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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, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- Indian Energy Exchange, India
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- Central Java Power - Indonesia
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- Indian Oil Corporation Limited
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- Mercuria Energy - Indonesia
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- Edison Trading Spa - Italy
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- Minerals Council of Australia
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- VISA Power Limited - India
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- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
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- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
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- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
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- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
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- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
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- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
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- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
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- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Australian Coal Association
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- Sindya Power Generating Company Private Ltd
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- McConnell Dowell - Australia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
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- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
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- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- The University of Queensland
- ASAPP Information Group - India
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- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
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- Baramulti Group, Indonesia
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- Electricity Authority, New Zealand
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- Planning Commission, India
- Bulk Trading Sa - Switzerland
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- Latin American Coal - Colombia
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- Global Green Power PLC Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Wilmar Investment Holdings
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- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
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