Morocco’s JLEC launches tender for 3 thermal coal Panamaxes: sources

PLATTS

Morocco’s JLEC launches tender for 3 thermal coal Panamaxes: sources

London (Platts)-Moroccan power generator Jorf Lasfar Energy has issued a tender for three 60,000 mt Panamax cargoes of thermal coal for September, October, and November delivery, market sources said Thursday.

The tender called for thermal coal with a minimum calorific value of 5,800 kcal/kg NAR, minimum 9% ash and maximum 1% sulfur.

Bids are due by June 26 and are valid until June 29.

A trader said that the specifications are in line with the previous tender, as JLEC “changed the specifications based on the coal that they received under the other contracts.”

In April, JLEC awarded a tender for three Panamaxes for delivery in June-August to a Switzerland based trading house at a price “below $99/mt CIF”, sources said.

JLEC regularly tenders for thermal coal spot cargoes for its 1,372 GW coal-fired power plant, which supplies a third of Morocco’s electricity supply.

–Jaime Concha, jaime_concha
–Edited by James Leech, james_leech

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Posted on June 14, 2012, in Business, Morocco News and tagged , , . Bookmark the permalink. Leave a comment.

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