • Indian School of Mines
  • PLN - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Central Electricity Authority - India
  • GB Group - China
  • Gupta Coal India Ltd
  • Barclays Capital - USA
  • Jatenergy - Australia
  • Economic Council, Georgia
  • Cigading International Bulk Terminal - Indonesia
  • GVK Power & Infra Limited - India
  • Peabody Energy - USA
  • Parry Sugars Refinery, India
  • Orica Mining Services - Indonesia
  • SRK Consulting
  • Merrill Lynch Bank
  • IBC Asia (S) Pte Ltd
  • PNOC Exploration Corporation - Philippines
  • Orica Australia Pty. Ltd.
  • Essar Steel Hazira Ltd - India
  • Energy Link Ltd, New Zealand
  • Bhushan Steel Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • J M Baxi & Co - India
  • Sindya Power Generating Company Private Ltd
  • Intertek Mineral Services - Indonesia
  • Makarim & Taira - Indonesia
  • Bhoruka Overseas - Indonesia
  • TANGEDCO India
  • Interocean Group of Companies - India
  • Renaissance Capital - South Africa
  • Banpu Public Company Limited - Thailand
  • Meralco Power Generation, Philippines
  • European Bulk Services B.V. - Netherlands
  • Jindal Steel & Power Ltd - India
  • Coal India Limited
  • The University of Queensland
  • Runge Indonesia
  • The Treasury - Australian Government
  • JPower - Japan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Xindia Steels Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • NTPC Limited - India
  • Vedanta Resources Plc - India
  • Asia Cement - Taiwan
  • Riau Bara Harum - Indonesia
  • Marubeni Corporation - India
  • Ind-Barath Power Infra Limited - India
  • London Commodity Brokers - England
  • Australian Commodity Traders Exchange
  • White Energy Company Limited
  • Thermax Limited - India
  • Adani Power Ltd - India
  • Pinang Coal Indonesia
  • Formosa Plastics Group - Taiwan
  • Qatrana Cement - Jordan
  • Minerals Council of Australia
  • UOB Asia (HK) Ltd
  • Larsen & Toubro Limited - India
  • RBS Sempra - UK