National Power Corporation (NPC)

February 7, 1985 FIRB RESOLUTION NO. 010-85 SUBJECT : National Power Corporation ( NPC ) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, That: 1. Effective June 11, 1984, the tax and duty exemption privileges enjoyed by the National Power Corporation under C.A. No. 120 as amended are restored up to June 30, 1985. 2. Provided, That this restoration does not apply to the following: a. importations of fuel oil (crude equivalent) and coal as per FIRB Resolution No. 1-84; b. commercially-funded importations; and c. interest income derived from any investment source. 3. Provided further, That in case of importations funded by international financing agreements, the NPC is hereby required to furnish the FIRB on a periodic basis the particulars of items received or to be received through such arrangements, for purposes of tax and duty exemption privileges. (SGD.) ALFREDO PIO DE RODA, JR. Acting Minister of Finance Acting Chairman, FIRB Refer to minutes of FIRB Meeting No. 4-85 (January 31, 1985)