MMTC reissued its coal supply tender for 350,000 MT imported coal on behalf of Coal India. The company has extended this tender sixth time since Jun’15.
MMTC, one of largest international trading corporation has again issued its coal tender to purchase 350,000 MT of imported coal for Coal India; The Company has given two buyers option for supply of coal. MMTC has floated this tender for procurement of 530,000 MT imported steam coal, as per requirement of CIL for power plants on FoB delivery point basis, through various ports across India. This requirement of coal is for Q2 of FY16.
The current round, i.e. the third installment procured through this tender, will meet the operational requirement of the following thermal power stations:
| Name of Thermal Power Station | Q2 FY16 ( Qty in MT) |
| M/s APGENCO, Vijaywada TPS | 94,000 |
| M/s APGENCO, Rayalseema TPS | 41,000 |
| M/s APPDCL, Krishnapatnam TPS | 218,000 |
| Total | 353,000 |
Quotations should be given in USD for cost and freight prices and rest of the prices in INR.
Important Time & Dates
• Bid submission due date: before 14.30 hrs on 12 Aug, 2015
• Technical bid opening date: after 15.00 hrs on 12 Aug, 2015
The current coal supply tender is the third installment for Fuel Supply Agreement (FSA) between the both companies. In April’15, MMTC had received import order for 2.35 MnT steam coal from Coal India Ltd and Andhra Pradesh Power Development Company Ltd during 2015-16. Out of 2.35 MnT, the company had put out a tender for procurement of 0.75 MnT Imported coal in the month of April’15. The reissued tender is for procurement of the next installment of 0.35 MnT coal.
Earlier in FY15, CIL had issued a tender for supply of 5 MnT imported coal and signed a FSA with MMTC to supply imported coal to power plants. The agreement required MMTC to meet CIL’s 80% coal needs for the power plants, with 65% of the contracted amount from domestic sources and another 15% through imports. In Q4 of FY15, CIL received its first order of 0.5 MnT imported coal from MMTC for PSUs. The second order for 0.75 MnT imported steam coal was the next installment from the agreement to supply 5 MnT steam coal for which the company issued tender in the month of April’15.
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