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                  Terça-feira, 24 de Abril de 2012
                                                                                                                                                I Série
                                                                                                                                            Número 24




                  BOLETIM OFICIAL
1 521000 002089




                  ÍNDICE
                                               ASSEMBLEIA NACIONAL:

                                          Ordem do Dia:

                                             Da Sessão Plenária do dia 26 de Março de 2012 e seguintes.

                                               CONSELHO DE MINISTROS:

                                          Decreto nº 3/2012:

                                             Aprova o Acordo de Empréstimo entre o Governo da República de Cabo Verde e o Banco Internacional
                                               para a Reconstrução e Desenvolvimento.

                                          Resolução nº 21/2012:

                                             Classifica como património natural, histórico e cultural nacional o sítio de Pedra de Lume, Ilha do Sal.

                                          Resolução nº 22/2012:

                                             Cria uma Comissão para a implementação do IPv6 em Cabo Verde.

                                          Resolução nº 23/2012:

                                             Altera o n.º 3 do artigo 7.º da Resolução n.º 33/2008, de 29 de Setembro, alterada pela Resolução n.º
                                                24/2011, de 4 de Julho (COMNAC).


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                  504     I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012

                              ASSEMBLEIA NACIONAL                                   Verde e o Banco Internacional para a Reconstrução e De-
                                                                                    senvolvimento, cujo texto em língua inglesa e respectiva
                                           ––––––                                   tradução em língua portuguesa, se encontram em anexo
                                                                                    e fazem parte integrantes do presente diploma.
                                      Ordem do Dia
                                                                                                                            Artigo 2º
                    A Assembleia Nacional aprovou a Ordem do Dia abaixo
                  indicada para a Sessão Plenária do dia 26 de Março de                                                    (Objecto)
                  2012 e seguintes:
                                                                                      O empréstimo objecto do presente diploma, concedido
                    I - Perguntas dos Deputados ao Governo                          pelo Banco Internacional para a Reconstrução e Desen-
                                                                                    volvimento, no montante de € 40.200.000,00 (quarenta
                    II - Aprovação de Propostas de Resolução                        milhões e duzentos mil euros), o que corresponde apro-
                                                                                    ximadamente à quantia de ECV 4.432.653.000 (quatro
                        - Proposta de resolução relativa à da Conta Geral
                                                                                    bilhões, quatrocentos e trinta e dois milhões, seiscentos
                             do Estado de 2008.
                                                                                    e cinquenta e três mil escudos), destina-se a financiar o
                        - Proposta de resolução relativa à da Conta Geral           Projecto de Recuperação e Reforma do Sector da Energia
                             do Estado de 2009.                                     em Cabo Verde, conforme descrito no Anexo I do Acordo
                                                                                    de Empréstimo.
                    Gabinete do Presidente da Assembleia Nacional,
                  aos 26 de Março de 2012. – O Presidente, Basílio Mosso                                                    Artigo 3º
                  Ramos                                                                                          (Utilização dos fundos)

                                   ––––––o§o–––––––                                   O Governo de Cabo Verde deve fazer o uso do crédito em
                                                                                    estreita observância dos requisitos e condições previstas
                            CONSELHO DE MINISTROS                                   no Acordo de Empréstimo e exclusivamente no âmbito do
                                                                                    Projecto de Recuperação e Reforma do Sector da Energia
                                           ––––––                                   em Cabo Verde.
                                    Decreto nº 3/2012                                                                       Artigo 4º
1 521000 002089




                                        de 24 de Abril                                                           (Prazo e Amortização)

                    Nos termos do artigo 61o da Lei do Orçamento do                   1. O mutuário deve reembolsar o montante principal do
                  Estado para o ano económico de 2012, aprovado pela                empréstimo no prazo global de 30 (trinta) anos a contar
                  Lei no 10/VIII/2011, de 30 de Dezembro, foi autorizado o          a partir de 60 (sessenta) dias após a data de entrada em
                  Governo de Cabo Verde a proceder à contratação de novos           vigor do Acordo de Empréstimo, sendo 5 (cinco) anos o
                  empréstimos, no quadro do financiamento do Orçamento               prazo de carência, e 25 (vinte e cinco) anos o prazo de
                  do Estado.                                                        amortização.
                    Neste quadro, com vista a financiar o Projecto de                  2. O empréstimo deve ser amortizado em pagamentos
                  Recuperação e Reforma do Sector da Energia em Cabo                semestrais iguais e consecutivos, sempre às datas 01 de
                  Verde, o Banco Internacional para a Reconstrução e                Maio e 01 de Novembro, sendo o primeiro pagamento em
                  Desenvolvimento decidiu conceder a Cabo Verde, um                 01 de Maio de 2017.
                  empréstimo para o efeito, nas condições previstas no
                  Acordo de Empréstimo, anexo ao presente decreto.                                                          Artigo 5º

                    O financiamento do referido Projecto tem como ob-                                         (Taxa de Juros e Comissão)
                  jectivos essenciais promover investimentos prioritários             1. A taxa de juros do Empréstimo deve ser reajustada
                  em energia e água, visando o aumento da produção,                 semestralmente com base em uma taxa variável de re-
                  nomeadamente nas Ilhas de Santiago e São Vicente;                 ferência (EURIBOR) acrescida de um spread fixado em
                  impulsionar o Plano de Redução de Perdas da Electra;              um vírgula zero cinco por cento (1,05%).
                  além de apoiar a reforma administrativa da Empresa
                  Nacional de Electricidade.                                          2. O mutuário deve pagar uma comissão de serviços
                                                                                    de zero vírgula vinte e cinco por cento (0,25 %) sobre o
                    Considerando a importância do referido Projecto para
                                                                                    montante do empréstimo, devendo o valor inicial ser pago
                  o desenvolvimento do sector energético em Cabo Verde,
                                                                                    até 60 (sessenta) dias após a data de entrada em vigor
                  o Governo reunido em Conselho de Ministros decide:
                                                                                    do Acordo de Empréstimo.
                    No uso da faculdade conferida pela alínea d) do nº 2                                                    Artigo 6º
                  do artigo 204º da Constituição da República, decretar o
                  seguinte:                                                                                                (Poderes)

                                           Artigo 1º                                  São conferidos ao Membro do Governo, responsável
                                                                                    pela área das Finanças, com a faculdade de subdelegar, os
                                         (Aprovação)
                                                                                    poderes necessários para representar o Governo de Cabo
                    É aprovado o Acordo de Empréstimo assinado a 3 de               Verde junto do Banco Internacional para a Reconstrução
                  Fevereiro de 2012, entre o Governo da República de Cabo           e Desenvolvimento.

