COAL TENDER: KOWEPO-COAL-2015-SP-04

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

1. Bid no. : KOWEPO-COAL-2015-SP-04

2. Material and quantity to be procured
○ Material : (Sub)Bituminous coal
○ Quantity and shipping schedule

Bid Type	Coal	Quantity	Shipping Schedule	Price
SPOT	NCV min. 5,700 kcal/kg (Spec. A)	110,000MT +/- 10% (1 cargo)	March 15~April 15, 2016	One Single Fixed Price
	NCV min. 4,600 kcal/kg (Spec. C)	110,000MT +/- 10% (1 cargo)	March 20~April 20, 2016

- The difference between the guaranteed NCV and the limit of range for NCV shall be less than 100kcal/kg(within 100kcal/kg)
- In case of Spec C, the buyer shall be entitled to deduct US$2 of penalty per each ton if the certified NCV exceeds 5,000kcal/kg for NCV.

(1) Shipment Size & Delivery Term
- Spec A & Spec C : Mini Cape(110,000mt +/- 10%) on FOBT basis

(2) 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 AM, 18th December, 2015 (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 (five) Gencos (KOSEP, KOSPO, KOWEPO, 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.

After being awarded as a successful Bidder, if a successful Bidder fails to enter into making a contract or fails to execute the contract signed, the Bidder will be banned from participating in KOWEPO?s future coal purchasing tender for at least 6 (six) months, which is the KOWEPO?s sole right and could not be challenged under any circumstances. Along with this restriction on participating in KOWEPO?s future coal purchasing tender, the performance bond shall revert to KOWEPO without any justification and KOWEPO may draw such full amount under the performance bond if KOWEPO judges it is necessary to compensate KOWEPO for its losses, damages, expenses, or other costs (or any part thereof) arising from or related to the Seller's default.

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 mslim@iwest.co.kr [Misuk Lim -Deputy General Manager] or please refer to KOWEPO?s website.
(http://www.westernpower.co.kr/new/english/)
Tel) +82-41-400-1424, Fax) + 82-41-400-1407/8

7. The Bid documents shall be forward to e-mail(mslim@iwest.co.kr) or submitted in person, or courier or Fax to the address below no later than the deadline.
Mr. Terry(T.H.) Kim / General Manager, Fuel Procurement Team
5th Floor, 285 Jungang-ro Taean-eup, Taean-gun, Chungcheongnam-do, 32140, Korea

The Bid documents which are not completely sealed or submitted by a method other than those noted above shall not be accepted.

11th December, 2015
Korea Western Power Co., Ltd.