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Tuesday, 19 May 15
KOMIPO IS SEEKING TOTAL 2.34 MMT OF HCV AND LCV COAL FOR 2015 - 2017
KOMIPOCOALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 2.34 million Metric Tons (MT) of HCV and LCV coal for two years and six months for Boryeong Power Plant.

The total 780,000 Mt of HCV (500K) and LCV (280K) coal should be shipped on FOBT, within July – December  2015 by four cape size vessels and four panamax vessels.

2016 and 2017 coal supplies should be made from January to December each year.  The shipments size remain same as per 2015 deliveries. The bidders are requested to guarantee that each shipment of coal to be supplied entirely from a single mine and to offer with quotation in a single fixed price for 2015 supplies. " The Price for the 2 contract year and 3 contract year will be negotiated by mutual agreement,"  the tender terms says.

KOMIPO requires to suppliers to offer coal with the quality such as Total Moisture (As received basis) Max. 28%, Volatile Matter (Air dried basis) Min 22 Max 36%, Fixed Carbon (Air dried basis) Max 60%, Total Sulfur(As received basis) Max 1.0% and Ash (Air dried basis) Max 17% for minimum 4600 kcal/kg coal on NAR basis.

For 5700 kcal/kg on NAR basis, the Total Moisture (As received basis) should be Max. 15%, Volatile Matter (Air dried basis) Min 22 Max 45%, Fixed Carbon (Air dried basis) Max 60%, Total Sulfur(As received basis) Max 1.0% and Ash (Air dried basis) Max 17%

According to the tender document, bidders are requested to offer a single fixed price for 125,000 Mt × 4 and 70,000 mt X 4 every year stating from July 2015 to December 2017.

Submissions of bids are not later than 11:00hrs on May 26, 2015  (Korean Standard Time).

The Bid documents can be submitted in person, by mail or courier to the address below not later than the deadline.

Mr. Min-Soo Kim
General Manager / Fuel & Resource Team
Procurement & cooperation Office
Korea Midland Power Company Limited
38, Teheran-ro 114-gil, Gangnam-gu, Seoul 135-851,
Republic of Korea


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Recent News

Tuesday, 05 May 15
FOB RICHARDS BAY COAL SWAPS MOVE NORTH THIS PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 increased month over month and week over week. The Q3 swap has increas ...


Monday, 04 May 15
FOB NEWCASTLE COAL SWAP Q1'16 PRICES SLIGHTLY LOWER COMPARED TO Q3'15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 1.38 per MT (3.12%) month over month and US$ 0.93 week on week. ...


Monday, 04 May 15
Q1' 2016 CFR SOUTH CHINA THERMAL COAL SWAP CLOSED HIGH THAN 2015 DERIVATIVES
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.15 (-0.29%) per MT month over month and increased US$ 0.07 ...


Sunday, 03 May 15
DRY BULK INDICES WEAKEN SLIGHTLY THIS WEEK
COALspot.com: The freight market was flat to weak for the week starting from 27 April. The BDI was fell  around 2.17% closed at 580 points. ...


Thursday, 30 April 15
IRON ORE EXPORTS: A DANGEROUS RACE? - CLARKSONS
The surge in iron ore exports in recent years has resulted in a significant decrease in iron ore spot prices, which dipped to a ten year low of bel ...


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