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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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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Australian Coal Association
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
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