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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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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
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- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Australian Coal Association
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
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