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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
...
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- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
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- Pendopo Energi Batubara - Indonesia
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- Heidelberg Cement - Germany
- Australian Coal Association
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- Georgia Ports Authority, United States
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- Chamber of Mines of South Africa
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- Energy Development Corp, Philippines
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- Ind-Barath Power Infra Limited - India
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- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
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- Eastern Energy - Thailand
- PTC India Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
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- MS Steel International - UAE
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- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
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- Wood Mackenzie - Singapore
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- Maharashtra Electricity Regulatory Commission - India
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- Anglo American - United Kingdom
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
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- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Planning Commission, India
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- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
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- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
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- Larsen & Toubro Limited - India
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- Petron Corporation, Philippines
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- Kapuas Tunggal Persada - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Agrawal Coal Company - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
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- Minerals Council of Australia
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- Romanian Commodities Exchange
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- Independent Power Producers Association of India
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- Metalloyd Limited - United Kingdom
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- Wilmar Investment Holdings
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