Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  Philippines News  >>  Energy  >>  Philippine state firm awards coal contract to lone bidder

NEWS UPDATES 28 May 2009

Philippine state firm awards coal contract to lone bidder

Related Stories

May 18, 2009
Philippine utility firm to spend $692m on expansion

May 10, 2009
Philippine brewer bids for state power plant

May 9, 2009
Typhoon disrupts Philippines' Galoc oil production

March 26, 2009
Seven groups eyeing 600MW Philippine power plant 

January 26, 2009
French fims pulls out of Philippine power plant deal

Philippine electricity producer National Power Corp (Napocor) said on Wednesday it has awarded a contract to oil and gas explorer PNOC-Exploration Corp to supply 100,000 tonnes of coal to the state-run power firm, reported Reuters.

PNOC-EC bid 3,890.7 pesos ($82.24) per tonne for the local blended coal meant for the Naga-Cebu power station in central Philippines, in line with the government's budget, Napocor said on its Website. (www . napocor . gov . ph)

PNOC-EC was the lone bidder for the coal tender on March 18 which Napocor had terminated after PNOC-EC fell short of the required bid bond.

PNOC-EC later submitted a fresh bond and Napocor reconsidered its bid, said Edmund Anguluan, chairman of the bidding committee.

It was the second tender for the same volume of coal for Naga-Cebu after a failed bidding in December when potential bidders found Napocor's budget for the consignment too low.

Napocor imports most of its coal requirements but sources some from local suppliers. The company has said it needs nearly 3.5 million tonnes of imported coal this year, and has so far awarded 1.365 million tonnes to several Indonesian suppliers.




 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com