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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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Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
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- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
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