Selanjutnya
A.I.D.
LOAN AGREEMENT
BE'IWEEN THE
GOVERNMENT OF INDONESIA
THE
PERUSAHAAN LISTRIK JiEGARA
AND THE
UNITED STATES OF AMERICA
Loan
No.
497-H-022
.
•.
TABLE OF CON'l'ENTS
Section· Number
ARTICLE I
SECTION l. l.
SECTION 1 . 2.
-
Page ··.
The Loan
1
The Loan
1
1
Project
Borrower Repayment Terms and Interest
ARTICLE II
SECTION '2 .1.
SECTION 2 .2 .
I nterest
SECTION 2. 3.
Application and Place of Paym,ent
SECTION 2 .4.
Prepayment
4
4
Conditions Precedent
4
Condition·s Pre cedent to Initial Financing
4
ARTICLE III
'SECTION 3.1.
SECTION 3.2.
SECTI ON 3. 3,
SEC'rIOH 3. 4·,
SECTION 3 , 5,
SECTION 4.1.
SECTION 4.2.
SECTION
ARTICLE
4.3 .
V
Principal ·
Conditions Precedent to Financing of Early
Procu:rement It ems
Conditions Precedent to F'inancing
Construction Service s
Termi nal. Dat e s f or Fu.lf Lllment of
Condit ions Precedent
Wotit'ication セIヲ@ Meeting of Conditions
Precedent
10
Dj_sbursements
1.0
Rel1uests for Letters of Commitment
Other Forms of Di s burs ement
Terminal nate fo1, Request::> for Commitment
Documents a nd for Disbµrsements
10
SECTION 5.1 .
SEC'rION 5. 2 .
SECTION. 6.1 .
SECTION 6 .2 .
SECTION
Borr ower ' s Covenants
b・ョセ
ゥ 」ゥ。イケ
G ウ@ Covenants
General Covenants, Warranties and
Agreements
ARTICJ..iE VI
SECTION
6
8
9
11
ll
Particul;ax Covenants and Warr anties
Concer11ing the Project
SECTION
3
3
6. 3.
6.4.
6.5.
Utilization of Eligible Items
Inforr.iation and Marking
Wotic-e o:f Material Developments
Inspecti ons
'l'axes and' Duties
11
11
13
16
l6
16
16
16
17
---- --------
2 ..;
. ,.AR'rICLE. VI, continued
SECTION 6.6.
6.7.
SECTION 6.8.
SECTION 6.9.
S:EC'l'ION
SECTION 6.10.
SECTION 6. D ..
ARTICLE VII
SECT:[,ON 7. 1.
SECTION 7 . 2.
$ECTION 7, 3.
SECTION 7.4 .
SECTION 7 ,5,
SECTION 7.6 .
SECTION 7,7 ,
SECTION 7.8 .
ARTICLE VIII
.SEC r ION 8 .1.
SECTION 8 ..2 セ@
1
SECTION 8. 3.
SECTION 8.4.
SECTION 8 . 5,
.ARTICLE IX
I
'
I
SECTION 9.1 .
SECTION 9:.2.
l7
Commissi ons , Fees and Other Payme nts
Henegotia tion of '.l..'erms .
Insurance ·
Local Sales Agents ' ComwJ.ssions and
Service Payments
Maintenance and Audit of Records
Repor.ts
19
19
19
Covenants Concerning Procurement
20
Procur emen t .sourc'e and Or igin
Date of Procurement
Port Charge s
Small l3usine.ss Notification
Ocean Sh:i.pment
Discrimination in Marine Insurance
Employment of Contr act Personnel
United St ates Gover nment Exces$ Property
20
20
20a
20a
Remedies of A . I. D.
22
Events of Default; Accel er ation
Te:rlllination of Disbursements; Trnnsfer
of Good& to A. I.D.
Refunds
Waivers
Expenses of Collection
22
26
26
26
Borrowe:r Contribution to Beneficia.t'y
27
18
18
21
21
21
22
25
Terms of Contribution
Rate of Exchange
27
Miscellaneous
30
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ARTICLE X
-
SECTION 10.1.
SECTION 10. 2:.
SECTION 10.3 .
·. .
