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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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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...


Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...


Wednesday, 21 October 09
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Wednesday, 21 October 09
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The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...


Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES * RECAPITAL CONFIRMS IT HAS BID FOR BERAU * BAKRIE GROUP LIKELY TO BACK BID – SOURCES ...


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