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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, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
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