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S.Korea's KOSEP buys 1.80 mln T coal via term tenders

Published 08/12/2015, 11:44 am
Updated 08/12/2015, 11:50 am
© Reuters.  S.Korea's KOSEP buys 1.80 mln T coal via term tenders

SEOUL, Dec 7 (Reuters) - Korea South-East Power Co Ltd (KOSEP) KOSEP.UL has bought a total of 1.80 million tonnes of steaming coal per year between 2016 and 2020 via two term tenders closed on Friday, a source from the utility said on Tuesday.

The utility declined to disclose supplier information, but other details of the purchases are as follows:

TONNES/YR

SPECIFICATION (NCV)

ORIGIN

PRICE(FOB/T)

520,000

min. 5,700kcal/kg

Australia Around $44

1,280,000

min. 4,600kcal/kg

Indonesia Around $44

* Note: NCV stands for Net Calorific Value. The procurement is for Samcheonpo and Yeonghung Thermal Power Plants.

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