Trubaindo, Delta Mineral bag coal contracts from Napocor

Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two Indonesian firms, ABS-CBN News of Philippine reported.

One lot of 65,000 tons was awarded to PT Delta Mineral International at $79 per ton, including cost and freight, said Edmund Anguluan, head of the bidding committee. PT Trubaindo will supply two lots of 65,000 tons each, with one priced at $80.93 per ton, C&F, and the other at $81.03 a ton, C&F.

Napocor was hoping to source a total of 390,000 tons of coal for its Pagbilao power plant at the July 1 tender but only managed to award contracts for half of that volume. It had set a budget of $81.08 per ton, C&F, for the coal scheduled for delivery between October and December.

Anguluan said the state-run power firm is planning a re-tender by the end of the month to secure the remaining 195,000 tons.

Another tender for 195,000 tons steam coal for its Sual plant was declared a failure after a lone bidder withdrew after failing to comply with Napocor's requirements, said Anguluan.

Napocor has said it needs to import nearly 3.5 million tons of coal this year, lower than 4.18 million tons it imported last year, after privatising a number of coal-fed power stations. (*)