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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, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...
Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
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- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
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- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- The University of Queensland
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- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
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- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
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