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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, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...
Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
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- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
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