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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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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
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