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South Korean utility KOMIPO invites bituminous coal bids for Boryeong power plant

South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 560,000 Metric Tons (MT) of 4,600kcal/kg NAR coal for OCT 2015  – Q2 2016 loading for Boryeong Power Plant.

The total 560k Mt of 4600 kcal/kg NAR coal is required to be shipped in eight shipments on Fixed Price FOBT, within OCT 2015 - Q2 2016  by 8 Panamax vessels.

According to Komipo’s tender terms, the bidders are requested to propose 70,000×2 for OCT 2015 and 70,000×2 for Q4 2015 - Q1 2016 loading and 70,000×2 for Q4 2015 and 70,000×2 for Q1-Q2 2016 loading or 50,000×2 for Q4 2015 and 50,000×2 for Q1-Q2 2016 loading.

KOMIPO requires the suppliers to offer coal with the quality such as Total Moisture (As received basis) Max. 28%, Volatile Matter (Air dried basis) Min 22 Max 45%, Fixed Carbon (Air dried basis) Max 60%, Total Sulfur(As received basis) Max 1.0% and Ash (Air dried basis) Max 17% for minimum 4,600 kcal/kg coal on NAR basis.

Submissions of bids should not later than 14:00hrs on August 19, 2015 (Korean Standard Time).

source: http://coalspot.com