COAL TENDER: K.GENCO-COAL-2014-JT04

INVITATION TO BID
for Steaming Coal Supply Contract(for Genco?s Power Plants)

1. Bid no. : K.GENCO-COAL-2014-JT04

2. Material and quantity to be procured
a. Material : Bituminous steam coal
b. Quantity and shipping schedule

SPEC.	Quantity	Shipment Schedule (Loading basis)	Base port	Bid Price
NCV min 5,700kcal/kg	923,000MT (7 Capesize)	October to December, 2014	Taean	One single Fixed number (U$) FOBT Only

The difference between the guaranteed NCV and the limit of range for NCV shall be less than 100kcal/kg(within 100kcal/kg)

(1) Shipment Size & Delivery Term
Bidders are requested to offer in lots of 130,000MT for the spec. mentioned in clause 1.2 on FOBT basis only. Regardless of above unit quantity for each Genco, The final unit quantity can be changed as per buyer's request(from 110,000MT to 140,000MT) with ten (10) percent of shipping tolerance being given.
※ No Russian Coal is allowed to participate in this tender.

(2) Shipping schedule
Bidders shall indicate the preferred delivery month within and in accordance with the shipment schedule requested above. Gencos may refer to the bidder`s preferred laycan, however, Gencos will not be obliged to take the Bidder`s preferred lay-can into consideration when deciding the final laycan, and will be free to designate the laycan in light of Genco`s own needs.

(3) Coal Mine
Each shipment of coal to be purchased by Gencos and delivered by the Bidder shall be entirely supplied from a single mine. Supply of coal for any shipment from more than one mine may not be allowed. Upon request by Gencos, a Bidder shall provide to Gencos's satisfaction relevant supporting documents including certificates issued by the relevant authorities of the exporting country to demonstrate the legal status and current situation of the coal mine from which the coal would be supplied.

3. Procurement Method: International Open Bidding

4. Deadline for Bidding: 11:00 AM, May 27, 2014 (Korea Standard Time)

5. Qualification of Bidder
Coal production company or Marketing company or Trading company only those who has performed (without any material problem such as coal quality etc.) any coal supply of no less than 60,000MT(one panamax) to one of the five(5) power generation companies(KOWEPO, KOSEP, KOMIPO, KOSPO, and EWP) or major power generation companies(or electric power companies) in Taiwan, Japan or major steel mill companies in Taiwan, Japan and Korea, who shall meet the whole requirement of ITB including but not limited to coal quality specification, shipping schedule and quality, etc.

If the Bidder has had any material unfaithful performance record in honoring the contract with one of Korean 5 Gencos(KOSEP, KOSPO, GENCOS, KOMIPO, and EWP), KOWEPO shall have the right, at its sole discretion, neither to allow its participation in this Bid nor to award the contract even if it is selected as most competitive one. With regard to this, Bidders are deemed to agree not to raise any claim against KOWEPO?s referring, if any, to other Gencos whether they have any unfaithful track record.

6. Any applicant who wants to receive the relevant documents should inform us of the company's name and e-mail address via e-mail to fister@westernpower.co.kr [Jason Lee - Deputy General Manager] or please refer to KOWEPO?s website. (http://www.westernpower.co.kr/new/english/)
Tel) +822-3456-7602, Fax) + 822-3456-7629

7. The Bid documents shall be submitted in person, by mail or courier to the address below not later than the deadline.
Mr. Kwak, Myung-moon / Team Leader, Coal Procurement Team
27th Floor, GFC, 152, Teheran-ro, Gangnam-gu, Seoul 135-984, Korea
The Bid documents which are not completely sealed or submitted by a method other than those noted above shall not be accepted.

May 20, 2014
Korea Western Power Co., Ltd.