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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
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Saturday, 30 January 10
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The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme. "With th ...


Saturday, 30 January 10
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Friday, 29 January 10
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* SAfrica seen shipping 75 pct of its coal to Asia in 2010 * Logistics woes hamper SAfrica exports, India imports India's steam coal imports ar ...


Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...


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