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Tuesday, 24 October 17
KOMIPO INVITED BIDS FOR MIN. 4600 NAR BLENDED SUB-BITUMINOUS COAL OF INDONESIAN ORIGIN FOR BORYEONG OR NEW BORYEONG POWER PLANT
KOMIPOCOALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 5,000,000 Metric Tons of blended sub-bituminous coal of Indonesian origin to be burnt  at Boryeong or new Boryeong power plant for five years starting from 2018.

According to the tender, the total quantity of coal to be purchased is 1,000,000 Metric Tons (MT) of minimum 4600 NAR coal of Indonesian origin per annum starting from CY 2018 to CY 2022 basis one Single Fixed Price Based on FOBT. Each Bidder shall propose minimum annual quantity more than 500,000 MT.

The Price offered by Bidders is available for 1st CY. The Price for the remaining CY from 2nd CY (Jan 2019 – Dec 2019) to 5th CY(Jan 2022- Dec 2022) shall be mutually negotiated. KOMIPO has a right to extend the contract term by additional two(2) years subject to mutual agreement.

The coal shall be shipped at the port of loading in accordance with the following schedule:

Quantity
1 million ton per annum.

Shipment size
70,000MT - 90,000MT (+/-10%)

Quality (based on ASTM standards)
Total Moisture (arb) Max. 28%
Volatile Matter (adb) Min 22 - Max 45%
Ash (adb) Max 17%
Total Sulfur (arb) Max 0.9%
Net Calorific Value minimum 4600 Kcal/Kg

Shipment period
CY 2018 – CY 2022

Restrictions
Only Indonesian coal is allowed to attend

Bid closing date
October 27, 2017 14:00 kST

The Bid documents can be submitted in person, by mail or courier not later than August 16, 2017, to Mr. You Shin Kim/ General Manager / Fuel 1 Team, Smart work center Seoul Power Plant, Korea Midland Power Company Limited, 56, Tojeong-ro, Mapo-gu, Seoul, Republic of Korea.


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