Amendments to the 1981 Investment Priorities Plan

June 26, 1981

LETTER OF INSTRUCTIONS NO. 1152

In accordance with the specific recommendations stated in the memorandum of the Chairman of the Board of Investments dated 17 June 1981, the proposed inclusion of the following energy conservation projects in the 1981 Investment Priorities Plan is hereby approved as amendments to the said Plan: cdt

1) Installation of new equipment or modernization of existing equipment leading to improvements in the efficiency with which energy is used (e.g. high efficiency boilers and furnaces, co-generation of steam and electricity, and instrumentation and control devices) — (Pioneer/Non-Pioneer)

2) Installation of new equipment or conversion of existing equipment to enable the replacement of one form of energy with another to promote the national interest (e.g. from electricity to direct fuel or vice versa, from gasoline or diesel-powered to bunker or coal-powered) — (Pioneer/Non-Pioneer)

3) Installation of new manufacturing plant or process, or modernization of existing manufacturing plant or process, resulting in more efficient utilization of energy than currently achieved (e.g. new chemical plants requiring less energy inputs) — (Pioneer/Non-Pioneer)

4) Installation of waste energy recovery system (e.g. recycling of waste hot water) — (Pioneer/Non-Pioneer) aisa dc

5) Installation of equipment and materials to improve energy utilization in buildings (e.g. more energy-efficient lighting system or air-conditioning system) — (Pioneer/Non-Pioneer)

6) Manufacture of equipment for specific use in the energy conservation projects listed above — (Pioneer/Non-Pioneer)

DONE in the City of Manila, this 26th day of June, in the year of Our Lord, Nineteen Hundred and Eighty-One.