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Thursday, 16 October 14
KOREA MIDLAND POWER TO BUY 490K MT OF LCV COAL FOR 1Q 2015

COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 490,000 Metric Tons (MT) of LCV (Sub) Bituminous Coal with calorific value minimum 4,600 kcal/kg on NAR basis for its Boryeong Power Plant between Jan-Mar 2015.

According to invitation to bid terms, bidders can offer one single fixed price based on FOBT basis for up to a total tendering amount in lots of 70,000MT(+/-10%) or 90,000MT(+/-10%).

The total moisture (TM) of coal should not more than 28% on as received basis & Ash content should not more than 17% on Air dried basis for minimum  4,600 kcal/kg on NAR basis. The total sulphur of coal on as received basis should not exceeds 1% and Ash Fusion Temperature (IDT) (Reducing Atmosphere) should not lesser than 1,150° C.

Coal producers or marketing companies or traders those who shall meet the whole requirement of ITB including but not limited to, coal quality specification, shipping schedule, quality and whose track record of supply to 5 (five) generation subsidiaries of KEPCO, Tai-power FPG and Japanese Power Utilities including J-Power in total for the past 3 years do not amount to 150,000MT can offer only one cargo based on FOBT are qualified to participate in this tender.

Bidders who have no track record of supply to 5 (five) generation subsidiaries of KEPCO, Tai-power, FPG and Japanese Power Utilities including J-Power for the past 3 years (“New Bidder”) can’t participate in this bid.

According to tender terms, KOMIPO will determine the payment from either Banker‘s Usance Letter of Credit (L/C) or Telegraphic Transfer (T/T) payment basis and notify it to seller. In case a Bidder has specific preference or requirement regarding payment method, required to declare such fact on its Bidding Proposal for KOMIPO’s acceptance.

The terms of tender is saying that, the Bidder’s bid proposal shall be bound as a firm offer and valid for a period of at least five (5) calendar days after the bid closing date. KOMIPO may request the bidder to extend the validity period of the bid proposal, if necessary.

The Bid documents to require to submit on or before 14:00hrs on October 23, 2014 (Korean Standard Time) in person, by mail or courier, but not through e-mail to procurement & cooperation Office of Korea Midland Power Company Limited, in Korea.



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