COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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   



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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, ...


   978 979 980 981 982   
Showing 4896 to 4900 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Cargill India Pvt Ltd
  • Timah Investasi Mineral - Indoneisa
  • KPMG - USA
  • Makarim & Taira - Indonesia
  • White Energy Company Limited
  • CIMB Investment Bank - Malaysia
  • Baramulti Group, Indonesia
  • Altura Mining Limited, Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Adani Power Ltd - India
  • MS Steel International - UAE
  • Toyota Tsusho Corporation, Japan
  • Bulk Trading Sa - Switzerland
  • Samsung - South Korea
  • Minerals Council of Australia
  • The Treasury - Australian Government
  • OCBC - Singapore
  • Mjunction Services Limited - India
  • BRS Brokers - Singapore
  • Anglo American - United Kingdom
  • Panama Canal Authority
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mercator Lines Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Independent Power Producers Association of India
  • Credit Suisse - India
  • Japan Coal Energy Center
  • PNOC Exploration Corporation - Philippines
  • IEA Clean Coal Centre - UK
  • Xstrata Coal
  • Krishnapatnam Port Company Ltd. - India
  • NTPC Limited - India
  • ICICI Bank Limited - India
  • Bhushan Steel Limited - India
  • Posco Energy - South Korea
  • Antam Resourcindo - Indonesia
  • GHCL Limited - India
  • Kaltim Prima Coal - Indonesia
  • globalCOAL - UK
  • Aditya Birla Group - India
  • Coeclerici Indonesia
  • SUEK AG - Indonesia
  • Metalloyd Limited - United Kingdom
  • Sree Jayajothi Cements Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Australian Commodity Traders Exchange
  • Bukit Baiduri Energy - Indonesia
  • IOL Indonesia
  • VISA Power Limited - India
  • PLN Batubara - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Trasteel International SA, Italy
  • Idemitsu - Japan
  • Borneo Indobara - Indonesia
  • Ministry of Mines - Canada
  • International Coal Ventures Pvt Ltd - India
  • Permata Bank - Indonesia
  • SMC Global Power, Philippines
  • Interocean Group of Companies - India
  • Thomson Reuters GRC
  • Standard Chartered Bank - UAE
  • India Bulls Power Limited - India
  • Asian Development Bank
  • Parry Sugars Refinery, India
  • EMO - The Netherlands
  • PetroVietnam
  • Energy Link Ltd, New Zealand
  • Gujarat Mineral Development Corp Ltd - India
  • Orica Mining Services - Indonesia
  • Eastern Coal Council - USA
  • Barclays Capital - 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
  • Platou - Singapore
  • Platts
  • CoalTek, United States
  • Runge Indonesia
  • Shenhua Group - China
  • Semirara Mining and Power Corporation, Philippines
  • Indika Energy - Indonesia
  • Freeport Indonesia
  • Savvy Resources Ltd - HongKong
  • Deutsche Bank - India
  • Adaro Indonesia
  • Petrosea - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Russian Coal LLC
  • Jaiprakash Power Ventures ltd
  • Indogreen Group - Indonesia
  • WorleyParsons
  • Global Business Power Corporation, Philippines
  • Eastern Energy - Thailand
  • Coastal Gujarat Power Limited - India
  • Total Coal South Africa
  • Iligan Light & Power Inc, Philippines
  • ETA - Dubai
  • Arutmin Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Gujarat Electricity Regulatory Commission - India
  • TNB Fuel Sdn Bhd - Malaysia
  • ANZ Bank - Australia
  • Power Finance Corporation Ltd., India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Merrill Lynch Bank
  • SRK Consulting
  • Bayan Resources Tbk. - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Economic Council, Georgia
  • Miang Besar Coal Terminal - Indonesia
  • TANGEDCO India
  • EIA - United States
  • Romanian Commodities Exchange
  • Karbindo Abesyapradhi - Indoneisa
  • Gupta Coal India Ltd
  • Bank of China, Malaysia
  • Petron Corporation, Philippines
  • Rashtriya Ispat Nigam Limited - India
  • Uttam Galva Steels Limited - India
  • Malco - India
  • Port Waratah Coal Services - Australia
  • Coalindo Energy - Indonesia
  • GVK Power & Infra Limited - India
  • Pendopo Energi Batubara - Indonesia
  • PLN - Indonesia
  • Global Coal Blending Company Limited - Australia
  • CCIC - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Grasim Industreis Ltd - India
  • Energy Development Corp, Philippines
  • Shree Cement - India
  • Ince & co LLP
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Peabody Energy - USA
  • Bharathi Cement Corporation - India
  • Indo Tambangraya Megah - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Essar Steel Hazira Ltd - India
  • bp singapore
  • Cement Manufacturers Association - India
  • Jorong Barutama Greston.PT - Indonesia
  • Bhatia International Limited - India
  • Mitsui
  • Merrill Lynch Commodities Europe
  • Maersk Broker
  • IHS Mccloskey Coal Group - USA
  • TNPL - India
  • 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
  • Lafarge - France
  • Jatenergy - Australia
  • Clarksons - UK
  • Ministry of Transport, Egypt
  • U S Energy Resources
  • Globalindo Alam Lestari - Indonesia
  • TGV SRAAC LIMITED, India
  • Meralco Power Generation, Philippines
  • Malabar Cements Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • PTC India Limited - India
  • Binh Thuan Hamico - Vietnam
  • Tata Chemicals Ltd - India
  • Britmindo - Indonesia
  • J M Baxi & Co - India
  • Banpu Public Company Limited - Thailand
  • GNFC Limited - India
  • Indian Oil Corporation Limited
  • Price Waterhouse Coopers - Russia
  • The State Trading Corporation of India Ltd
  • RBS Sempra - UK
  • Meenaskhi Energy Private Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Singapore Mercantile Exchange
  • Pipit Mutiara Jaya. PT, Indonesia
  • ACC Limited - India
  • KEPCO - South Korea
  • Dalmia Cement Bharat India
  • Indian Energy Exchange, India
  • Kartika Selabumi Mining - Indonesia
  • Maruti Cements - India
  • Cemex - Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Directorate General of MIneral and Coal - Indonesia
  • Ambuja Cements Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • World Bank
  • Salva Resources Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • Larsen & Toubro Limited - India
  • Kobe Steel Ltd - Japan
  • Barasentosa Lestari - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • World Coal - UK
  • Samtan Co., Ltd - South Korea
  • Core Mineral Indonesia
  • Goldman Sachs - Singapore
  • JPower - Japan
  • Pinang Coal Indonesia
  • Bangkok Bank PCL
  • Thailand Anthracite
  • Marubeni Corporation - India
  • HSBC - Hong Kong
  • Mitra SK Pvt Ltd - India
  • KOWEPO - South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Vedanta Resources Plc - India
  • Electricity Generating Authority of Thailand
  • Moodys - Singapore
  • UBS Singapore
  • Tanito Harum - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Enel Italy
  • Central Java Power - Indonesia
  • Indonesian Coal Mining Association
  • Indorama - Singapore
  • Maybank - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Mintek Dendrill Indonesia
  • Indonesia Power. PT
  • Chettinad Cement Corporation Ltd - India
  • Vitol - Bahrain
  • 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
  • Coal Orbis AG
  • Ernst & Young Pvt. Ltd.
