Nuclear Energy Contracts Of Lenders - Approves Modification Project - Full Text Of The Norm

Original Language Title: ENERGIA NUCLEAR CONTRATOS DE PRESTAMOS - APRUEBASE PROYECTO DE MODIFICACION - Texto completo de la norma

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
CONTRACTS OF PRESTAY

Decree No. 896/1982

Approve the draft amendment to the contract between the National Atomic Energy Commission and the Kreditanstalf Fur Wiederaufbau.

Bs. As., 18/10/82

VISTO proposed by the National Atomic Energy Commission, and

CONSIDERING:

That by Decree No. 4.339 of 11 August 1969, a loan contract was approved to hold between the National Atomic Energy Commission and the Kreditanstalf Fur Wiederaufbau of the Federal Republic of Germany for the sum of one hundred and seventy-five million German frameworks (EM 175,000.000), which was used for the payment of part of the foreign exchange expenses that originated the construction, installation and commissioning of the Central Nuclear contract in August 1969.

That the contract to which reference is made in the precedent and which runs as Annex I to the decree quoted above provides in Article III, paragraph 3.04 that the amortization of the said lender would be carried out in semi-annual quotas, the first of which would expire on 31 December 1982 and the last one on 30 June 1972.

That the actual date of commencement of the commercial exploitation of the aforementioned Nuclear Central by the National Atomic Energy Commission occurred in June 1974.

In the light of the foregoing, it is necessary to modify the stable payment plan in the loan contract and the first expiry should be displaced as at 31 December 1984, and the remaining losses therefore remain as the last assessment on 30 June 1994.

In order to regularize the situation created, the National Atomic Energy Commission encourages the modification of the contract approved by Decree No. 4.339 of 11 August 1969.

In accordance with article 48 of Act No. 16.432, which is incorporated into the Permanent Budget Act and amended by Article 7 of Act No. 20.548, the National Executive is authorized to approve the amended contract.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1 - Approved in all its parts the draft contract to amend the loan contract between the National Atomic Energy Commission and the Kreditanstalt Fur Wiederaufbau and approved by Article 1 of the Decree No. 4.339 of 11 August 1969, whose photocopy is an integral part of this decree as Annex I.

Art. 2o - Authorize or designate Mr. President of the National Atomic Energy Commission to sign the contract approved by Article 1 of the present decree, as well as all documentation relating thereto.

Art. 3o - The National Atomic Energy Commission shall adopt the relevant precautions in order to incorporate into the respective budgets the necessary provisions to meet the emerging erogations of the modification contract referred to in this decree.

Art. 4o - Contact, post, give to the National Directorate of the Official Register and archvese.

BIGNONE

Jorge Wehbe

Juan R. Aguirre Lanari

Note: This Decree is published without an Annex.