COAL TENDER: KOSEP-Coal-2009-SP07 and SP07-1

Monday, August 31 2009 - 12:46 AM WIB

Summary of Invitation To Bid (ITB) For (Sub)Bituminous Coal

Korea South East Power Co. Ltd.(KOSEP) is inviting a bid for the supply of coal from qualified suppliers on ITB (Ref. Attached) for KOSEP Power Plants as follows,

1.Bid Notice no. (ITB no.) : KOSEP-Coal-2009-SP07 and SP07-1

2. Materials, Quantity to be Procured and Shipping Schedule

ITB No. 2009-SP07 2009-SP07-1
Delivery Period October 1, 2009~ February 28, 2010 November 1, 2009~ November 30, 2009
Quantity to be procured. 1,060,000MT 60,000MT
Minimum quantity to be offered by a bidder 65,000MT or 120,000MT 60,000MT
Qualified Bidders Refer to ITB Refer to ITB (New bidders who do not have coal supply records)
Contract Price FOBT or CFR CFR
CV (NAR kcal/kg) Min. 4,800 Min. 5,350
Others (Refer to ITB) (Refer to ITB)

- Bidders for 2009-SP07 are requested to offer up to total about 1,060,000 MT in lots of either 120,000~135,000 (Cape size) or 65,000~85,000MT (Panamax size) on both FOBT and CFR basis. KOSEP has the right to award the contract on either a FOBT loading port or a CFR discharging port.
- Bidders for 2009-SP07-1 are requested to offer 60,000 MT plus and minus ten(10) percent at shipping tolerance, by a single shipment quantity (Panamax size) only on a CFR basis.

3. Procurement Method: International Open Bidding as per ITB (Ref. the attached ITB)

4. Bid closing date: 2:00 P.M. on September 8, 2009. (Korean Standard Time)

5. Qualification of Bidder : As per Clause 2.1, Chapter I in ITB. KOSEP-Coal-2009-SP07 and SP07-1

6. Compliance with Invitation to Bid
Bidders shall prepare and submit the Bid in compliance with the procedures and requirements as provided in this ITB. Any failure to do so may give KOSEP a reason to reject or to unfavorably evaluate the Bid. Bidders shall be regarded as having been thoroughly acquainted with and having accepted all the contents of the ITB. Upon submission of Bid documents, Bidders are thereafter regarded as having agreed to fully comply with the terms and conditions of the contract as attached in the Invitation to Bid.

Bidders shall submit the Bids separately as they want to participate in more than one tender.

7. Validity Period of the Bid
The Bid including the price shall be bound as a firm offer and valid for a period of at least thirty (30) calendar days after the bidding closing date. KOSEP may request the Bidder to extend the validity period of the Bid, if necessary.

8. Bid forms should be forwarded to
Mr. Yong-Jae, Lee
Senior Manager, Fuel Team, General Administration Dept.
Korea South East Power Co. Ltd
169 Daehwa B/D 4F, Samsung-1dong, Gangnam-gu, SEOUL, 135-882, Korea.

Other matters regarding this bid are specified in the attached (ITB no. KOSEP-Coal-2009-SP07 and SP07-1)

Any queries on this Bid are welcomed to contact
S.C.Cho / Manager / Fuel Team, KOSEP
Tel) 82-2-3456-7171, Fax) 82-2-3456-7179
E-mail : deepblue@kosep.co.kr (preferred) (http://www.kosep.co.kr/eng)

August 28, 2009
Korea South East Power Co. Ltd.

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