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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN


ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal at $96 a ton, including cost and freight, after the Indonesian firm made the lone offer at a tender on Wednesday.

The coal, with gross calorific value of 5,120-6,640 kcal/kg and meant for Napocor's Naga-Cebu plant, would be delivered in 6 shipments from August to December.

Berau's offer is still subject to further evaluation but "most likely it will be awarded" the supply contract, said Rosalito Castillo, a member of Napocor's bidding committee.

The offer was below Napocor's budget of $101.85 per ton.

Napocor's coal needs had dropped significantly this year after privatising most of its coal-fueled power plants. The 100-megawatt Naga-Cebu plant is the lone coal plant that Napocor is operating.

Australia's thermal coal, a benchmark for Asia, stayed above $95 a ton last week, supported by renewed demand from China.
Source: ABS-CBN News



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Tuesday, 25 May 10
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Tuesday, 25 May 10
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