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Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its local partner to supply a total 130,000 tons of coal in November to December.
Napocor was also reviewing bids from PT Delta Mineral International, but said the second Indonesian firm failed to comply with some requirements and may eventually drop out of the tender if it decides not to sort out its bid
Only PT Delta Mineral submitted bids for the entire volume of 390,000 tons steam coal sought by Napocor on Wednesday for its Pagbilao facility, which supplies power to the main Philippine island of Luzon.
PT Trubaindo submitted bids for two lots of 65,000 tons of coal each, with one lot priced at $80.93 per ton C&F for delivery between Nov. 1 to 10. The second lot was priced at $81.03 per ton C&F for Dec. 1-10 arrival.
Napocor has set a budget of $81.08 per ton C&F for six lots each made up of 65,000 tons coal. It will take about a month for the power firm to finish its review of the bids and award the winning supplier for the Wednesday tender.
Napocor is likely to award a supply contract below its tender requirement of 390,000 tons of coal, but said it would do its best to source its total coal import needs of almost 3.5 million tons this year.
"We will not allow (Napocor to) run out of coal because we cannot afford to have brownouts," Edmund Anguluan, head of the Napocor bidding committee, told reporters.
The supply contracts Napocor has so far awarded to several Indonesian suppliers covered just nearly two-fifths of its 2009 coal import needs, or 1.365 million tons.
Previous Napocor coal tenders were declared failures as potential bidders were turned off by the firm's low budget.
Source: ABC-CBN News (http://www.abs-cbnnews.com/business/07/01/09/indonesian-firm-bids-130000t-coal-napocor)
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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