SEOUL, Sept 13 (Reuters) - Korea Western Power Co Ltd (WP) bought coal via spot and five-year term tenders that closed on Sept.8, a source from the utility said on Wednesday.
Price and seller details were not available. Other details of the purchases are as follow
--Spot tenderTONNES(M/T) SPECIFICATION(NCV) ORIGIN ARRIVAL 70,000 min. 4,600 kcal/kg Indonesia Dec 2017
70,000 min. 4,600 kcal/kg Indonesia Dec 2017
--Term tenderTONNES/YR SPECIFICATION(NCV) ORIGIN CONTRACT PERIOD 440,000 min. 5,700 kcal/kg Australia Dec 2017-Jan 2022
*Note: NCV stands for Net Calorific Value. Under the term deal, the utility will bring in 220,000 tonnes per year of coal for the first contract year.
S.Korea's WP buys coal via spot, term tenders
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