COAL TENDER: KOWEPO-COAL-2013-LT-05

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

1. Bid no. : KOWEPO-COAL-2013-LT-05

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

Bid Type	?Steam Coal (Specification)	Quantity per annum	Price (For CY1)	Shipping Schedule At Loading Port during Contract Year 1
TERM	NCV min. 4,600 kcal/kg	280,000MT Per annum +/- 10%	One Single Fixed U$ per mt	1st April, 2014 ~ 30th June, 2014

(1) Shipment Size & Delivery Term :
- Panamax size(70,000mt) on FOBT basis only
※ No Russian Coal is allowed to participate in this tender.
※ The minimum shipment that a bidder can offer shall be two panamax shipment.
(2 X 70,000mt +/- 10%)

(3) Term of the Contract : 5 Years
- Starting from April 1, 2014 to March 31, 2019
※ The prices for the remaining Contract Years (CY2 ~ CY5) shall be determined by mutual agreement of the both parties.

(4) Additional quantity supply
On the basis of mutual agreement, additional quantity can be sold and purchased and addendums for the additional tonnage shall be attached to the original contract.

(5) Coal Mine
Each shipment of coal to be purchased by KOWEPO 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 KOWEPO, a Bidder shall provide to KOWEPO'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 A.M November 7, 2013 (Korea Standard Time)

5. Qualification of Bidder
Coal production company or Marketing Company or Trading Company only those who has performed or performing following contract during the recent three(3) years;

a) at least one (1) year coal supply term contract of no less than 60,000MT per annum 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, or

b) coal supply spot contract of minimum 60,000MT to KOWEPO. However, if Bidder has supplied 1 panamax(60,000MT to 70,000MT) to KOWEPO, the Bidder shall submit a letter of guarantee concerning the freight costs (including demurrage cost, dead freight, port charges etc.) in order to be awarded as a successful bidder on a FOBT basis.

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 hermes99@iwest.co.kr [Chun-young Hong - Deputy general manager] or please refer to KOWEPO?s website. (http://www.westernpower.co.kr/new/english/)

Tel) +822-3456-7604, 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

29th 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.

October 31, 2013
Korea Western Power Co., Ltd.