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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 339
TO
: The President and Chairman
Philippine National Oil Company
Among the avenues open to the country for diversification of energy materials and energy sources is the use of coal in lieu of fuel oil for power generation and industry. There is therefore a vital need to seriously explore and study immediately ways by which such diversification could be effected. Accordingly, the Philippine National Oil Company is hereby directed to assume responsibility for developing a comprehensive program of coal resources development and utilization. To enable the Government to come to an early policy decision on this matter, you are hereby directed, among others, to initially undertake the following:
a)
Survey industrial and power companies presently
using fuel oil and determine the market for coal among such companies;
b) Estimate
the additional capital required to effect
a change of fuel requirement in these companies partially or wholly
from fuel oil to coal and work out with the Development Bank of the
Philippines feasible financing plans for such conversion that said
firms could avail of;
c) Estimate
the cost and selling prices to these
industrial firms of imported coal and determine whether said industrial
firms would realize cost benefits by such conversion;
d) Estimate
the equivalent price at which domestic
coal could be sold. Such estimates should take into account the
desirability of competitiveness of the price of domestic coal with the
price of imported coal produced by coal mines presently operating in
the Philippines;
e) Survey
currently operating sources of supply of
domestic coal and the purchasing arrangements that should be worked out
with these domestic suppliers in order to give optimum stimulation to
domestic coal production and at the same time assure continuity of
supply to industrial and power companies converting to coal usage;
f) Submit a
comprehensive report to the President on
the above matters together with policy recommendations relating to the
development and procurement of domestic coal, financing to be made
available to companies converting to coal usage, and coal importations
to augment domestic supply.
Done in the City of Manila, this 20th day of November in the year of Our Lord, nineteen hundred and seventy-five.
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