セMZ@
'
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Des i gnation of r ・セイ
・ウョ
I mplementat ion Iette:i-s
Communications
エ 。 エゥカ
・ ウ@
30
31
31
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- 1 LOAN AGREEMENT
AGREEMENT, dated the
/
LISTRIK negセ@
the IDTITED STATES
セfN@
セ@
r
i
qtA
day
ッイs
・ N OGィセ@
( r , 1970
oetween the GOVERNMENT OF Th"DONESIA (herefnafter called the - ''13orro-v;er".) ,
セerusahn@
t
I
l
r
(hereinafter calle'd the " Beneficiary" ), and
セrica
L@
acting through the AGENCY FOR INTERNATIONAL
D3VELOPMENT (hereinafter called "A. I. D. 11 )
•
ARTICLE I.
The Loan
SECTION 1.1.
The Loan .
A. I.D •. hereby agrees to lend to the
l:orrowe;r, for the use of :a nd, u.nd.er ,Section
9 .1 hereunder: to be
to the Beneficiary, pursuant to the Foreign Assistance Act of
セᄋ・ャッ。Nョ、@
1961 , as amended, up to thirteen nttliion eight huncl-red thousand uョゥエ・セ@
States dollars
($13, Boo,ooo)
,.
'
cto a ssist in financing the reasonable
U!lited St.ates clolla l' costs of certain goocis and serv.ices required i'or
t:ie Project as defined in Section 1.2 hereof . . Goods and services
•.
'
1.
.
セZ@
セ@
セM
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セ@ .
..
i'i!1anced herG.u.nder are hereinafter referred to as· "Eligible Iteiris,"
·
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and the aggregate amourtt disbui·sed hereundeT is hereinafter r-e:ferred
'.
'
''·セ ᄋ@
to as "Pr incipa l.!'
SECTION 1. 2 .
Project .
As used in this agreement, tae
".Project" sho.11. mean the design and construction for the rehabilitation
。ョセ@
I
the operation of certain facilities of the- Beneficiary in
•,.r
セィ・@
Me-:Ian system and the provision of technical and managetr.ent assistance
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related ther eto.
(a)
This shall include :
the complete reho.bilitation of the electric power
distribution systems in the city of Medan, o..nd
the adjoining towns of Bindj o.i o..nd Belawrui, including construction of a new 20 KV overhead
primary distribution system o.nd redesign of the
existing service system;
(b)
the r ehnbilitation of existing dies el and ga.s
turbine generating units, and provision of needed
spa.re po.rts;
(c)
the provision of o.dditional
ァ セ ョ・イ
。Nエ
ゥョァ@
capacity
in the Medo.n o..rea;
(d)
the provision of tools o.nd service equipment for
system operation end
ュセゥョエ
・ ョ。」
」[@
(c)
the provision of communications equipment;
(f)
the provision of wo.reheusing and storo.ge facilities
for spa.re pa.rts and suitable fa.cilitics for
equipment repair a.nd t esting ; and
(g)
technical end mD.l'lo.gcment ass istance (including
pa.rticip -:-n t
エ セ ZゥN ゥョァ@
in the United States or third
country) for Beneficiary's sta.ff in its Region I ,
throughout the r ehabilitation period ,. to develop
sound m'.".llo..gement , opera.ting o.nd maintenance practices,
- 3 - .
L セ ャ@
).
as generally described in the request for loan of the Government of
Indonesia dated May 20, 1970, addressed
to
the Agency for International
Development , and more particularly described in the technical report
entitled li'easibility
Medan Electric
aョQ[yセゥウL@
and Expansion, RepulJJ..ゥセ⦅@
pセjキ・イ@
System Rehabilitation
of Indonesia, dated April , 1970 .
i
i
1.
'
lr
II
I
ARTICLE II.
Borrower Rep ayment Terms and Interest
SECTION 2.1.
Interest .
-·
The Borrower shall pay semi-annuall;y'"
to A.I.D . in United St ates dollars on the . unpaid Principal., interest
which shall accrue from the dates of the Tespective disbursements
i
t
I
hereunder, the first such interest payment to be due and payabl.e no
i
l ater than six ( 6) months aft er the first such disbursement on a date
to be specifie d by A. I . D.
[
Pri ncipal tmd interest due but not paid
shall accrue, inte:reBt a t the maximum i·a.te her eunder until fully paid.