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                  I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012                                                                      505
                                           Artigo 8º                                     2.04. The interest payable by the Borrower for each
                                      (Entrada em vigor)                              Interest Period shall be at a rate equal to the Reference
                                                                                      Rate1 for the Loan Currency plus the Fixed Spread;
                    Este diploma entra em vigor no dia seguinte ao da                 provided, that upon a Conversion of all or any portion of
                  sua publicação e o mencionado Acordo de Empréstimo                  the principal amount of the Loan, the interest payable
                  produz os seus efeitos em conformidade com o que nele               by the Borrower during the Conversion Period on such
                  se estipula.                                                        amount shall be determined in accordance with the
                                                                                      relevant provisions of Article IV of the General Condi-
                         Visto e aprovado em Conselho de Ministros de                 tions. Notwithstanding the foregoing, if any amount of
                           19 de Abril de 2012.                                       the Withdrawn Loan Balance remains unpaid when due
                    José Maria Pereira Neves - Cristina Isabel Lopes da               and such non-payment continues for a period of thirty
                  Silva Monteiro Duarte                                               days, then the interest payable by the Borrower shall
                                                                                      instead be calculated as provided in Section 3.02 (e) of
                         Publique-se.                                                 the General Conditions.
                    O Primeiro-Ministro, José Maria Pereira Neves                       2.05. The Payment Dates are May 1 and November 1
                                                                                      in each year.
                           (RECOVERY AND REFORM
                    OF THE ELECTRICITY SECTOR PROJECT)                                  2.06. The principal amount of the Loan shall be repaid
                     BETWEEN REPUBLIC OF CAPE VERDE                                   in accordance with the amortization schedule set forth
                        AND INTERNATIONAL BANK FOR                                    in Schedule 3 to this Agreement.
                    RECONSTRUCTION AND DEVELOPMENT                                       2.07. (a) The Borrower may at any time request any
                                                                                      of the following Conversions of the terms of the Loan in
                    Dated february 3, 2012                                            order to facilitate prudent debt management: (i) a change
                    Loan number 8115-CV                                               of the Loan Currency of all or any portion of the principal
                                                                                      amount of the Loan, withdrawn or unwithdrawn, to an
                                        Loan Agreement                                Approved Currency; (ii) a change of the interest rate basis
                                                                                      applicable to all or any portion of the principal amount
                     Agreement dated february 3, 2012, between RE-                    of the Loan withdrawn and outstanding from a Variable
                  PUBLIC OF CAPE VERDE (“Borrower”) and INTER-
1 521000 002089




                                                                                      Rate to a Fixed Rate, or vice versa, or from a Variable
                  NATIONAL BANK FOR RECONSTRUCTION AND                                Rate based on a Variable Spread to a Variable Rate
                  DEVELOPMENT (“Bank”). The Borrower and the Bank                     based on a Fixed Spread; and (iii) the setting of limits on
                  hereby agree as follows:                                            the Variable Rate applicable to all or any portion of the
                                           Article I                                  principal amount of the Loan withdrawn and outstanding
                                                                                      by the establishment of an Interest Rate Cap or Interest
                                General conditions; definitions
                                                                                      Rate Collar on the Variable Rate.
                    1.01. The General Conditions (as defined in the Ap-                        (b) Any conversion requested pursuant to paragraph
                  pendix to this Agreement) constitute an integral part of                          (a) of this Section that is accepted by the
                  this Agreement.                                                                   Bank shall be considered a “Conversion”, as
                                                                                                    defined in the General Conditions, and shall
                    1.02. Unless the context requires otherwise, the capi-
                                                                                                    be effected in accordance with the provisions
                  talized terms used in this Agreement have the meanings
                                                                                                    of Article IV of the General Conditions and of
                  ascribed to them in the General Conditions or in the
                                                                                                    the Conversion Guidelines.
                  Appendix to this Agreement.
                                                                                               (c) Promptly following the Execution Date for an
                                           Article II
                                                                                                    Interest Rate Cap or Interest Rate Collar
                                             Loan                                                   for which the Borrower has requested that
                                                                                                    the premium be paid out of the proceeds of
                    2.01. The Bank agrees to lend to the Borrower, on                               the Loan, the Bank shall, on behalf of the
                  the terms and conditions set forth or referred to in this                         Borrower, withdraw from the Loan Account
                  Agreement, the amount of forty million two hundred                                and pay to itself the amounts required to pay
                  thousand Euro (€40 200 000), as such amount may be                                any premium payable in accordance with
                  converted from time to time through a Currency Conver-                            Section 4.05 (c) of the General Conditions up
                  sion in accordance with the provisions of Section 2.07 of                         to the amount allocated from time to time
                  this Agreement (“Loan”), to assist in financing the project                        for the purpose in the table in Section IV of
                  described in Schedule 1 to this Agreement (“Project”).                            Schedule 2 to this Agreement.
                    2.02. The Borrower may withdraw the proceeds of the                                                      Article III
                  Loan in accordance with Section IV of Schedule 2 to this                                                    Project
                  Agreement.                                                            1.01. The Borrower declares its commitment to the
                    2.03. The Front-end Fee payable by the Borrower shall             objectives of the Project. To this end, the Borrower shall
                  be equal to one quarter of one percent (0.25%) of the Loan          1
                                                                                       Where the initial loan currency is a currency other than USD, JPY or Euro,
                  amount. The Borrower shall pay the Front-end Fee not                an additional definition of ‘Reference Rate’ and ‘Reference Rate Reset Date’ will
                                                                                      be required in Section I of the Appendix. Please consult with LEGFI for the
                  later than 60 days after the Effective Date.                        appropriate definitions.


