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S.Korea's WP buys 660,000 T coal for 2019-2023

Published 04/09/2018, 04:43 pm
Updated 04/09/2018, 04:50 pm
© Reuters.  S.Korea's WP buys 660,000 T coal for 2019-2023

SEOUL, Sept 4 (Reuters) - Korea Western Power Co Ltd (WP) bought 660,000 tonnes of high-calorific coal via a four-year term tender that closed on Friday, while passing on another tender to buy 660,000 tonnes of low-calorific coal, a source from the state-run utility said on Tuesday.

While the source declined to give price and seller information of the purchased tender, nor the reasons for declining another, other details of two tenders are as follows:

--Coal purchase

TONNES(M/T)

SPECIFICATION(NCV) ORIGINS

CONTRACT PERIOD

660,000

min. 5,700 kcal/kg Australia Jan 2019-Mar 2023

--Declined coal tender

TONNES(M/T)

SPECIFICATION(NCV) CONTRACT PERIOD

660,000

min. 5,200 kcal/kg Jan 2019-Mar 2023

* Note: NCV stands for Net Calorific Value.

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