Napocor to hold March 18 tender for 100,000 T coal

Reuters

Posted at Feb 24 2009 02:49 PM | Updated as of Feb 24 2009 11:22 PM

State-owned National Power Corp. (Napocor) said on Tuesday it will hold a tender to buy 100,000 tons of coal on March 18.

Napocor, the country's biggest power producer, said the coal being sought from local sources is for its Naga-Cebu plant in central Philippines.

Napocor failed to attract bids in December for the same volume of coal for the Naga-Cebu power station after potential bidders found the company's budget for the consignment too low.