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Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
KOMIPOCOALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 5700 NAR and min 5,100-5,400 NAR coal to be burnt  at Boryeong or new Boryeong power plant for three years starting from 2018.

According to the tender, the total quantity of coal to be purchased is 750,00 Metric Tons (MT) of minimum 5700 kcal/kg NAR coal and 550,000 Metric Tons (MT) of Min. 5,100~5,400kcal/kg NAR coal per annum starting from CY 2018 to CY 2020 basis one Single Fixed Price Based on FOBT.

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
1.3 million ton per annum.
 
Quality
Min. 5,700 kcal/kg NAR coal (LT07)
Min. 5,700 kcal/kg NAR coal (LT08)
Min. 5,100~5,400 kcal/kg NAR coal (LT09)
Min 5,100~5,400 kcal/kg NAR coal (LT10)
 
Shipment size
125,000MT (+/-10%) - [LT07, 08, 10] 
70,000MT - 90,000MT (+/-10%) - [LT09] 
 
 
Quality (based on ASTM standards) 5,700 kcal/kg NAR coal
Total Moisture (arb) Max. 15%
Volatile Matter (adb) Min 22 - Max 38%
Ash (adb) Max 23%
Total Sulfur (arb) Max 0.9%
Net Calorific Value minimum 5700 Kcal/Kg
 
5,100 - 5,400 kcal/kg NAR coal
Total Moisture (arb) Max. 23%
Volatile Matter (adb) Min 22 - Max 45%
Ash (adb) Max 23%
Total Sulfur (arb) Max 0.9%
Net Calorific Value minimum 5100 kcal/kg and Max. 5,400 Kcal/Kg
 
Shipment period 
CY 2018 – CY 2020
 
Restrictions
- Russian and Chinese coal are not allowed to attend for LT07, LT09 
- Russian and South African coal are not allowed to attend for LT08.
- Russian and Australian coal are not allowed to attend for LT10.
 
Bid closing date
November 23, 2017 11:00 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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Recent News

Thursday, 16 November 17
THE PORT OF NEWCASTLE HAS SHIPPED 14.94 PERCENT LESS COAL IN OCTOBER 2017, DATA SHOWS
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,466.8 ...


Thursday, 16 November 17
GOVERNMENT, 13 COAL MINERS AGREE TO CHANGE CONTRACTS - JP
The government and 13 coal mining companies have agreed to change the old Contract of Work (CoW), as part of the implementation of Law No. 4/20199 ...


Wednesday, 15 November 17
IEA RECOGNISES COAL'S CONTINUOUS IMPORTANCE TO GLOBAL ENERGY NEEDS - WCA
The World Coal Association (WCA) has welcomed the International Energy Agency’s (IEA) recognition that coal will continue to play a vital rol ...


Wednesday, 15 November 17
THERMAL COAL WAS DRAGGED DOWN BY THE WEAKNESS ACROSS THE WIDER ENERGY SECTOR - DANIEL HYNES
The coal market was mixed. Thermal coal was dragged down by the weakness across the wider energy sector, said Daniel Hynes Senior Commodi ...


Wednesday, 15 November 17
MARKET INSIGHT - LINOS KOGEVINAS
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