KRU Overseas wins tender for thermal coal supply to Rostock in 2020-2023

KRU-Overseas Ltd. won a tender for the supply of thermal coal to Rostock (Germany) for the period of 2020-2023. Coal will be delivered to the local power station – the Rostock power plant, which is located within the port of Rostock, which is capable of handling Panamax-class vessels.

This is the first long-term contract of KRU Overseas for the supply of coal to a major energy company in Germany. KRU-Overseas plans to increase its share in coal supplies to the German market in the near term. Total coal deliveries of KRU Overseas to Germany may amount to 4 million tons in 2020.

The Rostock power plant has a gross electrical output of 553 MW and supplies 150 MWth for the Rostock district heating network. It currently produces more than half of the electricity generated in the federal state of Mecklenburg-Western Pomerania. The hard coal-fired power plant achieves an efficiency of more than 43%. With full use of heat extraction, the efficiency can be increased up to 62%. EnBW Energie Baden-Wurttemberg AG, one of the largest energy supply companies in Germany and Europe, holds a 50.4% stake in the Rostock power plant. Another shareholder is RheinEnergie AG.