  • Rio Tinto Coal - Australia
  • Georgia Ports Authority, United States
  • GB Group - China
  • Coal and Oil Company - UAE
  • Ceylon Electricity Board - Sri Lanka
  • Karaikal Port Pvt Ltd - India
  • Intertek Mineral Services - Indonesia
  • Thriveni
  • Ministry of Finance - Indonesia
  • McConnell Dowell - Australia
  • TRAFIGURA, South Korea
  • Central Electricity Authority - India
  • Bangladesh Power Developement Board
  • Madhucon Powers Ltd - India
  • SASOL - South Africa
  • Kohat Cement Company Ltd. - Pakistan
  • NALCO India
  • Holcim Trading Pte Ltd - Singapore
  • CESC Limited - India
  • Therma Luzon, Inc, Philippines
  • Star Paper Mills Limited - India
  • Infraline Energy - India
  • London Commodity Brokers - England
  • Gresik Semen - Indonesia
  • Formosa Plastics Group - Taiwan
  • Fearnleys - India
  • Argus Media - Singapore
  • Tamil Nadu electricity Board
  • Mechel - Russia
  • Semirara Mining Corp, Philippines
  • IBC Asia (S) Pte Ltd
  • Gujarat Sidhee Cement - India
  • Indian School of Mines
  • Commonwealth Bank - Australia
  • OPG Power Generation Pvt Ltd - India
  • JPMorgan - India
  • PowerSource Philippines DevCo
  • Thermax Limited - India
  • Agrawal Coal Company - India
  • Noble Europe Ltd - UK
  • Medco Energi Mining Internasional
  • Surastha Cement
  • Geoservices-GeoAssay Lab
  • Cardiff University - UK
  • LBH Netherlands Bv - Netherlands
  • Simpson Spence & Young - Indonesia
  • Carbofer General Trading SA - India
  • Cosco
  • Africa Commodities Group - South Africa
  • ASAPP Information Group - India
  • Australian Coal Association
  • Latin American Coal - Colombia
  • Coaltrans Conferences
  • The India Cements Ltd
  • Chamber of Mines of South Africa
  • Maheswari Brothers Coal Limited - India
  • Bukit Makmur.PT - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Reliance Power - India
  • Rudhra Energy - India
  • Berau Coal - Indonesia
  • Bhoruka Overseas - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Qatrana Cement - Jordan
  • Asmin Koalindo Tuhup - Indonesia
  • Mitsubishi Corporation
  • Riau Bara Harum - Indonesia
  • IMC Shipping - Singapore
  • Sarangani Energy Corporation, Philippines
  • GAC Shipping (India) Pvt Ltd
  • APGENCO India
  • ING Bank NV - Singapore
  • Inco-Indonesia
  • TeaM Sual Corporation - Philippines
  • BNP Paribas - Singapore
  • Sical Logistics Limited - India
  • Renaissance Capital - South Africa
  • Coal India Limited
  • Glencore India Pvt. Ltd
  • Arch Coal - USA
  • The University of Queensland
  • Bank of America
  • Thiess Contractors Indonesia
  • San Jose City I Power Corp, Philippines
  • SGS (Thailand) Limited
  • DBS Bank - Singapore
  • Wilmar Investment Holdings
  • Jindal Steel & Power Ltd - India
  • Aboitiz Power Corporation - Philippines
  • Mercuria Energy - Indonesia
  • Asia Cement - Taiwan
  • Humpuss - Indonesia
  • Thai Mozambique Logistica
  • Vale Mozambique
  • Cebu Energy, Philippines
  • European Bulk Services B.V. - Netherlands
  • Orica Australia Pty. Ltd.
  • Inspectorate - India
  • Sucofindo - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • McKinsey & Co - India
  • Tata Power - India
  • GMR Energy Limited - India
  • New Zealand Coal & Carbon
  • KPCL - India
  • Lanco Infratech Ltd - India
  • Heidelberg Cement - Germany
  • UOB Asia (HK) Ltd
  • Oldendorff Carriers - Singapore
  • Vizag Seaport Private Limited - India
  • MEC Coal - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Deloitte Consulting - India
  • Sakthi Sugars Limited - India