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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, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
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- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
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- Agrawal Coal Company - India
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- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
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- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
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- Semirara Mining Corp, Philippines
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- Makarim & Taira - Indonesia
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- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
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- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
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- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
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- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
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- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
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- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
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- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
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