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Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
 COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bituminous steam coal for 5 years for TAEAN Power Plant.
According to the bid notice no. KOWEPO-COAL-2019-LT-1 terms and conditions, the bidders are required offer on FOBT basis.
LT-1-1 (HCV): Min.5,600 kcal/kg NCV (TS : 0.6%max)
LT-1-2 (HCV): Min.5,600 kcal/kg (TS : 0.5%max, Ash : 13%max)
Quantity
LT-1-1 (HCV) - Total Quantity : 1,650k MT+/-10%
330k MT+/-10% (165k MT +/-10% * 2 cargos)
1,320k MT +/-10% (330k MT+/-10% per each year)
LT-1-2 (HCV) - Total Quantity : 990k MT+/-10%
110k MT+/-10% * 1 cargo
1,320k MT +/-10% (220k MT+/-10% per each year)
Shipping Schedule
LT-1-1 (HCV):
1st CY - 1st Shipment
Indonesian Ports : 29 Mar~17 Apr, 2020 | Australian Ports : 3 ~22 Apr, 2020 | Canadian Ports : 8~27 Apr, 2020 | South African Port : 12 Apr~1 May, 2020 | Colombian Ports : 19 May~7 Jun, 2020
1st CY - 2nd Shipment
Indonesian Ports : 1~20 May, 2020 | Australian Ports : 6~25 May, 2020 | Canadian Ports : 11~30 May, 2020 | South African Port : 15 May~3 Jun, 2020 | Colombian Ports : 21 Jun~10 Jul, 2020
2nd CY to 5th CY
1 Jul, 2020~ 30 Jun, 2024
LT-1-2 (HCV)
1st CY – 1 cargo
Indonesian Ports : 26 Apr~15 May, 2020 | Australian Ports : 1~20 May, 2020 | Canadian Ports : 6~25 May, 2020 | South African Port : 11~30 May, 2020 | Colombian Ports : 16 Jun~5 Jul, 2020
2nd CY to 5th CY
1 Jul, 2020~ 30 Jun, 2024
Quality (LT-1-1)
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-36%\
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.6%
Net Calorific Value (arb) : Min 5,700 kcal/kg
Quality (LT-1-2)
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-36%
Ash (adb) : Max. 13%=
Total Sulphur (arb) : Max. 0.5%
Net Calorific Value (arb) : Min 5,600 kcal/kg
Restriction
- East Russian and Chinese coal are not allowed to participate.
- In case of LT-1-2, only producer and trader who have a sole right for sales is able to participate in the bidding.
Procurement Method
International e-tender
Bid closing date
10:00 AM, 6th February, 2020(KOWEPO Server’s Korea Standard Time)
The Bid documents shall be submitted by designated e-mail below not later than the deadline-mail : bidding@iwest.co.kr. The Bid documents which submitted by personal e-mail or a method other than those noted above shall not be accepted.
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Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
Thursday, 30 January 20
PRIVATE SECTOR COMPANIES SEEK 'LEVEL PLAYING FIELD' FOR COAL BLOCK AUCTION - PTI
Private sector companies scouting opportunities for commercial coal mining in the country are seeking a “level playing field” to encour ...
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