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No. 315
Jan. 4, 1988
WHEREAS, on April 30, 1986 the Cabinet decided not to operate the
Philippine Nuclear Power Plant (PNPP) and created a Committee to
study the legal options available to the Philippine Government in
connection with such decision;
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Plant is hereby renamed "The Presidential Committee on the Philippine
Nuclear Power Plant" and its structure, powers and functions are hereby
defined as provided hereinbelow.
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Committee may need, to request and utilize the services of their
personnel, technical experts and professionals, and to utilize and share
their resources and materials;
(e) To enter into contracts for the purchase, rental, procurement or use
of office space, equipment and other logistical resources, including
the availment of facilities for required domestic or international
communication and travel;
(h) In general, to exercise all the powers and perform all the functions
necessary and appropriate to pursue and attain its objectives.
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(c) Debt Restructuring and Disposition Division, to be headed by the
Secretary of Finance and composed of the Governor of the Central
Bank and the President of the National Power Corporation, which
shall have primary supervisory responsibility for the restructuring,
whenever legally enforceable, of all loans and financial obligations
relating to PNPP.
DONE in the City of Manila, this 4th day of January, in the year of Our
Lord, nineteen hundred and eighty-eight.
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