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                  506     I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012

                  carry out the Project and cause the Project to be carried                6.03. The Association’s Address is:
                  out in accordance with the provisions of the Subsidiary
                  Loan Agreement and Article V of the General Conditions.                       International Development Association

                     1.02. Without limitation upon the provisions of Sec-                       1818 H Street, N.W.
                  tion 3.01 of this Agreement, and except as the Borrower
                  and the Bank shall otherwise agree, the Borrower shall                        Washington, D.C. 20433
                  ensure that the Project is carried out in accordance with
                                                                                                United States of America
                  the provisions of Schedule 2 to this Agreement.
                                           Article IV                                          Cable address:                Telex:                         Facsimile:
                                     Remedies of the bank                                      INDEVAS                       248423(MCI)                    1-202-477-6391
                     4.01. The Additional Event of Suspension consists of                       Washington, D.C.
                  the following, namely that the Borrower’s Decree-law
                  Nr, 37/82 dated April 17, 1982 establishing ELECTRA                           REPUBLIC OF CAPE VERDE
                  has been amended, suspended, abrogated, repealed or
                                                                                           By
                  waived so as to affect materially and adversely the abil-
                  ity of ELECTRA to perform any of its obligations under                   Authorized Representative, Cristina Duarte
                  the Project.
                                                                                           INTERNATIONAL DEVELOPMENT ASSOCIATION
                    4.02. The Additional Events of Acceleration consists
                  of the following, namely, that the event specified in                     By
                  paragraph (a) of Section 4.01 of this Agreement occurs
                  and is continuing for a period of 60 days after notice of                Authorized Representative
                  the event has been given by the Bank to the Borrower.                                                     SCHEDULE 1
                                           Article V
                                                                                                                       Project Description
                                  Effectiveness; termination
                                                                                          The objectives of the Project are to increase electricity
                     5.01. The Additional Conditions of Effectiveness consist           generation in the Islands of Sao Vicente and Santiago
1 521000 002089




                  of the following:                                                     and to assist ELECTRA to reduce electricity losses in
                        (a) The Subsidiary Loan Agreement has been                      the Island of Santiago.
                             executed on behalf of the Borrower and
                                                                                            The Project consists of the following parts:
                             ELECTRA.
                        (b) The Project Implementation Manual shall have                   Part A: Priority Investments in Electricity and Water
                              been adopted by the Borrower in a manner
                                                                                                a) Extension of Palmarejo Power Plant in Praia
                              satisfactory to the Bank.
                                                                                                     (Island of Santiago), including through the
                        (c) The Borrower has adopted and made public the                             installation of two 10MW heavy fuel oil
                             ARE Resolution.                                                         (HFO) fired unit(s) of electricity generation.
                    5.02. The Additional Legal Matter consists of the fol-                      b) Extension of Lazareto Power Plant in Mindelo
                  lowing, namely that the Subsidiary Loan Agreement has                              (Island of Sao Vicente), including through the
                  been duly authorized or ratified by the Borrower and                                installation of one 5.5MW HFO fired unit(s)
                  ELECTRA and is legally binding upon the Borrower and                               of electricity generation.
                  ELECTRA in accordance with its terms.
                                                                                                c) Provision of additional water storage capacity
                    5.03. The Effectiveness Deadline is the date ninety (90)                         in Palmarejo, including through the
                  days after the date of this Agreement.                                             construction and installation of two water
                                           Article VI                                                storage tanks and related interconnecting
                                  Representative; addresses
                                                                                                     pipes at Palmarejo Power Plant.

                    6.01. The Recipient’s Representative is its minister                   Part B: Support for ELECTRA’s Loss Reduction Plan
                  responsible for finance and planning.
                                                                                                a) Improvement of ELECTRA’s ability to measure
                    6.02. The Recipient’s Address is:                                                energy balances at different levels of
                                                                                                     electricity transmission and distribution
                        Ministry of Finance and Planning
                                                                                                     chain, including through the provision of
                        Avenida Amilcar Cabral- CP 30                                                metering equipment.
                        Praia                                                                   b) Provision of support for reducing electricity
                        Cabo Verde                                                                   distribution losses by preventing meter and
                                                                                                     metering installation tampering, including
                        Cable:              Telex:             Facsimile:                            through the provision and installation of
                                                                                                     metering technology.
                        COORDENACAO         608 MCECV          238) 261 38 97

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                  I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012                                                                  507

                      c) Provision of support to ensure proper management                                (vii) developing and maintaining a system
                            and optimization of the remote metering                                      of monitoring the Project key performance
                            capabilities installed in the existing system,                               indicators; (viii) ensuring coordination among
                            through the design and implementation of an                                  agencies involved in Project implementation,
                            automatic metering management system.                                        as needed.

