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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, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
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- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Minerals Council of Australia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Planning Commission, India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
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