COAL TENDER: KOWEPO-COAL-2010-SP-02

INVITATION TO BID
for Steaming Coal Supply Spot Contract(for TAEAN Power Plant)

1. Bid No. : KOWEPO-COAL-2010-SP-02

2. Materials and Quantity to be Procured
○ Materials : Bituminous Coal
○ Quantity and Shipping schedule

TYPE	QUANTITY	SHIPPING SCHEDULE
Spec 1 NCV min. 5,350 kcal/kg	370,000MT	Late March ~ May 2010
Spec 2 NCV min. 5,350 kcal/kg	450,000MT	April ~ June 2010
Spec 3 NCV min. 4,600 kcal/kg	300,000MT	April ~ June2010

- Countries of origin for Spec 1 : Except Indonesian Coal
- 1 shipment size : Panamax(including Post-Panamax) or Cape
- Shipping schedule out of above range shall be negotiated

3. Additional Quantity for the trial burning of New Bidders KOWEPO may, at its sole discretion, additionally purchase one panamax cargo for trial burning at Taean Power Station from the new bidders. The additional conditions for the contract of the above trial burning are as follows;

3-1. Bidding Quantity
- Maximum 1 Panamax (60,000MT or 70,000MT +/- 10%)
- Shipping Schedule (Discharging Schedule): April ~ May 2010

3-2. Coal Sample
After receipt of Award Notice from KOWEPO, the new bidder has to send one coal sample (above 2kg) taken by inspection agency to the following address :
Manager, Chemical Dept. / Taean Thermal Power Plant.
831 Banggal-li, Wonbuk-Myeon, Taean-Gun, Choongcheongnam-do 357-910, KOREA

3-3. Shipping & Price Term
Vessel shall be arranged by the supplier on the CFR basis, nevertheless, bidding price shall be quoted both on FOBT and CFR basis. (Price offered either FOBT or CFR only will be disqualified)

4. Procurement Method: International Open Bidding

5. Deadline for Bidding : 15:00 on January 27, 2010 (Korean Standard Time).

6. Qualification of Bidder : Coal production company or Marketing company or Trading company only those who have performed (without any material problem such as coal quality etc.) any coal supply of no less than 60,000MT(one panamax) with power generation company(or electric power company) of Korea, Japan or Taiwan and who shall meet the whole requirement of ITB including but not limited to coal quality specification, shipping schedule, quality, etc.

7. 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 jwons@iwest.co.kr or,
Please refer to KOWEPO homepage (http://www.iwest.co.kr/english)
Tel) 82-2-3456-7603, Fax) 82-2-501-3369

8. Bid forms should be forwarded to
Mr. Oh, Dong-Kyoon / General Manager, Fuel Procurement & Development
Korea Western Power Co., Ltd.
6F Samsung Bldg., 623, Teheranno, Gangnam-gu, Seoul, 135-882, Korea

January 12, 2010
Korea Western Power Co., Ltd.