S. Korea?s Komipo opens tender for 180,000 tons of coal

Summary of Invitation To Bid
For Bituminous Coal for Boryeong Thermal Power Plant

1. Bid No. : KOMIPO-Coal-2005-SP01

2. Materials and Quantity to be Procured
○ Materials : Bituminous Coal
○ Quantity : 180,000MT
- All bidders have to offer this bid on CFR price.
- However, the bidders who have had coal supply record to KOMIPO are allowed to offer FOBT price along with the above mentioned CFR price.
- Bidders shall submit a minimum quantity of at least 60,000MT.

3. Procurement Method: International Open Bidding

4. Shipping schedule : June 1, 2005 ～ July 10, 2005. (Loading Schedule)

5. Deadline for Bidding : 3:00 p.m. on May 23, 2005 (Korean Standard Time).

6. Qualification of Bidder : Coal producers, marketing companies or traders those 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 yourcall@komipo.co.kr. or,

Please refer to KOMIPO homepage www.komipo.co.kr.

8. Bid forms should be forwarded to
Jeong-Hwan Yun / Senior Manager / Fuel Team, Business Dept.
Korea Midland Power Co., Ltd.
167, Samsung-dong, Gangnam-Gu, Seoul 135-791, Korea.

May 11, 2005
Korea Midland Power Co., Ltd.