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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1094 |
The Chairman, Development Bank of the Philippines
The Chairman, Philippine Cement Industry Authority
WHEREAS, the approved National Plan on the Development, Production and Utilization of Coal prescribed the timetable for the conversion into coal-firing of suitable industrial plants particularly cement plants;
WHEREAS, the Development Bank of the Philippines has been made responsible for providing funds to finance the program of conversion of cement plans to coal burning;
WHEREAS, the Philippine Cement Industry Authority has undertaken a standard bidding procedure for the supply of coal conversion equipment and the construction of these works to facilitate the immediate and economical implementation of the coal conversion of cement plants;
NOW, THEREFORE, in confirmation of the authority granted to the Ministry of Industry and the Development Bank of the Philippines under Letter of Instructions No. 752 in support of the coal development and utilization program, I hereby direct:
1.
The Minister of Industry as Chairman of the Philippine Cement Industry
Authority to effect immediate acquisition of the coal conversion
equipment through the standard bidding procedure undertaken by the
Authority for and in behalf of the cement plants;
2. The
Development Bank of the Philippines to provide the financing for the
coal conversion equipment, including the funds for the downpayment of
these coal conversion systems to be debited against the loan accounts
of the cement plants with the Bank;
3. The
Philippine Cement Industry Authority to take measures to stabilize the
distribution of cement in the domestic market and expand the export
market for Philippine cement to ensure that the installed capacity of
the industry is economically utilized. In this respect, the Authority
is directed to take all measures to enforce the strict implementation
of the export assistance scheme established to insure equitable sharing
of the benefits and burdens arising out of cement exports, including
such measures as the curtailment of fuel oil supply or immediate
closure of cement plants for refusal to cooperate in the attainment of
the objectives of the government as enunciated under Presidential
Decree No. 94.
This Letter of Instructions, shall take effect immediately.
Done in the City of Manila, this 9th day of December, in the year of Our Lord, nineteen hundred and eighty.
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