                   Part C: Support for ELECTRA’s Reform and Sector                              (c) Without limitation to the provisions of
                  Governance                                                                        paragraph (a) above, the PIU shall be headed
                                                                                                    by a Project manager, who shall be assisted
                      a) Provision of support for the electricity sector’                           by a team comprised of, inter alia, (i) a
                           reform and reorganization of ELECTRA,                                    Project accountant; (ii) a procurement officer;
                           including through the provision of technical                             (iii) a monitoring and evaluation officer; (iv)
                           assistance to complete the design and                                    supervisory engineering specialists (owners’
                           implement key reform steps in the electricity                            engineer) for ELECTRA; (v) a financial
                           and water sectors.                                                       auditor; (vi) a communication specialist; and
                                                                                                    (vii) a monitoring and evaluation specialist.
                      b) Provision of support for monitoring the
                          Performance      Management        Contract,                     B. Subsidiary Loan Agreement
                          including through the provision of technical
                          assistance.                                                      1. To facilitate the carrying out of Parts A and B of the
                                                                                        Project, the Borrower, through its Ministry of Finance
                   Part D: Project Implementation, Communication and                    and Planning, shall enter into a subsidiary loan agree-
                  Monitoring and Evaluation                                             ment with ELECTRA under terms and conditions sat-
                                                                                        isfactory to the Bank (the Subsidiary Loan Agreement),
                      a) Provision of support to the PIU for effective
                                                                                        which shall include, inter alia:
                           implementation and supervision of the
                           Project, including through the provision of                          (a) Operational
                           technical assistance, training, audits and
                           design and carrying out of a communication                               (i) ELECTRA shall be responsible for: (A)
                           campaign to disseminate ELECTRA’s reform.                                   providing technical expert advice in the
1 521000 002089




                                                                                                       preparation of bidding documents and bid
                      b) Provision of support to ELECTRA for effective                                 evaluation in respect of activities under Parts
                           supervision of the Parts A and B of the                                     A and B of the Project; (B) carrying out and
                           Project, including through the provision of                                 monitoring the activities under Parts A and B
                           technical assistance.                                                       of the Project; (C) preparing and providing data
                                                                                                       to the PIU for the monitoring and evaluation
                                         SCHEDULE 2
                                                                                                       of results and outcomes of the Project; (D)
                                      Project Execution                                                assist in the implementation of Part C(b) of
                                                                                                       the Project in respect of Project indicators
                   Section I. Implementation Arrangements                                              reflected in the Performance Management
                                                                                                       Contract; (E) ensure that Parts A and B of the
                   A. Institutional Arrangements.
                                                                                                       Project are carried out in accordance with the
                   1. Project Implementation Unit (PIU)                                                Safeguard Documents; and (F) prepare and
                                                                                                       provide to the Borrower its audited Financial
                      (a)   The Recipient shall maintain the PIU                                       Statements; and
                            throughout the implementation of the Project,
                            with functions and resources satisfactory to                            (ii) the Borrower shall procure, contract and
                            the Bank.                                                                  pay for the infrastructure and equipment
                                                                                                       specified in Parts A and B of the Project and
                      (b) Without limitation to the provisions of paragraph                            the installation and operation which shall be
                            (a) above, the PIUs shall have responsibility                              carried out by ELECTRA; and
                            for the day-to-day coordination                 and
                            management of the Project, including overall                        (b) Financial Terms
                            responsibility for, inter alia: (i) ensuring timely            The amount and interests corresponding to the cost
                            implementation of the Project in accordance                 of the assets mentioned under (a)(ii) immediately above
                            with the PIM; (ii) preparing Annual Work                    and financed from the Loan shall be paid by ELECTRA to
                            Plans and Budgets and annual Procurement                    the Ministry of Finance and Planning in Escudos under
                            Plans; (iii) overseeing Project activities under            the same terms and conditions provided in Article II of
                            its direct responsibility and of those under                this Agreement. and not exceeding the periods indicated
                            the responsibility of other agencies involved               in the amortization table reflected in Schedule 3 to this
                            in Project implementation; (iv) managing                    Agreement.
                            Project finances; (v) maintaining consolidated
                            Project accounts; (vi) ensuring adherence                           (c) The Borrower shall exercise its rights and carry
                            to the Safeguard Documents of all agencies                                out its obligations under the Subsidiary Loan
                            involved in the implementation of the Project;                            Agreement in such manner as to protect

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                  508     I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012

                             the interests of the Borrower and the Bank                  Section II. Project Monitoring Reporting and
                             and to accomplish the purposes of the Loan.                Evaluation
                             Except as the Bank shall otherwise agree, the
                             Borrower shall not assign, amend, abrogate                    A. Project Reports
                             or waive the Subsidiary Loan Agreement or
                                                                                           1. The Borrower shall monitor and evaluate the progress
                             any of its provisions.
                                                                                        of the Project and prepare
                    C. Implementation Arrangements
                                                                                           Project Reports in accordance with the provisions of
                    1. Project Implementation Manual (PIM)                              Section 5.08 of the General Conditions and on the basis
                                                                                        of indicators acceptable to the Bank. Each Project Report
                        (a) The Borrower shall carry out the Project, and               shall cover the period of one calendar semester, and shall
                             cause it to be carried out, in accordance                  be furnished to the Bank not later than forty five days
                             with the Project Implementation Manual,                    after the end of the period covered by such report.
                             provided, however, that, in the event of any
                             conflict between the provisions of the PIM                    B. Financial Management, Financial Reports
                             and those of this Agreement, this Agreement                and Audits
                             shall prevail.                                               1. The Borrower shall maintain or cause to be main-
                         (b) Except as the Bank shall otherwise agree,                  tained a financial management system in accordance
                             the Borrower shall not amend or waive any                  with the provisions of Section 5.09 of the General Con-
                             provision of the PIM.                                      ditions.

