Korea Midland Power Co Ltd (KOMIPO) bought 500,000 tonnes per year of bituminous coal via a four-year term tender that closed on Friday, a source from the utility said on Monday.
The source declined to provide price and seller information.
Other details of the purchase are as follows:
TONNES/YR SPECIFICATION (NCV) CONTACT PERIOD 500,000 min. 4,600 kcal/kg Sep 2018-Dec 2022
* Note: NCV stands for Net Calorific Value.