Korea Western Power (KOWEPO), one of South Korea’s state-owned generators, is in the market with two long-term tenders for a combined 3.78 million tonnes of thermal coal, for delivery from December 2026 to December 2030.
LT10: 2.1 Mt of coal at 5,000–5,499 kcal/kg NAR. LT11: 1.68 Mt at 4,400–4,999 kcal/kg NAR. Both run from December 2026 to December 2030.
Multi-year tenders lock in supply and give exporters visibility over volumes for four years.
Who is awarded the tenders and at what price, and how other Korean generators approach their long-term cover.
KOWEPO is one of five power-generating subsidiaries of state-owned Korea Electric Power Corporation (KEPCO). It is seeking coal under two separate long-term tenders.
The first, LT10, covers 2.1 million tonnes of coal with a calorific value of 5,000–5,499 kcal/kg on a net-as-received (NAR) basis. The second, LT11, covers 1.68 million tonnes of lower-energy coal at 4,400–4,999 kcal/kg NAR. Both tenders are for delivery between December 2026 and December 2030.
Colombia has been among the suppliers gaining ground in South Korea this year: it shipped 3.8 million tonnes there in January–September, 21.5% more than a year earlier.
Source: Industry coal market report, 26 October 2026. Figures as reported on 26 October 2026; forecasts are the report author's and may be revised. Summary and wording by Megawise.
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