KEPCO-SPC POWER Corp. (KSPC), a joint venture between Korea Electric Power Corp. and SPC Power Corp., is in search of suppliers who can provide 320,000 metric tons of steaming coal yearly for its 200-megawatt coal-fired power plant in Naga, Cebu.
According to its bidding documents, KSPC hopes to forge a 10-year supply agreement either with direct coal producers or marketing companies that have long-term supply contracts with coal producers.
The joint venture expects to sign an agreement no later October 11, in preparation for the commissioning of its Naga coal power plant in the first quarter of next year.
Commercial and technical proposals, or bids, should be submitted by 5 p.m. of October 6.
The bids will be evaluated the following day, October 7, KSPC said.
The company plans to select the first negotiable bidder by October 8.
KSPC may also schedule a visit to the coal mines, if necessary.
KSPC said it was on track in completing the Naga coal facility, with the first 100-MW unit seen operating by February 2011.
The second 100-MW unit may go online by May of the same year.
The Visayas is now suffering from rotating brownouts. With the completion of the facility, the power supply shortfall in the region is expected to ease.
The National Grid Corp. of the Philippines said that, as of Tuesday morning, the Visayas grid continued to post a supply deficit of 144 MW.
Doosan Heavy Industries of South Korea is currently undertaking the engineering, procurement and construction of the coal plant.
Once completed, the coal facility is expected to generate 1,489 gigawatt-hours (gWh) of electricity annually.
The joint venture had already forged power supply agreements with electric cooperatives in Cebu at a generation price of P4.2798 per kilowatt-hour (kWh).
This however, is still “subject to adjustments in fuel, foreign exchange and local and foreign price indices.”
Kepco-SPC Power also plans to trade power at the wholesale electricity spot market (WESM) as soon as the mechanism has been set up in the Visayas. Amy R. Remo
According to its bidding documents, KSPC hopes to forge a 10-year supply agreement either with direct coal producers or marketing companies that have long-term supply contracts with coal producers.
The joint venture expects to sign an agreement no later October 11, in preparation for the commissioning of its Naga coal power plant in the first quarter of next year.
Commercial and technical proposals, or bids, should be submitted by 5 p.m. of October 6.
The bids will be evaluated the following day, October 7, KSPC said.
The company plans to select the first negotiable bidder by October 8.
KSPC may also schedule a visit to the coal mines, if necessary.
KSPC said it was on track in completing the Naga coal facility, with the first 100-MW unit seen operating by February 2011.
The second 100-MW unit may go online by May of the same year.
The Visayas is now suffering from rotating brownouts. With the completion of the facility, the power supply shortfall in the region is expected to ease.
The National Grid Corp. of the Philippines said that, as of Tuesday morning, the Visayas grid continued to post a supply deficit of 144 MW.
Doosan Heavy Industries of South Korea is currently undertaking the engineering, procurement and construction of the coal plant.
Once completed, the coal facility is expected to generate 1,489 gigawatt-hours (gWh) of electricity annually.
The joint venture had already forged power supply agreements with electric cooperatives in Cebu at a generation price of P4.2798 per kilowatt-hour (kWh).
This however, is still “subject to adjustments in fuel, foreign exchange and local and foreign price indices.”
Kepco-SPC Power also plans to trade power at the wholesale electricity spot market (WESM) as soon as the mechanism has been set up in the Visayas. Amy R. Remo
No comments:
Post a Comment