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Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply contracts since the power plants it was seeking the coal for had been privatized.
The state-run power firm held 3 separate tenders for 11 lots of 65,000 tons each in July and September to buy steam coal for the Pagbilao and Sual coal power stations in the main Luzon island.
Napocor said on its website that it did not proceed with the award of 585,000 tons of coal and cancelled the evaluation of bids for another 130,000 tons because the Sual and Pagbilao power plants had been privatized.
The energy unit of Philippine food-to-power conglomerate San Miguel Corp. took over control of the 1,000-megawatt Sual plant earlier this month after submitting the highest bid at a tender in August.
Therma Luzon Inc., a subsidiary of Aboitiz Equity Ventures, secured the contract for the 700-MW Pagbilao facility.
The deal requires the 2 companies to procure coal and other fuel for the power plants.
Napocor has awarded nearly 1.4 million tons in coal supply contracts to several Indonesian suppliers this year, just a third of the 4.18 million tons that the company imported in 2008, after privatising a number of coal-fed power facilities.
The power firm earlier postponed indefinitely a tender for supply of 50,000 tons of steam coal meant for its Naga-Cebu thermal power plant in the central Philippines
Source: ABC-CBN News
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Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Price Waterhouse Coopers - Russia
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- The University of Queensland
- Romanian Commodities Exchange
- Minerals Council of Australia
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- Billiton Holdings Pty Ltd - Australia
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- SMC Global Power, Philippines
- Australian Coal Association
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- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Edison Trading Spa - Italy
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