COAL TENDER: KOSEP-Coal-2010-SP05-1 and SP05-2

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-2010-SP05-1 and SP05-2

2. Materials, Quantity to be Procured and Shipping Schedule
- Delivery Period : July 1, 2010 ~ July 31, 2010
- Quantity to be procured : 60,000MT
- Minimum Quantity to be offered by a bidder : 60,000MT
- Qualified Bidders : Refer to ITB attached (New bidders who do not have coal supply records)
- Contract price : CFR only
- CV (NAR kcal/kg) : Min. 4,800
- Others : Refer to ITB attached
- Bidders for 2010-SP05-2 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 May 26, 2010 . (Korean Standard Time)

5. Qualification of Bidder : As per ITB. KOSEP-Coal-2010-SP05-2

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 fifteen (15) 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-2010-SP05-2 )

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 )

May 18, 2010
Korea South East Power Co. Ltd.