Int e1·est shall accrue at the rat·c of two pel·cent (2%) per annum f-or t e n
(10) ケ・。Lイ
セ@
aft .e r the first disour sement hereunder and at a rate of
three percent (3%) per µ;n num the:ceaft er, computed on tbe b.cl:sis. of a
ti:rree hundred sixty- five. (365 ) day y:ear .
c
Disbursements hereunder
shall be cleemed to occur on t he date on whic h payment by A. I. D.
is made either dire ctly to the Bor1·ower or its designee or to a ba,nki ng
institut ion pursuant to a commitment document.
SECTI ON 2 .2 . Principal .
Borrower snall r epay the Principal
to .A.I.D . in United States dollars within forty (40 ) y ea.rs from the date
·.; ,
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'
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i
4.:.
-o f first disbursement hereunder in sixty-one (61) l ev el s.e mi - annual
ins tallments of prindpal and interest , the f irst irlStallment t o be
due e.nd pi.'j,yable nine and one-half (9 - 1/2 ) years after the first interest
payment i s due •
SECTION 2..3 .
Application and Pla ce of' Payment .
AXl payments
shall be applied first to the pa.yment of a:ny interest diJ.e and unpaid
and then to the repayment of Principal.
All payments shal l be made to
the Controller, United States Agency for International Dev el o:pime-nt
(hm.·e inafter ca lled "USAID" ) , Djakarta, Indone sia, or t o su cb other
payee or at such other add:ress as. A.I.D . may designate , and s hall be
deemed to have been paid when t here received.
SECTION 2 . 4.
Prepayment .
The Borrower shall he.ve the right
to prepa.y, without penalty, on any date on which interest is due , ull
or any part oi' the
pイゥョ」ーセャN@
Any prepayment shall be appU.ed :ft :rst
to the p(.1.ymcnt of any accrue-d and unpaid int erest and then to the
remhining installments of Principal in the inverse · order of their
. ' •.
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maturi·t;y
.
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.AR'J?ICLE III.
Conditions Precedent
SECTION 3.1 .
Conditions Precedent to Initiat Financing.
Unless A. I. D. otherwise agr ees in writing, prior to the i ssuance of the
first
letter of commitment or ,o ther commitment dccwnent for fi nancing
I
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------:---- 5 -
consultant
services the Borrower or the Beneficiary, as appropria.te ,
shall .furnish A.I.D ., in form and substance satisfactory to_ A.I . D• :
(a)
An opinion of the Minister of' Justice of the
Borrower· tl).at this Loan Agreement. has been duly
authorii.e d or ra.tified by, and executed on behali'
of, the' Borrower and is .a valid and legally binding
obligation of the Borrower in accordance with its
terms;
(b)
.An opinion of the principa.l legal of.ficer of the
Beneficiary, or of other legal counsel satisfactory
to A. I.D., that this Loan Ag1·eement has been duly
authorized or ratified by, and executed on behalf of,
;
the Beneficiary and is a va.lid and legally binding
;.
o'Dligation o.f the Bencficia.1'.y in o.ccordance with its
f
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( c) ·1•11e names of the persons who will act as the representat:i:ves of the Borrower and the bZセ
ョ ・ ヲゥ」。tケ@
pursuant
to Section io:, 1 hereof , if other than the persons
--
designa;ted in Sf;!.id Section, together with evidence
of' their authority and a specimen signa.ture of each such
ー ・イウッ
ョセ@
as to its authenticity by either
」・セエゥヲ、@
the persons rendering the legal opinions pursuant to
Sections
3 .1 (a)
and
3. l (b) or the per sons executing
1
this rJonn Agreement;
.. .
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Mセ M N@
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(d)
A cost reimbursable contract with a consulting firm
or individual(s) .
The selection of said consultant
and the terms of said contract shall be in accordance
with A.I.D. Capital Project Guidelines ;
(e)
Evidence . including
rui
opinion of the Minister of
Just ice of Borrower ) tho.t the Beneficia.ry has legal
o.uthority to undertake promptly the
and
セイッ」オ・ュョエ@
cont ro.cting for coxmnodities o.nd services necessary
for implemento.tion of thi s Project .
SECTION 3.2 .
Procurement Items .
Conditions Precedent to
fゥョ
ッNョ」ゥセヲ@
eッNイャセ@
Unless A. I.D. otherwise o.grees in writ ing, prior
to the issun.ncc of the first letter of commitment or ot h er commitment
document for the financing of procurement (a.pru-t from consultant
services) by Beneficiexy , the Borrower or the Beneficiary,
セウ@
appropriate ,
shall have met the conditions precedent in Sect ion 3.1, and in addition
shall furnish A.I.D. 1 in form nnd substc..nce s:1.tisfo.ctory to A.I.D.:
(a.)
