S. Korea's Kowepo opens tender for 360,000 tons of coal

INVITATION TO BID
for Steaming Coal Supply Spot Contract
for TAEAN

Power Plant

1. Bid No. : KOWEPO-Coal Bid Notice-SP05-02

2. Bituminous Coal
- Quantity: 360,000MT
- Bidders may offer at least 60,000MT or 120,000MT on both FOBT and CFR price.
In the event that the quality is outside the limits of range as the Standard Quality Specifications, KOWEPO will select as the successful Bidder if KOWEPO judges that Coal can be used by the Taean Power Plant
- The lowest price shall be selected as the successful bidder.

3. Shipping Schedule (Discharging Schedule)
- Apr. 01 - Apr. 30, 2005: 180,000MT
- May 01 - May 31, 2005: 180,000MT

4. Procurement Method : International Open Bidding
5. Deadline of Bidding
The proposal documents shall be submitted by 5:00 p.m. on Friday, 18th March, 2005 (Korean Standard Time)

6. Qualification : Coal Producer or Marketing company or Coal Trader
- If the Bidder who has been awarded a bidding of Korean 5(five) Generation Companies over the past one year period, but failed to supply and caused problems of the Quality of coal etc., the buyer shall have the right, at its sole discretion, to limit the qualification to participate in the ITB.
- The bidder who supply coal from new Indonesian Coal Mine(s) without any prior supply record to the Korean 5 Gencos will not be invited to this bid.

7. Any queries on this Bid are welcomed to contact
Tel) 82-2-2050-5711~2, Fax) 82-2-2050-5799
E-mail : jwons@iwest.co.kr (http://www.iwest.co.kr/english)

8. Bid forms should be forwarded to
Mr. Jong-Hoon Park / General Manager-Fuel Procurement
Korea Western Power Co., Ltd.
167, Samsung-Dong, Kangnam-Ku, SEOUL, 135-791, Korea.

March 7, 2005
Korea Western Power Co. Ltd