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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 168
TO
: General Manager Ramon R. Ravanzo
National Power Corporation
Chairman Teodoro Q. Peña
Export Processing Zone Authority
1.
The responsibility for the construction of Dam No.
1 of the Bataan Zone is hereby transferred from the Export Processing
Zone Authority to the National Power Corporation.
2. NPC is
hereby directed to review and evaluate the
A & E plans, designs, cost estimates and other contract documents
of the project as prepared by the Engineering & Development
Corporation of the Philippines (EDCOP), negotiate a new contract with
the Pacific Equipment Corporation (PECORP) for the construction of said
Dam No. 1 and submit a complete report as a basis for providing
separate funding for the project.
3. It is my
desire that the project be completed
soonest, and that impounding of water in the reservoir should commence
by June 1975.
4. The
properties, obligations, accountabilities and
all contracts of the Export Processing Zone Authority in relation to
the project, including the balance of the initial outlay thereof in the
amount of P12 Million shall be transferred and/or assumed by the NPC.
However, said initial outlay of P12 Million shall be reimbursed by NPC
to the EPZA as soon as the funds for the project shall have been made
available.
5. NPC shall
deliver to EPZA custody and
administration of the dam after its completion.
Done in the City of Manila, this 25th day of February, in the year of Our Lord, nineteen hundred and seventy-four.
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Since 19.07.98.