                    2. Annual Work Plans and Budgets                                      2. Without limitation on the provisions of Part A of this
                                                                                        Section, the Borrower shall prepare and furnish to the
                     The Borrower shall prepare and adopt, not later than               Bank not later than forty five days after the end of each
                  November 30 of each FiscalYear during the implementa-                 calendar quarter, interim unaudited financial reports for
                  tion of the Project, or such later date as the Bank may               the Project covering the quarter, in form and substance
                  agree, an annual work plan and budget (“Annual Work                   satisfactory to the Bank.
                  Plan and Budget”), in form and substance satisfactory
1 521000 002089




                                                                                          3. The Borrower shall have its Financial Statements
                  to the Bank, containing a description of all activities
                                                                                        audited in accordance with the provisions of Section 5.09
                  (and associated budgeted costs) to be carried out in the
                                                                                        (b) of the General Conditions. Each audit of the Financial
                  following Fiscal Year, except that for the first year of
                                                                                        Statements shall cover the period of one fiscal year of the
                  implementation of the Project, it will cover the period
                                                                                        Borrower, including the Financial Statements for ELEC-
                  from Effective Date through December 31 2012.
                                                                                        TRA, commencing with the fiscal year in which the first
                    C. Anti-Corruption                                                  withdrawal was made under the Preparation Advance
                                                                                        for the Project. The audited Financial Statements for
                     The Borrower shall ensure that the Project is car-                 each such period shall be furnished to the Bank not later
                  ried out in accordance with the provisions of the Anti-               than six months after the end of such period.
                  Corruption Guidelines.
                                                                                           Section III. Procurement
                    D. Safeguards
                                                                                           A. General
                    1. The Borrower shall ensure that, throughout the
                  implementation of the Project, the Project shall be imple-              1. Goods, Works and Non-consulting Services. All
                  mented in accordance with the guidelines, procedures,                 goods, works and non-consulting services required for the
                  timetables and other specifications set forth in the Safe-             Project and to be financed out of the proceeds of the Loan
                  guard Documents.                                                      shall be procured in accordance with the requirements
                                                                                        set forth or referred to in Section I of the Procurement
                     2. Without limitation upon its other reporting obliga-             Guidelines, and with the provisions of this Section.
                  tions under this Agreement, the Borrower shall regularly
                  collect, compile and submit to the Bank, in accordance                   2. Consultants’ Services. All consultants’ services
                  with Section II of this Schedule 2 to this Agreement,                 required for the Project and to be financed out of the
                  reports on the status of compliance with the Safeguard                proceeds of the Loan shall be procured in accordance with
                  Documents, giving details of:                                         the requirements set forth or referred to in Sections I and
                                                                                        IV of the Consultant Guidelines and with the provisions
                        (a) measures taken in furtherance of the Safeguard              of this Section.
                             Documents;
                                                                                           3. Definitions. The capitalized terms used below in
                        (b) conditions, if any, which interfere or threaten to          this Section to describe particular procurement methods
                              interfere with the smooth implementation of               or methods of review by the Bank of particular contracts
                              the Safeguard Documents; and                              refer to the corresponding method described in Sections
                                                                                        II and III of the Procurement Guidelines, or Sections II,
                        (c) remedial measures taken or required to be                   III, IV and V of the Consultant Guidelines, as the case
                              taken to address such conditions.                         may be.

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                  I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012                                                                                  509

                   B. Particular Methods of Procurement of Goods,                           D. Review by the Bank of Procurement Decisions
                  Works and Non-consulting Services
                                                                                           The Procurement Plan shall set forth those contracts
                    1. International and National Competitive Bid-                       which shall be subject to the World Bank’s Prior Review.
                  ding. Except as otherwise provided in paragraph 2                      All other contracts shall be subject to Post Review by the
                  below, goods, works and non-consulting services shall                  World Bank.
                  be procured under contracts awarded on the basis of
                  International Competitive Bidding.                                        Section IV. Withdrawal of Loan Proceeds

                    2. The contracts procured under International Com-                      A. General
                  petitive Bidding for Parts A(a) and (b) of the Project, shall
                                                                                           1. The Borrower may withdraw the proceeds of the
                  be subject to the prequalification procedures set forth in
                                                                                         Loan in accordance with the provisions of Article II of
                  paragraph 2.9 and 2.10 of the Procurement Guidelines
                                                                                         the General Conditions, this Section, and such additional
                    3. Other Methods of Procurement of Goods,                            instructions as the Bank may specify by notice to the
                  Works and Non-consulting Services. The following                       Borrower (including the “World Bank Disbursement
                  table specifies the methods of procurement, other than                  Guidelines for Projects” dated May 2006, as revised from
                  International Competitive Bidding, which may be used                   time to time by the Bank and as made applicable to this
                  for goods, works and non-consulting services.                          Agreement pursuant to such instructions), to (a) repay
                                                                                         the Preparation Advance in accordance with Section 2.07
                     Procurement Method                                                  (a) of the General Conditions; (b) finance the Front-end
                       (a) National Competitive Bidding                                  Fee in accordance with Section 2.07 (b) of the General
                       (b) Shopping                                                      Conditions; and (c) finance Eligible Expenditures as set
                       (c) Direct Contracting                                            forth in the table under paragraph 2.
                       (d) Limited International Bidding
                                                                                            2. The following table specifies the categories of Eligible
                     4. Additional Procedures for National Competitive Bid-              Expenditures that may be financed out of the proceeds
                  ding (NCB). National Competitive Bidding may be used.                  of the Loan (“Category”), the allocation of the amounts
                  In the absence of national standard bidding documents                  of the Loan to each Category, and the percentage of
                  acceptable to the Bank, the Bank’s standard bidding                    expenditures to be financed for Eligible Expenditures
                  documents will be used. The following special require-
1 521000 002089




