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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, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...
Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
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- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
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- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
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- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Planning Commission, India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
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- Australian Commodity Traders Exchange
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- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
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- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
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- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
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- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
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- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
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- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
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