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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Vijayanagar Sugar Pvt Ltd - India
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- ASAPP Information Group - India
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- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
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- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Australian Coal Association
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- The University of Queensland
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- White Energy Company Limited
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
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