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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

Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...


Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58 * Initially about 5 mln T offered for tender Reuters reported that,  Korea South ...


Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...


Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...


Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...


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