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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the state-run firm said on Tuesday.
Napocor is under pressure to source coal for its power plants following two failed tenders last month for a total 390,000 tons of the fuel, as potential suppliers turned away because of the firm's low budget.
The coal for Sual, in three lots of 65,000 tons each with gross calorific value of 5,960-6,750 kcal/kg, is scheduled for delivery between August and October.
Napocor is also to hold a separate tender on July 1 to secure 390,000 tons of steam coal for its Pagbilao power station.
The company needs to import almost 3.5 million tons of coal this year, and has awarded 1.365 million tons in supply contracts to several Indonesian suppliers.
The forecast volume is lower than the 4.18 million tons that Napocor imported in 2008, as it has privatized a number of coal-fed power facilities and since it also sources some of the fuel from domestic suppliers.
Prices of power-station coal from Australia, a benchmark for Asia, fell below $73 a ton last week, taking their cue from easing oil prices and ample supply.
Source: ABC-CBN NEWS (http://www.abs-cbnnews.com/business/06/23/09/napocor-re-tender-195000-t-coal-july)
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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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