South Korea's Korea Midland Power Co., Ltd. (KOMIPO) has issued a long-term tender covering three separate lots of high-CV bituminous coal for its Boryeong, Shin Boryeong and Shin Seocheon power plants, seeking combined annual volumes of up to around 1.35 million tonnes of supply, totaling up to 4.05 million tonnes across a three-year supply period.

According to the invitation to bid, the largest lot, LT05, calls for 540,000 tonnes a year of high-CV coal with a guaranteed minimum CV of 5,700 Kcal/kg NAR, to be shipped in four Capesize cargoes of up to 145,000 tonnes each, or alternatively 480,000 tonnes a year in six Panamax cargoes, with a shipping tolerance of plus or minus 10%. Chinese and Indonesian coal are barred from this lot. Pricing is to be quoted on a CFR (CIF) basis.

LT06 seeks 270,000 tonnes a year of coal with a guaranteed CV of 5,800-6,000 Kcal/kg NAR, shipped in two Capesize cargoes of up to 145,000 tonnes each, with the same 10% tolerance. This lot is restricted to Australian coal only, with pricing on an FOBT or CFR (CIF) basis.

LT07 mirrors LT05 in specification, seeking 540,000 tonnes a year of 5,700-6,000 Kcal/kg NAR coal in four Capesize cargoes, but excludes Chinese, Indonesian and Russian coal. Bidders may quote FOBT or CFR (CIF), except that offers of South African or Colombian coal must be priced on a CFR (CIF) basis.

Coal mines and entities subject to US sanctions are excluded across all three lots.

Supply runs for three contract years from September 2026 to August 2029. First-year cargoes begin loading in the first half of September 2026 for LT05, the first half of October 2026 for LT06, and October 2026 for LT07, with the remaining first-year shipments spread across the third quarter of 2026 through August 2027.

Second- and third-year volumes are evenly spread from September 2027 to August 2029.

Over the full three-year term, the combined volume across all three lots could total as much as 4.05 million tonnes if LT05 is fulfilled via Capesize vessels, or slightly lower if the Panamax option is taken up for that lot.

Bids must be submitted by email no later than 14:00 Korean Standard Time on August 5, 2026. The tender is closed to new suppliers and open only to bidders with an existing track record supplying South Korean, Japanese, Taiwanese or Indian utilities or steel mills, or RWE and EDF, over the past five years.