An r-,grecment between Beneficiary and a. contractor for
the provision of me.nngcm0nt consultn.nt service s o.s
required by Article , II of t he Proj ect Agreement
executed by Bcncficia.ry o.nd the International Development Assocfo.tion (her e ina ft er
11
IDA11 ) in connection
with the Development Credi t Agreement between IDA
and Borrower (Credit Number 165 IND) dated October 29,
1969.
- 7-·
(b)
A plan for utilization by Beneficiary of technical
and management assistance and training for the project.
Said plan shall include specific designation of counterpart
セイウッョ・ャ@
of Beneficiary who will work with
technical and management assistance
ー・イウッョャ
セ@
their
time availability and responsibilit y as members of the
counterpart team and their current duties ns Beneficiary
stuff members .• and designations of those who will be
r equested by Beneficiary to receive
ーセクエゥ」。ョ@
training.
(c)
A plan for implementation of the project , including t he
sp l:cific ;t ion of b ::.sic Rynt cm st :mdn.rds for the distribution systems .
Sa id system stondn.rds sho.11 include
struido.rds for wiring and voltage l evels of prinmry and
s econdary lines .
So.id plo.n shall outline the 3.!'range-
ments mo.de for service to Belnwo.n.
So.id plo.n sho.11
o.lso set forth Borrower's proje ction for providing
Indonesio.n currency nnd foreign exchru"ige from i t s
bud.getnry sources t o Beneficinry .:is required by
Section 5.l(c) and (d) of this Agr eement.
(d)
Evidence tho.t セ ョケ@
rights of wny , right s of entry, イ ・セ ャ@
proper t y l co.se s or ncquisitions nece ssar y for proj ect
implementation o.nd/or system ッー
obtained or pl.'.'Jls
(e )
ュセ、・@
」イ
セエ
ゥッョ@
ho.ve b een
o.nd fino..ncing provided ther efor.
Evidence thnt for eign cxcho.ngc ィセウ@
b een m...1.de o.vnilnblc
to Benefici:i.ry for the purcho.s e of t hird country spa.re
:
- 8 and replacement parts for rehabilitation of diesel and
gas turbine generators and related e quipment .
(f)
A plan for procurement of ·equipment for the project . ··- ·
Said
for
plan shall include evidence of provision
ーイッセオュ・ョエ@
セエッゥ・@
including secured storage at port or other
location pending receipt of customs clearance and- for
handling and transpo:r:tati'on o.f conunod.ities to project
site and for ·storage at the project site . .
(g )
Procurement contracts. for equipment and materials between
B'eneficiary and a firm or f'irms , selection o:f ·which
and the terms. of said cont1·act or contracts shall be in
r
accordance with A. I. D. Capit?-l Proj eGt Guidelines.
SEarTON
Services .
3.3 .
Conditions Pre c edent to Financing Construction
.
Unless A. I .D. othenr:Lse e.greei> in writing., . prior ·40 the
issuance of lette1·s of commitment ·or other commitment documents for
construction services, the Borrower or Ben:eficia.ry, as appr0priate, shall
have met the conditions precedent tn .Section 3.1 a nd 3.2, and in addition
t..
"
セ@
shall fu.xnish to A. I.:D . in form and substanc·e satisfactory to A. I.D.: .
( a)
Evidence of the establishment by Benef:i.ciar:y of a reserve
fund in Indonesian cu.rrency equal to ·t;he total Indones ian
cm·rency costs of the, project for the upcoming 6 months
as estimated by the engineering cons ultant, said f'unds
to be r epl enished to the e.ppropria:l:;e level
アオ。
ゥセ エ・イ
ケL@ ャ
セ@
or more often in the .ev e nt a ctual Indonesian cui'rency
expenditures su.b stantially exceed said estimates , or such
'
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セᄋ@
セZ@
.
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.
'
- 9 lesser runount as A.I.D. shall agree to in writing , which
.s hall be used for the execution of the pi-oject
セュ」
ャ@
for
support of operation and maintenance f.or the "Project
until the project is completed.
A preliminary design for the rehabilitated electrical
(b)
system which will fonn the basi s for the final design
..
