State run-miner Coal India Ltd (CIL) has awarded two tenders for imported coal supply to Indonesian firm Bara Daya Energi. These tenders were floated on behalf of thermal power plants and are meant for medium term supply in equal volume of 3 mnt each at ports located in eastern and western coasts, with an option to double the requirement to 6 mnt.
In the techno-commercial round, only two participants had shown interest with Bara Daya Energi emerging as the lowest bidder ahead of Adani Enterprises on both occasions. Finally, the tenders were awarded to the Indonesian firm after the technical bids were found in the correct order in the financial evaluation round.
The work order involves supply of 5,000 kCal/kg coal from the place of origin to the plant location. This would also cover entire payment of statutory taxes and levies applied during the transit.
The Indonesian firm has quoted FOB price for coal in range of $156-160/t, while the total contract price for east coast tender was INR 4,331.78 crore and for west coast was INR 4,497.57 crore.
These medium-term tenders are not intent-based, but have been initiated to keep a ready stock of imported coal as and when a power plant approaches CIL. The objective is to ensure uninterrupted supplies to the power plants, thereby mitigating the impact of expected fall in domestic coal supplies in the rainy season.
Accordingly, the shipment is to be delivered within 30 days from the date of placing the indents at FOR destination basis for the concerned plant.
Apart from these medium-term tenders, CIL had also floated a short-term tender for supply of 2.416 mnt of imported coal. However, this tender was cancelled as the L1 price in technical round was not considered reasonable.
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