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Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY


COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Ltd. and Korea Western Power Co. Ltd invites bids for 670,000 Metric Tons of coal to be delivered during January and February 2013.

Bidders are requested to offer in lots of 65,000 to 70,000 MT (for shipment from China) or 130,000 to 140,000 MT (for shipment from Australia, Canada, South Africa, USA, Columbia and etc.). Bidders are requested offer one single fixed price (U$) based on FOBT terms.

The tender terms restricted to offer coal from either Russia or Indonesia against this tender.

EWP to purchase 670,000 Metric Tons of coal on a fixed price basis and asked to deliver during January and February 2013. If the bid price turns out to be competitive, five Gencos planning to buy additional tonnages, the tender document said.

According to tender document, EWP can accepted coal with Total Moisture (As received basis) Max. 15% (Total Moisture is acceptable up to 18.5% max., if ash content (Air Dried Basis is equal to or less than 10.0%), Volatile Matter (Air dried basis) 22 - 36%, Ash (Air dried basis) Max. 17%, Total Sulphur (As received basis) Max. 1.0% and Net Calorific Value (As Received Basis) Min. 5,700 kcal/kg based on ASTM standards.

However, according to tender document,  EWP may select a bidder who proposes deviated qualities which is out of the limit of range as a final awardees after mutual agreement on the terms and conditions including price if five Gencos judge that coal can be used by power plants of Gencos and considering the economic effect resulting from deviation.

Bidders are requested to submit their bids not later than 11:00 a.m., November 7 2012 (Korean Standard Time).



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