'I
'·
q
セ
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for each .subdivision. of the' rehabilitated· system.
L
Said preliminary deHign shall include : .
I·
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(
:;
(i)
maps and diagrams showing the preliminary layout
of proposed electric distribution systems ;
セ [@
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(ii)
r
detailed specif'icatfons for the indi vidua1 p1·ototype
units which ·will combine in varying quantities to
·r. .
LOAN AGREEMENT
BE'IWEEN THE
GOVERNMENT OF INDONESIA
THE
PERUSAHAAN LISTRIK JiEGARA
AND THE
UNITED STATES OF AMERICA
Loan
No.
497-H-022
.
•.
TABLE OF CON'l'ENTS
Section· Number
ARTICLE I
SECTION l. l.
SECTION 1 . 2.
-
Page ··.
The Loan
1
The Loan
1
1
Project
Borrower Repayment Terms and Interest
ARTICLE II
SECTION '2 .1.
SECTION 2 .2 .
I nterest
SECTION 2. 3.
Application and Place of Paym,ent
SECTION 2 .4.
Prepayment
4
4
Conditions Precedent
4
Condition·s Pre cedent to Initial Financing
4
ARTICLE III
'SECTION 3.1.
SECTION 3.2.
SECTI ON 3. 3,
SEC'rIOH 3. 4·,
SECTION 3 , 5,
SECTION 4.1.
SECTION 4.2.
SECTION
ARTICLE
4.3 .
V
Principal ·
Conditions Precedent to Financing of Early
Procu:rement It ems
Conditions Precedent to F'inancing
Construction Service s
Termi nal. Dat e s f or Fu.lf Lllment of
Condit ions Precedent
Wotit'ication セIヲ@ Meeting of Conditions
Precedent
10
Dj_sbursements
1.0
Rel1uests for Letters of Commitment
Other Forms of Di s burs ement
Terminal nate fo1, Request::> for Commitment
Documents a nd for Disbµrsements
10
SECTION 5.1 .
SEC'rION 5. 2 .
SECTION. 6.1 .
SECTION 6 .2 .
SECTION
Borr ower ' s Covenants
b・ョセ
ゥ 」ゥ。イケ
G ウ@ Covenants
General Covenants, Warranties and
Agreements
ARTICJ..iE VI
SECTION
6
8
9
11
ll
Particul;ax Covenants and Warr anties
Concer11ing the Project
SECTION
3
3
6. 3.
6.4.
6.5.
Utilization of Eligible Items
Inforr.iation and Marking
Wotic-e o:f Material Developments
Inspecti ons
'l'axes and' Duties
11
11
13
16
l6
16
16
16
17
---- --------
2 ..;
. ,.AR'rICLE. VI, continued
SECTION 6.6.
6.7.
SECTION 6.8.
SECTION 6.9.
S:EC'l'ION
SECTION 6.10.
SECTION 6. D ..
ARTICLE VII
SECT:[,ON 7. 1.
SECTION 7 . 2.
$ECTION 7, 3.
SECTION 7.4 .
SECTION 7 ,5,
SECTION 7.6 .
SECTION 7,7 ,
SECTION 7.8 .
ARTICLE VIII
.SEC r ION 8 .1.
SECTION 8 ..2 セ@
1
SECTION 8. 3.
SECTION 8.4.
SECTION 8 . 5,
.ARTICLE IX
I
'
I
SECTION 9.1 .
SECTION 9:.2.
l7
Commissi ons , Fees and Other Payme nts
Henegotia tion of '.l..'erms .
Insurance ·
Local Sales Agents ' ComwJ.ssions and
Service Payments
Maintenance and Audit of Records
Repor.ts
19
19
19
Covenants Concerning Procurement
20
Procur emen t .sourc'e and Or igin
Date of Procurement
Port Charge s
Small l3usine.ss Notification
Ocean Sh:i.pment
Discrimination in Marine Insurance
Employment of Contr act Personnel
United St ates Gover nment Exces$ Property
20
20
20a
20a
Remedies of A . I. D.
22
Events of Default; Accel er ation
Te:rlllination of Disbursements; Trnnsfer
of Good& to A. I.D.
