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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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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
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Thursday, 12 November 09
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Thursday, 12 November 09
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Wednesday, 11 November 09
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AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...


Wednesday, 11 November 09
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* China has scooped up large volumes of Indonesian coal * Total exports to China in 2010 seen to exceed 20 million T * Chinese, Indian demand may ...


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