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Wednesday, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL


ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power Corp. (Napocor) at $80.50 a ton, cost and freight, the lowest of two bids submitted at a tender on Wednesday, a senior official said.

The offer by PT Delta Mineral International covers three lots of thermal coal, at 65,000 tons each lot.

Another Indonesian company, PT Tanito Harum, gave a bid of $81.69 a ton, C&F, for the same volume of the fuel meant for Napocor's Sual power station on the main island of Luzon.

Napocor has set a budget of $81.72 per ton, C&F, for the coal scheduled for delivery between August and October.

The bids will be subject to further technical evaluation, said Robert Balderas, head of the technical working group for the Sual facility. He added the contract may be formally awarded over the next few weeks.

The state-run firm has so far awarded more than 1.5 million tons in coal supply contracts this year to Indonesian firms. That is less than half of the nearly 3.5 million tons it plans to import for 2009.

Napocor has had several failed tenders, with many prospective suppliers finding its budget too low.

Prices of power-station coal in Australia, a benchmark for Asia, held above $71 a ton over the past week, as supplies of prompt-loading cargoes remain limited

Source: ABS-CBN News



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