S.Korea’s Kosep opens tender for 360,000 tons of coal

KOSEP is opening a bid for the supply of coal from qualified suppliers for the Samchonpo Power Plant as follows.

1. Tender No.: KOSEP-Coal-2004-1

2. Quantity to be Procured: 360,000MT

3. Procurement Method: International Bidding

4. Delivery period: December 26, 2003 ?? February 28, 2004

5. Dead Line of Bidding is 5 p.m. on Monday, December 8, 2003 (Korean Standard Time).

6. Qualification : Coal Producer or Marketing company who is qualified to participate in the ITB.

Any queries on this Bid are welcomed to contact to: Tel: 82-2-3456-7172; Fax: 82-2-3456-7189; E-mail: yjlee@kosep.co.kr; (refer to homepage: www.kosep.co.kr/).

November 26, 2003

Korea South-East Power Co. Ltd.,

Y. J. Lee

Manager