Coal news and updates

NTPC float IFBs to procure 5 mt imported coal

July 2: NTPC Ltd., Asia’s single largest power generation company, on July 2 floated four separate invitation for bids (IFBs) to procure a total of 5.0 million tons (mt) imported coal on FOR basis for its 12 power plants.

Of the total four IFB for 5.0 mt floated on July 2, the company intend to procure 1.80 mt coal for Talcher, Kaniha, Farakka and Kahalgaon Power Plants.

It will procure 1.60 mt imported coal for Simhadri and Ramagundam power plants, 0.90 mt for Dadri, Sipat, Korba and Mouda plants, and 0.70 mt for Rihand and Vindhyachal plants.

The bidding documents to be submitted in two separate envelops for Techno-Commercial and Price bid, for the all the packages are available on sale from July 2 to July 23.

The opening of Techno-Commercial bids would be done on August 7 and the date of opening of price bids for the respective packages would be intimated separately.

The new tenders have been floated even as it is yet to place order to procure 7.0 mt imported coal against its IFB floated in April last as technical bid evaluation is still going. The price bids would be opened soon.

NTPC has been given a target by Central Electricity Authority (CEA), a wing of Ministry of Power, to use upto 16.60 mt of imported coal in 2014-15, same as that of 2013-14.  Till the first two months of 2014-15 i.e., May 2014, the company has managed to bring in a total of about 2.54 mt imported coal.

In 2013-14, NTPC had imported a total of 10.56 mt of coal, which was 64% of the target of 16.60 mt for the year, according to data available with ICMW.