Question & AnswerQ&A (LETTER OF INSTRUCTION NO. 669)
The main purpose is to create a committee to formulate and recommend guidelines to accelerate the exploration, exploitation, development, and utilization of uranium and other nuclear fuel minerals in the Philippines.
The committee is composed of senior officials from the Department of Energy, Department of Finance, Department of Justice, Department of Natural Resources, and the Board of Investments.
The Secretary of Energy has supervisory authority over the committee.
The committee shall conduct a thorough review of existing legislation to formulate and recommend policy guidelines for accelerating uranium and nuclear fuel minerals development, evaluate Getty Oil Company's proposal for exploration and exploitation, and recommend the appropriate vehicle to carry out the work program.
Each department must submit their nominees to the committee within five (5) days from the date of the Letter of Instruction.
The committee shall complete its work and submit a report to the President through the Secretary of Energy within thirty (30) days from the date of the Letter of Instruction.
The committee is authorized to call upon the involved departments and their bureaus and offices to provide assistance in personnel, facilities, and other resources as needed.
Getty Oil Company submitted a proposal for the exploration, exploitation, and development of uranium and other nuclear fuel minerals through a service contract, offering technology, services, and financing for a uranium mining operation in the Larap/Paracale area.
Because the increase in imported energy prices burdens the country's foreign exchange resources and hampers economic and industrial development, thus indigenous nuclear resources could help meet energy needs and support economic growth.
It took effect immediately on February 9, 1978.