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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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Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- PTC India Limited - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- The University of Queensland
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
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