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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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