Refunds
Waivers
Expenses of Collection
22
26
26
26
Borrowe:r Contribution to Beneficia.t'y
27
18
18
21
21
21
22
25
Terms of Contribution
Rate of Exchange
27
Miscellaneous
30
f:
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,
;
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,
I'
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28
I
ARTICLE X
-
SECTION 10.1.
SECTION 10. 2:.
SECTION 10.3 .
·. .
セMZ@
'
.
Des i gnation of r ・セイ
・ウョ
I mplementat ion Iette:i-s
Communications
エ 。 エゥカ
・ ウ@
30
31
31
- --- ·
J
}
.
- 1 LOAN AGREEMENT
AGREEMENT, dated the
/
LISTRIK negセ@
the IDTITED STATES
セfN@
セ@
r
i
qtA
day
ッイs
・ N OGィセ@
( r , 1970
oetween the GOVERNMENT OF Th"DONESIA (herefnafter called the - ''13orro-v;er".) ,
セerusahn@
t
I
l
r
(hereinafter calle'd the " Beneficiary" ), and
セrica
L@
acting through the AGENCY FOR INTERNATIONAL
D3VELOPMENT (hereinafter called "A. I. D. 11 )
•
ARTICLE I.
The Loan
SECTION 1.1.
The Loan .
A. I.D •. hereby agrees to lend to the
l:orrowe;r, for the use of :a nd, u.nd.er ,Section
9 .1 hereunder: to be
to the Beneficiary, pursuant to the Foreign Assistance Act of
セᄋ・ャッ。Nョ、@
1961 , as amended, up to thirteen nttliion eight huncl-red thousand uョゥエ・セ@
States dollars
($13, Boo,ooo)
,.
'
cto a ssist in financing the reasonable
U!lited St.ates clolla l' costs of certain goocis and serv.ices required i'or
t:ie Project as defined in Section 1.2 hereof . . Goods and services
•.
'
1.
.
セZ@
セ@
セM
I
'! . f
セ@ .
..
i'i!1anced herG.u.nder are hereinafter referred to as· "Eligible Iteiris,"
·
I
:
{
and the aggregate amourtt disbui·sed hereundeT is hereinafter r-e:ferred
'.
'
''·セ ᄋ@
to as "Pr incipa l.!'
SECTION 1. 2 .
Project .
As used in this agreement, tae
".Project" sho.11. mean the design and construction for the rehabilitation
。ョセ@
I
the operation of certain facilities of the- Beneficiary in
•,.r
セィ・@
Me-:Ian system and the provision of technical and managetr.ent assistance
''
;
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related ther eto.
(a)
This shall include :
the complete reho.bilitation of the electric power
distribution systems in the city of Medan, o..nd
the adjoining towns of Bindj o.i o..nd Belawrui, including construction of a new 20 KV overhead
primary distribution system o.nd redesign of the
existing service system;
(b)
the r ehnbilitation of existing dies el and ga.s
turbine generating units, and provision of needed
spa.re po.rts;
(c)
the provision of o.dditional
ァ セ ョ・イ
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capacity
in the Medo.n o..rea;
(d)
the provision of tools o.nd service equipment for
system operation end
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(c)
the provision of communications equipment;
(f)
the provision of wo.reheusing and storo.ge facilities
for spa.re pa.rts and suitable fa.cilitics for
equipment repair a.nd t esting ; and
(g)
technical end mD.l'lo.gcment ass istance (including
pa.rticip -:-n t
エ セ ZゥN ゥョァ@
in the United States or third
country) for Beneficiary's sta.ff in its Region I ,
throughout the r ehabilitation period ,. to develop
sound m'.".llo..gement , opera.ting o.nd maintenance practices,
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as generally described in the request for loan of the Government of
Indonesia dated May 20, 1970, addressed
to
the Agency for International
Development , and more particularly described in the technical report
entitled li'easibility
Medan Electric
aョQ[yセゥウL@
and Expansion, RepulJJ..ゥセ⦅@
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System Rehabilitation
of Indonesia, dated April , 1970 .
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II
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ARTICLE II.
Borrower Rep ayment Terms and Interest
SECTION 2.1.
Interest .
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The Borrower shall pay semi-annuall;y'"
to A.I.D . in United St ates dollars on the . unpaid Principal., interest
which shall accrue from the dates of the Tespective disbursements
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hereunder, the first such interest payment to be due and payabl.e no
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l ater than six ( 6) months aft er the first such disbursement on a date
to be specifie d by A. I . D.
