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Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender WBPDCL/Tend-Adv/PR/10-11/66/Corp dtd. 18.8.2010, for 1.2 million mt of imported coal to the Power Plants of WBPDCL. Bids close on September 20,2010.
Sealed tenders are invited in four part bidding system from experienced parties for Supply of Non-coking (steam) Coal of Foreign origin for Different Power Stations under WBPDCL. The four parts of the tender would be EMD – Earnest Money Deposit, Qualifying Requirement, Techno Commercial Bid & Price Bid. The bidder should have experience supply of at least one Million Metric Tons of Imported Non-coking Coal per year to any Power Utility in India directly or through PSU, during any 2 (two) financial years within last 5 (five) financial years. In support of the above, the bidder must enclose performance certificate.
Under tender, WBPDCL/Tend-Adv/PR/10-11/66/Corp dtd. 18.8.2010, WBPDCL sought 1.2 million mt of coal for the Period of 12 months.
The tender document says that, the bidder must furnish a firm and unconditional ‘Letter of commitment’ for USD 22.5 Million from any bank (As per list of Banks selected by WBPDCL provided in the tender documents) in India, valid for a minimum of one year and six months. In addition to LoC, bidders also requested to furnish a Bank Guarantee in the prescribed format from any of the scheduled banks mentioned in tender amounting to 2 million US Dollar towards EMD which shall be valid for a period of 90 days from the date of opening.
At this moment other details of tender such as quality of coal, name of delivery ports, delivery terms and payment terms are not available.
Additional information about the tender can be obtained at WBPDCL’s website
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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Thai Mozambique Logistica
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- Simpson Spence & Young - Indonesia
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- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
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- Mjunction Services Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
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