"K" Line secures Korean power deal

Tokyo: Kawasaki Kisen Kaisha ("K" Line) has bagged a deal with Korea Western Power Co, Ltd, or KOWEPO, a Seoul-based power generation company, for a 10-year consecutive voyage charter (CVC) of a capesize bulk-carrier to shift bituminous coal for electric power generation, from Australia, South Africa, Indonesia and Canada to South Korea
 
KOWEPO is one of six South Korean electric power generation companies owned by Korean Electric Power Corporation, or KEPCO, with current coal generation capacity of 4,000MW (mega watts) besides oil, LNG and hydropower generation (8,800MW in total), and imports approximately 12 million metric tonnes of bituminous coal per annum.
 
This agreement is the second CVC with KOWEPO with whom "K" Line has concluded a 10-year CVC with a panamax bulk-carrier in May 2007.  [31/01/08]
 
Tokyo: Kawasaki Kisen Kaisha ("K" Line) has bagged a deal with Korea Western Power Co, Ltd, or KOWEPO, a Seoul-based power generation company, for a 10-year consecutive voyage charter (CVC) of a capesize bulk-carrier to shift bituminous coal for electric power generation, from Australia, South Africa, Indonesia and Canada to South Korea
 
KOWEPO is one of six South Korean electric power generation companies owned by Korean Electric Power Corporation, or KEPCO, with current coal generation capacity of 4,000MW (mega watts) besides oil, LNG and hydropower generation (8,800MW in total), and imports approximately 12 million metric tonnes of bituminous coal per annum.
 
This agreement is the second CVC with KOWEPO with whom "K" Line has concluded a 10-year CVC with a panamax bulk-carrier in May 2007.  [31/01/08]