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Pri ncipal tmd interest due but not paid
shall accrue, inte:reBt a t the maximum i·a.te her eunder until fully paid.
Int e1·est shall accrue at the rat·c of two pel·cent (2%) per annum f-or t e n
(10) ケ・。Lイ
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aft .e r the first disour sement hereunder and at a rate of
three percent (3%) per µ;n num the:ceaft er, computed on tbe b.cl:sis. of a
ti:rree hundred sixty- five. (365 ) day y:ear .
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Disbursements hereunder
shall be cleemed to occur on t he date on whic h payment by A. I. D.
is made either dire ctly to the Bor1·ower or its designee or to a ba,nki ng
institut ion pursuant to a commitment document.
SECTI ON 2 .2 . Principal .
Borrower snall r epay the Principal
to .A.I.D . in United States dollars within forty (40 ) y ea.rs from the date
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-o f first disbursement hereunder in sixty-one (61) l ev el s.e mi - annual
ins tallments of prindpal and interest , the f irst irlStallment t o be
due e.nd pi.'j,yable nine and one-half (9 - 1/2 ) years after the first interest
payment i s due •
SECTION 2..3 .
Application and Pla ce of' Payment .
AXl payments
shall be applied first to the pa.yment of a:ny interest diJ.e and unpaid
and then to the repayment of Principal.
All payments shal l be made to
the Controller, United States Agency for International Dev el o:pime-nt
(hm.·e inafter ca lled "USAID" ) , Djakarta, Indone sia, or t o su cb other
payee or at such other add:ress as. A.I.D . may designate , and s hall be
deemed to have been paid when t here received.
SECTION 2 . 4.
Prepayment .
The Borrower shall he.ve the right
to prepa.y, without penalty, on any date on which interest is due , ull
or any part oi' the
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Any prepayment shall be appU.ed :ft :rst
to the p(.1.ymcnt of any accrue-d and unpaid int erest and then to the
remhining installments of Principal in the inverse · order of their
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maturi·t;y
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.AR'J?ICLE III.
Conditions Precedent
SECTION 3.1 .
Conditions Precedent to Initiat Financing.
Unless A. I. D. otherwise agr ees in writing, prior to the i ssuance of the
first
letter of commitment or ,o ther commitment dccwnent for fi nancing
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consultant
services the Borrower or the Beneficiary, as appropria.te ,
shall .furnish A.I.D ., in form and substance satisfactory to_ A.I . D• :
(a)
An opinion of the Minister of' Justice of the
Borrower· tl).at this Loan Agreement. has been duly
authorii.e d or ra.tified by, and executed on behali'
of, the' Borrower and is .a valid and legally binding
obligation of the Borrower in accordance with its
terms;
(b)
.An opinion of the principa.l legal of.ficer of the
Beneficiary, or of other legal counsel satisfactory
to A. I.D., that this Loan Ag1·eement has been duly
authorized or ratified by, and executed on behalf of,
;
the Beneficiary and is a va.lid and legally binding
;.
o'Dligation o.f the Bencficia.1'.y in o.ccordance with its
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( c) ·1•11e names of the persons who will act as the representat:i:ves of the Borrower and the bZセ
ョ ・ ヲゥ」。tケ@
pursuant
to Section io:, 1 hereof , if other than the persons
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designa;ted in Sf;!.id Section, together with evidence
of' their authority and a specimen signa.ture of each such
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as to its authenticity by either
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the persons rendering the legal opinions pursuant to
Sections
3 .1 (a)
and
3. l (b) or the per sons executing
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this rJonn Agreement;
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(d)
A cost reimbursable contract with a consulting firm
or individual(s) .
The selection of said consultant
and the terms of said contract shall be in accordance
with A.I.D. Capital Project Guidelines ;
(e)
Evidence . including
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opinion of the Minister of
Just ice of Borrower ) tho.t the Beneficia.ry has legal
o.uthority to undertake promptly the
and
セイッ」オ・ュョエ@
cont ro.cting for coxmnodities o.nd services necessary
for implemento.tion of thi s Project .
SECTION 3.2 .
Procurement Items .
