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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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Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
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- Therma Luzon, Inc, Philippines
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- Parry Sugars Refinery, India
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- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
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- Indonesian Coal Mining Association
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- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
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- Altura Mining Limited, Indonesia
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- PTC India Limited - India
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- AsiaOL BioFuels Corp., Philippines
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- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
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- Baramulti Group, Indonesia
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- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
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- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
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- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
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- PowerSource Philippines DevCo
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- Petron Corporation, Philippines
- Renaissance Capital - South Africa
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- Standard Chartered Bank - UAE
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- VISA Power Limited - India
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- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
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- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
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- New Zealand Coal & Carbon
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
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- Kepco SPC Power Corporation, Philippines
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- Tata Chemicals Ltd - India
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- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
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- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Vijayanagar Sugar Pvt Ltd - India
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