                                                                                         in each Category.
                  ments will also be taken into account: (i) in addition to the
                  advertisement of the General Procurement Notice (GPN)                                                         Amount of the                  Percentage of
                  in the United Nations Development Business(UNDB),                                                             Loan Allocated                 Expenditures
                                                                                                    Category
                  bids will be advertised in national newspapers with wide                                                                                    to be Financed
                                                                                                                              (expressed in Euro)             including taxes
                  circulation and a sufficient time will be allowed to bidders
                                                                                           (1) Goods                                 4 200 000               100%
                  for bid submission, e.g. four weeks; (ii) bid evaluation and
                                                                                           (2) Works and Non-Con-
                  bidder qualifications criteria will be clearly specified in                sulting Services
                                                                                                                                     31 950 000              100%
                  the bidding documents, including for alternative bids;                   (3) (i) Consultants’ Ser-
                  (iii) no preference margin will be granted to domestic                   vices (including audits);                  2 200 000              100%
                  bidders; (iv) eligible firms, including foreign firms, will                and (ii) Training
                  not be excluded from the competition; and (v) for small                                                                                    Amount payable
                  contracts, the procedures will require that a competitive                (4) Refund of Preparation                                         pursuant to Sec-
                                                                                                                                        400 000
                  method be used                                                           Advance                                                           tion 2.07(a) of the
                                                                                                                                                             General Conditions
                    C. Particular Methods of Procurement of Con-                           (5) Unallocated                             1 450 000
                  sultants’ Services                                                       TOTAL AMOUNT                               40 200 000
                    1. Quality- and Cost-based Selection. Except as                         B. Withdrawal Conditions; Withdrawal Period
                  otherwise provided in paragraph 2 below, consultants’
                  services shall be procured under contracts awarded on                    1. Notwithstanding the provisions of Part A of this
                  the basis of Quality and Cost-based Selection.                         Section, no withdrawal shall be made:
                     2. Other Methods of Procurement of Consultants’                              (a) from the Loan Account (other than to repay
                  Services. The following table specifies the methods of                                the Preparation Advance) until the Bank has
                  procurement, other than Quality and Cost-based Selec-                                received payment in full of the Front-end Fee;
                  tion, which may be used for consultants’ services. The                               or
                  Procurement Plan shall specify the circumstances under
                  which such methods may be used:                                                (b) for payments made prior to the date of this
                                                                                                       Agreement; except that withdrawals up to an
                     Procurement Method                                                                aggregate amount not to exceed Euro 200 000
                       (a) Selection Based on Consultants’ Qualifications                               (Euro Two Hundred Thousand) _ equivalent
                       (b) Least-Cost Selection                                                        may be made for payments made prior to this
                                                                                                       date but on or after December 1, 2011 for
                       (c) Single Source Selection
                                                                                                       Eligible Expenditures under Category (3(i)
                       (d) Individual Consultants
                       (e) Selection based on a Fixed Budget                                2. The Closing Date is September 30, 2016.

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                  510    I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012

                    Section V. Other Undertakings                                         2. If the proceeds of the Loan have not been fully
                                                                                       withdrawn as of the first Principal Payment Date, the
                    A. The Borrower shall:
                                                                                       principal amount of the Loan repayable by the Borrower
                         (i) ensure that by no later than 30 days from                 on each Principal Payment Date shall be determined as
                            the Effective Date, ELECTRA shall have                     follows:
                            hired an environmental and social specialist
                            under terms of reference, qualifications and                        (a) To the extent that any proceeds of the Loan
                            experience satisfactory to the Bank who shall                           have been withdrawn as of the first Principal
                            be kept in the position throughout Project                              Payment Date, the Borrower shall repay the
                            implementation;                                                         Withdrawn Loan Balance as of such date in
                                                                                                    accordance with paragraph 1 of this Schedule.
                         (ii) by no later than 120 days after the Effective
                            Date, have appointed an external financial                          (b) Any amount withdrawn after the first Principal
                            auditor for the Project under terms of                                  Payment Date shall be repaid on each
                            reference and qualifications and experience                              Principal Payment Date falling after the date
                            satisfactory to the Bank;                                               of such withdrawal in amounts determined by
                                                                                                    the Bank by multiplying the amount of each
                         (iii) ensure that electricity tariff levels are                            such withdrawal by a fraction, the numerator
                            adjusted every four (4) months according                                of which is the original Installment Share
                            to the fuel factor adjustment methodology                               specified in the table in paragraph 1 of
                            included in the regulatory formula provided                             this Schedule for said Principal Payment
                            in the ARE Regulation or else compensate
                                                                                                    Date (“Original Installment Share”) and
                            ELECTRA for loss of revenue caused by
                                                                                                    the denominator of which is the sum of all
                            insufficient or late tariff adjustments; and
                                                                                                    remaining Original Installment Shares for
                         (iv) beginning in the second semester of 2013 and                          Principal Payment Dates falling on or after
                            by no later than November 30 of each Fiscal                             such date, such amounts repayable to be
                            Year thereafter inform the Bank the estimates                           adjusted, as necessary, to deduct any amounts
                            of ELECTRA yearly financial results for the                              referred to in paragraph 4 of this Schedule, to
                            current Fiscal Year and the forecasted budget                           which a Currency Conversion applies.
                            for the following Fiscal Year. Should such
1 521000 002089




