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Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to KOWEPO, the utility bought the cargoes at around USD 88 per tonne on FOB Indonesia basis for GCV (NCV) 4600 - 5000.
However, it was not clear that, the price of US$ 88 for NCV 4600 or NCV 500 coal. The shipping arrangement would be arranged by utility.
The supplies of coal total awarded tonnage should be supplied before the end of this year.
KOWEPO refused to disclose the name of the suppliers who have won the recent tender. However, they said, around 4 - 5 suppliers would share the total tonnage.
Company Overview
Korea Western Power Co., Ltd. (KOWEPO) is a subsidiary of Korea Electric Power Corporation (KEPCO) engaged in producing electricity. It serves the consumers of domestic as well as international markets such as Philippines, Nigeria and India. KOWEPO comprises five power plants in operation and one power plant under construction. Through its combined cycle, thermal, and pumped storage power plants, the company generates around 8,880 MW of power. The company’s generating capacity accounts for 13% of Korea’s total generation capacity.
The company is promoting international projects in cooperation with its parent company to expand its presence. It has established new organizations and designed plans to conduct power generation projects in Cambodia and Sri Lanka for expanding its business operations.
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Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
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