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Wednesday, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS


Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollowing another failed tender on Wednesday, officials said.

The lone bidder, state-run firm PNOC-Exploration Corp(PNOC-EC) (PEC.PS), fell short of the required bid bond of 42.284 million pesos ($872,555), said Edmund Anguluan, chairman of the bidding committee. "We terminated the bidding because of a technical error," he said. Anguluan said the company is planning to hold another tender but added that PNOC-EC has the option to have its offer reconsidered. Napocor had set a budget of 3,537 pesos per tonne, including cost and freight, for the locally-sourced coal. Last month, the power firm awarded 780,000 tonnes in coal contracts to several Indonesian suppliers for shipment this year. To read more Click
Reuters



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Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
 Korea Western Power Company Limited has finalized around 1.2 million tonnes of  Indonesian origin of coal last week. According to  K ...


Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...


Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...


Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...


Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...


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