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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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Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
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- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Australian Coal Association
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
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