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 tender
TONNES(M/T) SPECIFICATION(NCV) ORIGIN ARRIVAL 70,000 min. 4,600 kcal/kg Indonesia Dec 201770,000 min. 4,600 kcal/kg Indonesia Dec 2017
--Term tender
TONNES/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.