                            forecast indicate that ELECTRA would not                      3. (a) Amounts of the Loan withdrawn within two
                            achieve an interest coverage ratio (EBIT/ Net              calendar months prior to any Principal Payment Date
                            Interest Costs) of at least 1.5 for the following          shall, for the purposes solely of calculating the principal
                            Fiscal Year, the Borrower shall ensure that                amounts payable on any Principal Payment Date, be
                            ELECTRA will achieve such interest coverage                treated as withdrawn and outstanding on the second
                            rate by taking the following measures: (i)                 Principal Payment Date following the date of withdrawal
                            deferring principal and interest repayments                and shall be repayable on each Principal Payment Date
                            on the on-lent financial debt, and/or (ii) take             commencing with the second Principal Payment Date
                            alternative corrective measures to support                 following the date of withdrawal.
                            ELECTRA and inform the Bank accordingly
                                                                                               (b)     Notwithstanding the provisions of sub-
                            thereafter.
                                                                                                       paragraph (a) of this paragraph, if at any
                                        SCHEDULE 3                                                     time the Bank adopts a due date billing
                                                                                                       system under which invoices are issued on or
                                   Amortization Schedule
                                                                                                       after the respective Principal Payment Date,
                    1. The following table sets forth the Principal Pay-                               the provisions of such sub-paragraph shall no
                  ment Dates of the Loan and the percentage of the total                               longer apply to any withdrawals made after
                  principal amount of the Loan payable on each Principal                               the adoption of such billing system.
                  Payment Date (“Installment Share”). If the proceeds of
                  the Loan have been fully withdrawn as of the first Prin-                 4. Notwithstanding the provisions of paragraphs 1
                  cipal Payment Date, the principal amount of the Loan                 and 2 of this Schedule, upon a Currency Conversion of
                  repayable by the Borrower on each Principal Payment                  all or any portion of the Withdrawn Loan Balance to
                  Date shall be determined by the Bank by multiplying:                 an Approved Currency, the amount so converted in the
                  (a) Withdrawn Loan Balance as of the first Principal                  Approved Currency that is repayable on any Principal
                  Payment Date; by (b) the Installment Share for each                  Payment Date occurring during the Conversion Period,
                  Principal Payment Date, such repayable amount to be                  shall be determined by the Bank by multiplying such
                  adjusted, as necessary, to deduct any amounts referred               amount in its currency of denomination immediately
                  to in paragraph 4 of this Schedule, to which a Currency              prior to the Conversion by either: (i) the exchange rate
                  Conversion applies.                                                  that reflects the amounts of principal in the Approved
                                                                                       Currency payable by the Bank under the Currency Hedge
                        Principal Payment Date           Installment Share             Transaction relating to the Conversion; or (ii) if the Bank
                                                          (Expressed as a              so determines in accordance with the Conversion Guide-
                                                            Percentage)
                                                                                       lines, the exchange rate component of the Screen Rate.
                   On each May 1 and November 1
                       Beginning May 1, 2017                    2%                       5. If the Withdrawn Loan Balance is denominated
                     through November 1, 2041                                          in more than one Loan Currency, the provisions of this

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                  I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012                                                                  511

                  Schedule shall apply separately to the amount denomi-                 social impact associated with activities to be implemented
                  nated in each Loan Currency, so as to produce a separate              under the Project, and the measures to be taken to offset,
                  amortization schedule for each such amount.                           reduce, or mitigate such adverse impact.
                                         APPENDIX                                          13. “Environmental and Social Management Plan”
                                                                                        or “ESMP” means the plan disclosed in Cape Verde on
                    Section I. Definitions                                               October 31, 2011 and in the World Bank’s Infoshop on
                                                                                        November 3, 2011, approved by the World Bank for the
                    1. “Annual Work Plan and Budget” means the plan
                                                                                        Project, prepared by the Borrower, if as required by the
                  referred to in paragraph B.2 of Section I of Schedule 2
                                                                                        ESMF, proposing appropriate mitigation, monitoring and
                  to this Agreement.
                                                                                        institutional measures designed to mitigate potential
                    2. “Anti-Corruption Guidelines” means the “Guidelines               adverse environmental and resettlement impacts, offset
                  on Preventing and Combating Fraud and Corruption in                   them, reduce them to acceptable levels or enhance posi-
                  Projects Financed by IBRD Loans and IDA Credits and                   tive impacts, as the same may be amended from time to
                  Grants”, dated October 15, 2006 and revised in January                time with the agreement of the World Bank.
                  2011.
                                                                                          14. “Fiscal Year” means the Borrower’s fiscal year from
                    3. “ARE” means Agencia de Regulacao Economica, the                  January 1 to December 31.
                  Borrower’s Economic Regulation Agency.                                  15. “General Conditions” means the “International
                    4. “ARE Resolution” means the directive issued by                   Bank for Reconstruction and Development General
                  ARE adopting the formulas for energy tariffs and their                Conditions for Loans”, dated July 31, 2010..
                  modalities of application for the period of 5 years from the             16. “MW” means megawatt.
                  Effective Date and providing for such tariffs modification
                  every subsequent 5 years.                                                17. “Performance Management Contract” means the
                                                                                        contract entered into by ELECTRA and the Borrower,
                    5. “Category” means a category set forth in the table               through its Ministry of Finance and Planning and its
                  in Section IV of Schedule 2 to this Agreement.                        Ministry of Tourism, Industry and Energy on October 14,
                                                                                        2011 for the purpose of establishing roles, responsibilities
                    6. “Consultant Guidelines” means the “Guidelines:                   and obligations of the parties regarding the performance
1 521000 002089




