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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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Wednesday, 25 March 09
MINISTER ASKS ROYALTIES BE PAID IN COAL, NOT CURRENCY - THE JAKARTA POST
Coal companies could pay their royalties to the government in coal, rather than in rupiah, under a proposal made by Energy and Mineral Resources Min ...
Wednesday, 25 March 09
INDONESIA'S STATE ELECTRICITY COMPANY DEMAND FOR COAL TO SOAR NEXT YEAR AS POWER OUTPUT RISES - THE JAKARTA POST
State electricity company PT PLN will need more coal next year as it seeks to generate more power through new plants operated by its subsidiary PT I ...
Tuesday, 24 March 09
INDONESIA'S KPC AGREES FIRST MAJOR CHINA COAL DEAL - REUTERS
Indonesian miner PT Kaltim Prima Coal last week agreed its first major long-term deal to sell thermal coal to China, with 1 million tonnes to be shi ...
Tuesday, 24 March 09
INDONESIA ANTAM'S SETS ASIDE $37 MLN FOR COAL MINES - REUTERS
Indonesian state-owned miner, PT Aneka Tambang Tbk, has allocated $37 million for acquiring coal mines, the company said on Monday.
Antam said la ...
Monday, 23 March 09
NIPPON STEEL, BMA AGREE TO 57 PCT CUT IN COAL PRICE - REUTERS
Nippon Steel Corp has agreed with Australia's BHP Billiton Mitsubishi Alliance (BMA) to pay $128 to $129 per tonne for coking coal in the year from ...
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- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Planning Commission, India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Parliament of New Zealand
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
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