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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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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
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Thursday, 25 February 10
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Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...


Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...


Tuesday, 23 February 10
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