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Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS


 Korea Western Power Company Limited has finalized around 1.2 million tonnes of  Indonesian origin of coal last week. According to  KOWEPO, the utility bought the cargoes at around USD 88 per tonne on FOB Indonesia basis for GCV (NCV) 4600 - 5000. 

However, it was not clear that, the price of US$ 88 for NCV 4600 or NCV 500 coal. The shipping arrangement would be arranged by utility.

The supplies of coal total awarded tonnage should be supplied before the end of this year. 

KOWEPO refused to disclose the name of the suppliers who have won the recent tender. However, they said, around 4 - 5 suppliers would share the total tonnage.

Company Overview
Korea Western Power Co., Ltd. (KOWEPO) is a subsidiary of Korea Electric Power Corporation (KEPCO) engaged in producing electricity. It serves the consumers of domestic as well as international markets such as Philippines, Nigeria and India. KOWEPO comprises five power plants in operation and one power plant under construction. Through its combined cycle, thermal, and pumped storage power plants, the company generates around 8,880 MW of power. The company’s generating capacity accounts for 13% of Korea’s total generation capacity.

The company is promoting international projects in cooperation with its parent company to expand its presence. It has established new organizations and designed plans to conduct power generation projects in Cambodia and Sri Lanka for expanding its business operations.



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