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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER


ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms to supply 130,000 tons of coal for its Pagbilao plant station on the main Luzon island.

The tender was for two lots of 65,000 tons each with gross calorific value of 6,100-6,700 kcal/kg, for delivery between December 27 and January 26.

PT Tanito Harum and PT Arutmin both gave a bid of $76.04 per ton, on a cost and freight basis, for each of the 2 lots, while PT Trubaindo offered to supply the first lot at $72.63 a ton and the second lot at $74.63 a ton, C&F.

Napocor has set a budget of $77.04 a ton, including cost and freight.

Napocor 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 following several failed tenders, with many prospective suppliers turned off by the low budget.

Prices of power-station coal from Australia, a benchmark for Asia, fell $1 last week to $66.13 a ton, the lowest in about 3-� months, as the market remains awash with Indonesian coal amid a period of seasonal low demand.
Source: ABS CBN



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Recent News

Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...


Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...


Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market ...


Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...


Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...


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