Conditions Precedent to
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eッNイャセ@
Unless A. I.D. otherwise o.grees in writ ing, prior
to the issun.ncc of the first letter of commitment or ot h er commitment
document for the financing of procurement (a.pru-t from consultant
services) by Beneficiexy , the Borrower or the Beneficiary,
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appropriate ,
shall have met the conditions precedent in Sect ion 3.1, and in addition
shall furnish A.I.D. 1 in form nnd substc..nce s:1.tisfo.ctory to A.I.D.:
(a.)
An r-,grecment between Beneficiary and a. contractor for
the provision of me.nngcm0nt consultn.nt service s o.s
required by Article , II of t he Proj ect Agreement
executed by Bcncficia.ry o.nd the International Development Assocfo.tion (her e ina ft er
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IDA11 ) in connection
with the Development Credi t Agreement between IDA
and Borrower (Credit Number 165 IND) dated October 29,
1969.
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(b)
A plan for utilization by Beneficiary of technical
and management assistance and training for the project.
Said plan shall include specific designation of counterpart
セイウッョ・ャ@
of Beneficiary who will work with
technical and management assistance
ー・イウッョャ
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their
time availability and responsibilit y as members of the
counterpart team and their current duties ns Beneficiary
stuff members .• and designations of those who will be
r equested by Beneficiary to receive
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training.
(c)
A plan for implementation of the project , including t he
sp l:cific ;t ion of b ::.sic Rynt cm st :mdn.rds for the distribution systems .
Sa id system stondn.rds sho.11 include
struido.rds for wiring and voltage l evels of prinmry and
s econdary lines .
So.id plo.n shall outline the 3.!'range-
ments mo.de for service to Belnwo.n.
So.id plo.n sho.11
o.lso set forth Borrower's proje ction for providing
Indonesio.n currency nnd foreign exchru"ige from i t s
bud.getnry sources t o Beneficinry .:is required by
Section 5.l(c) and (d) of this Agr eement.
(d)
Evidence tho.t セ ョケ@
rights of wny , right s of entry, イ ・セ ャ@
proper t y l co.se s or ncquisitions nece ssar y for proj ect
implementation o.nd/or system ッー
obtained or pl.'.'Jls
(e )
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ho.ve b een
o.nd fino..ncing provided ther efor.
Evidence thnt for eign cxcho.ngc ィセウ@
b een m...1.de o.vnilnblc
to Benefici:i.ry for the purcho.s e of t hird country spa.re
:
- 8 and replacement parts for rehabilitation of diesel and
gas turbine generators and related e quipment .
(f)
A plan for procurement of ·equipment for the project . ··- ·
Said
for
plan shall include evidence of provision
ーイッセオュ・ョエ@
セエッゥ・@
including secured storage at port or other
location pending receipt of customs clearance and- for
handling and transpo:r:tati'on o.f conunod.ities to project
site and for ·storage at the project site . .
(g )
Procurement contracts. for equipment and materials between
B'eneficiary and a firm or f'irms , selection o:f ·which
and the terms. of said cont1·act or contracts shall be in
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accordance with A. I. D. Capit?-l Proj eGt Guidelines.
SEarTON
Services .
3.3 .
Conditions Pre c edent to Financing Construction
.
Unless A. I .D. othenr:Lse e.greei> in writing., . prior ·40 the
issuance of lette1·s of commitment ·or other commitment documents for
construction services, the Borrower or Ben:eficia.ry, as appr0priate, shall
have met the conditions precedent tn .Section 3.1 a nd 3.2, and in addition
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shall fu.xnish to A. I.:D . in form and substanc·e satisfactory to A. I.D.: .
( a)
Evidence of the establishment by Benef:i.ciar:y of a reserve
fund in Indonesian cu.rrency equal to ·t;he total Indones ian
cm·rency costs of the, project for the upcoming 6 months
as estimated by the engineering cons ultant, said f'unds
to be r epl enished to the e.ppropria:l:;e level
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or more often in the .ev e nt a ctual Indonesian cui'rency
expenditures su.b stantially exceed said estimates , or such
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.s hall be used for the execution of the pi-oject
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for
support of operation and maintenance f.or the "Project
until the project is completed.
A preliminary design for the rehabilitated electrical
(b)
system which will fonn the basi s for the final design
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for each .subdivision. of the' rehabilitated· system.
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Said preliminary deHign shall include : .
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(i)
maps and diagrams showing the preliminary layout
of proposed electric distribution systems ;
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(ii)
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detailed specif'icatfons for the indi vidua1 p1·ototype
units which ·will combine in varying quantities to
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