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Friday, 09 July 21
KOREA SOUTH-EAST POWER CO., LTD. INVITES BIDS FOR 1.86 MILLION TONS OF COAL OF 5600 & 4000 NCV COAL FOR THREE YEARS
 COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 280,000 – 300,000 MT of Min.5,600 (TS: Max 0.6%) NCV coal and 320,000 MT of Min.4,000-Max.5,490 (TS: Max 0.45%) NCV coal for September-October, 2021 delivery for the 1st contract year.
The successful bidders except Russian origin shall be increased contract volume from CY2 to CY3 up to 150% the quantity offered for CY1. (Russian origin shall be increased up to 130%).
According to the bid notice no. KOEN-Coal-2021-LT10-11 terms and conditions, the bidders are required offer 280-300kt ±10% Min.5,600 NCV (TS: Max 0.6%) coal and 320kt ±10% Min.4,000-Max.5,490 NCV (TS: Max 0.45%) coal for CY1 : September - October, 2021 and delivery on one single fixed price on FOBT for CY1 (Only Cape).
Shipment Size
Min.5,600 NCV coal – 2 Capes
Min. 4,000 NCV coal – 4 Panamaxes
Price
One single Origin & Fixed price (USD) based on FOBT
Delivery Schedule
-CY1 : September-October, 2021
-CY2 : November 2021-October 2022 (Evenly Spread)
-CY3 : November 2022-October 2023 (Evenly Spread)
Quality Min.5,600 (TS: Max 0.6%)
Total Moisture (arb) Max. 28%
Volatile Matter (adb) Min 22 - 38
Ash (adb) Max 15%
Total Sulfur (arb) Max 0.6%
Net Calorific Value Min. 5600 Kcal/Kg minimum
Min.4,000-Max.5,490 (TS: Max 0.45%)
Total Moisture (arb) Max. 45%
Volatile Matter (adb) Min 22
Ash (adb) Max 12%
Total Sulfur (arb) Max 0.45%
Net Calorific Value Min. 4,000 - Max. 5,490 Kcal/Kg
Procurement Method
International e-tender
Bid closing date
10:30 A.M., 13th of July, 2021 (Korean Standard Time). The Bid including the price shall be bound as a firm offer and valid till KST 18:00 on 13th of July, 2021.
The Bid documents shall be submitted through the KOEN website not later than the dead line.
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Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK& ...
Thursday, 01 July 21
WHY BUILD 600 NEW UNPROFITABLE COAL PLANTS? - DEUTSCHE WELLE
Governments in Asia are planning 600 new coal plants that could lose investors $150 billion and derail efforts to limit temperature rise in line wi ...
Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a rep ...
Wednesday, 30 June 21
DELTA DUNIA MAKMUR RECORDED AN IMPROVED REVENUE IN Q1 2021; REVENUE INCREASED BY 49% QOQ TO US$160 MILLION ON THE BACK OF COAL PRICE RECOVERY
PT Delta Dunia Makmur Tbk. (“DOID”) released its consolidated financial and operating results that include its primary and wholly-owned ...
Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
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