ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 98 - MODIFYING
EXECUTIVE ORDER NO. 55
WHEREAS,
pursuant to the decision of the Government of the Philippines not to
operate the Philippine Nuclear Power Plant No. I (PNPP-I) reached in
June, 1986, the National Power Corporation (NAPOCOR) was advised to
stop the implementation of the nuclear plant contracts;
WHEREAS, in compliance with the said advice, the National Power
Corporation (NAPOCOR) has desisted from implementing all contracts and
claims for payment relating to the Philippine Nuclear Power Plant No. I
(PNPP-I), including foreign loan agreements, by refraining from
effecting interests payments under the said loan agreements since July
1, 1986;
WHEREAS, since July 1, 1986, the National Power Corporation (NAPOCOR)
has been undertaking the necessary and requisite preservation and the
maintenance and security program of the Philippine Nuclear Power Plant
No. 1 (PNPP-I);
WHEREAS, consistent with the decision of the Government of the
Philippines not to operate the Philippine Nuclear Power Plant No. I
(PNPP-I) reached in June, 1986, the National Power Corporation
(NAPOCOR) must be relieved of the financial burden due on the
Philippine Nuclear Power Plant No. I, effective upon its action in
consonance with the aforesaid decisions;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
“Sec.
6.
Done in the City of Manila, this 18th day of December, in the year of Our Lord, nineteen hundred and eighty-six.
chanrobles virtual law library
Back to Main
chan robles virtual law library
Since 19.07.98.