TO:	The General Manager National Power Corporation The Administrator National Irrigation Administration The Budget Commissioner

The responsibility for the construction and development of the power generating facilities of the Magat Multi-Purpose Project is hereby transferred from the National Irrigation Administration (NIA) to the National Power Corporation (NPC).  Consistent with the foregoing, NPC is hereby directed to review and evaluate the plans, designs, cost estimates and other contract documents of the power phase of the project, negotiate and contract with any agency, foreign or local, for the financing thereof, and to submit a quarterly progress report to the Preisent.

NPC shall coordinate with NIA and such other agencies of the government as appropriate in the implementation and operation of the power phase of the project.

The Budget Commissioner shall allocate the budgetary appropriations for the project under P.D. No. 693 to the NPC and NIA and other agencies involved in the project consistent with their respective project responsibilities.

Done in the City of Manila, this 23rd day of January, in the year of Our Lord, nineteen hundred and seventy-eight.