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S.Korea's EWP buys 1.8 mln T/Y coal for 2017-2021

Published 21/12/2016, 06:03 pm
© Reuters.  S.Korea's EWP buys 1.8 mln T/Y coal for 2017-2021
RIO
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SEOUL, Dec 21 (Reuters) - Korea East West Power Co Ltd (EWP) bought a total of 1.8 million tonnes per year of coal via a five-year term tender that closed on Tuesday, a source from the utility said on Wednesday.

The utility purchased the high calorific coal products from Australia and the low calorific coal from Indonesia, the source said, declining to disclose price details.

Other details of the purchase are as follows :

TONNES/Y SPECIFICATION(NCV) SUPPLIER CONTRACT PERIOD

600,000 min. 5,700 kcal/kg Rio Tinto (LON:RIO) Feb 2017 - June 2021

600,000 min. 5,700 kcal/kg Anglo

March 2017-June 2021

600,000 min. 4,600 kcal/kg Avra

March 2017-June 2021

*Note: NCV stands for Net Calorific Value. For the first year of the contract period, the utility bought 300,000 tonnes per year of coal.

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