                  Selection and Employment of Consultants under IBRD                    of ELECTRA and the support the Borrower will provide
                  Loans and IDA Credits and Grants by World Bank Bor-                   to make possible the achievement of the performance
                  rowers” dated January 2011.                                           objectives.
                    7. “Escudos” means the currency of the Borrower.                      18. “Preparation Advance” means the advance referred
                                                                                        to in Section 2.07 (a) of the General Conditions, granted
                    8. “DGE” means Directorate General for Energy
                                                                                        by the Bank to the Borrower pursuant to the letter agree-
                  established under the Borrower’s Ministry of Tourism,
                                                                                        ment signed on behalf of the Bank on January 6, 2010
                  Industry and Energy.
                                                                                        and on behalf of the Borrower on January 15, 2010.
                     9. “Displaced Persons” means persons who, on account
                                                                                          19. “Procurement Guidelines” means the “Guidelines:
                  of an involuntary taking of land under the Project, had
                                                                                        Procurement of Goods, Works and Non-consulting Ser-
                  or would have their: (a) standard of living adversely af-
                                                                                        vices under IBRD Loans and IDA Credits and Grants by
                  fected; or (b) right, title or interest in any house, land
                                                                                        World Bank Borrowers” dated January 2011.
                  (including premises, agricultural and grazing land) or
                  any other fixed or movable asset acquired or possessed,                   20. “Procurement Plan” means the Borrower’s pro-
                  temporarily or permanently; or (c) access to productive               curement plan for the Project, dated November 7, 2011
                  assets adversely affected, temporarily or permanently;                and referred to in paragraph 1.18 of the Procurement
                  or (d) business, occupation, work or place of residence or            Guidelines and paragraph 1.25 of the Consultant Guide-
                  habitat adversely affected, temporarily or permanently;               lines, as the same shall be updated from time to time in
                  and “Displaced Person” means any of the Displaced                     accordance with the provisions of said paragraphs.
                  Person.
                                                                                           21. “Project Implementation Manual” or “PIM” means a
                    10. “EBIT” means earnings before interest and taxes.                manual, in form and substance acceptable to the Bank, to
                                                                                        be adopted by the Borrower for the Project, containing de-
                    11. “ELECTRA” means “Empresa de Electricidad e                      tailed guidelines and procedures for the implementation
                  Agua”, the Borrower’s entity for electricity and water                of the Project, in the areas of monitoring and evaluation,
                  established pursuant to the Borrower’s decree-law Nr.                 procurement, coordination, social and environmental
                  37/82 dated April 17, 1982 as amended.                                safeguards, financial management, administrative and
                                                                                        accounting procedures and such other administrative,
                    12. ““Environmental and Social Management Frame-
                                                                                        financial, technical and organizational arrangements and
                  work” or “ESMF” means the framework disclosed in Cape
                                                                                        procedures as shall be required for the Project.
                  Verde on May, 2010 and at the World Bank’s Infoshop
                  on December 7, 2010 in form and substance satisfactory                   22. “Project Implementing Unit” or “PIU” means each
                  to the World Bank, setting out modalities to be followed              of the implementing units referred to in Section I.A.1 of
                  in assessing the potential adverse environmental and                  Schedule 2 to this Agreement.

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                  512    I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012

                    23. “Resettlement Action Plan” or “RAP” means the                   1.0.2. Ressalvadas as disposições em contrário, os ter-
                  Recipient’s document prepared and disclosed in accor-               mos em letras maiúsculas empregues no presente Acor-
                  dance with the Resettlement Policy Framework with                   do, têm o significado que lhes é atribuído nas Condições
                  respect to the Project, which, inter alia, (i) contains a           Gerais ou no Anexo ao presente Acordo.
                  census survey of Displaced Persons and valuation of as-
                                                                                                                              Artigo II
                  sets, (ii) describes compensation and other resettlement
                  assistance to be provided, consultation to be conducted                                                O empréstimo
                  with Displaced Persons about acceptable alternatives,
                  institutional responsibilities for the implementation and             2.01. O Banco compromete-se a conceder ao Mutuário,
                  procedures for grievance redress, and arrangements for              um Crédito no montante de quarenta milhões e duzentos
                  monitoring and evaluation, and (iii) contains a timetable           mil Euros (€40 200 000), nos termos e condições estabe-
                  and budget for the implementation of such measures.                 lecidos neste Acordo, valor convertível, se necessário,
                                                                                      através da Conversão Monetária, como plasmado nas
                     24. “Resettlement Policy Framework” or “RPF” means               disposições, Secção 2.07 deste Acordo de (“Empréstimo”),
                  the Borrower’s document dated March 2010, containing                destinado ao financiamento do Projecto descrito no Anexo
                  guidelines, procedures, timetables and other specifica-              1 a este Acordo (“Projecto”).
                  tions for the provision of compensation, rehabilitation
                  and resettlement assistance to Displaced Persons, as                  2.02. Ao Mutuário é autorizado o levantamento duma
                  amended from time to time with the prior written con-               parte do Empréstimo em conformidade com a Secção IV
                  sent of the Bank.                                                   em Anexo 2 a este Acordo.
                    25. “Safeguard Documents” means collectively or in-                 2.03. O Mutuário obriga-se ao pagamento de uma
                  dividually the Environmental and Social Management                  comissão de serviços que será igual a uma taxa de um
                  Framework, the Environmental and Social Impacts As-                 quarto de um por cento (0,25%) sobre o montante do
                  sessment and the Resettlement Policy Framework, the                 Empréstimo. O Mutuário deve pagar o valor inicial, o
                  Environmental and Social Management Plans and the                   mais tardar até 60 dias após a Data de entrada em vigor
                  Resettlement Action Plans prepared in connection with               do contrato.
                  the Project, if any.
                                                                                        2.04. Os juros a pagar pelo Mutuário para cada Período
                    26. “Subsidiary Loan Agreement” means the agree-                  fixo é fixado a uma taxa igual à Taxa de Referência2 para
1 521000 002089




                  ment referred to in Section I.B of Schedule 2 to this               a Moeda do Empréstimo acrescido ao Diferencial (spre-
                  Agreement pursuant to which the Borrower’s and ELEC-                ad) Fixo, desde que, após a Conversão total ou parcial
                  TRA’s operational and financial obligations in respect of            do montante principal do Empréstimo, os juros a pagar
                  the implementation of Parts A and B of the Project are              pelo Mutuário durante o período de Conversão sobre
                  established.                                                        o dito montante seja fixado, em conformidade com as
                    27. “Training” means reasonable expenditures, based               disposições patentes no Artigo IV - Condições Gerais.
                  on an Annual Work Plan and Budget previously approved
                  by the Bank (other than those for consultants’ services),             Não obstante o acima exposto, caso um determinado
                  incurred by the Borrower to finance transportation costs             montante do Saldo do Empréstimo não tiver sido pago na
                  and per diem of trainers and trainees, workshops, rental            data de vencimento e o aludido período exceder trinta
                  of training facilities and acquisition of training equip-           dias, os juros a pagar pelo Mutuário devem ser calcula-
                  ment and materials.                                                 dos à luz da Secção 3.02 (e) das Condições Gerais.

                               EMPRÉSTIMO Nº ______-__                                 2.05. As Datas de pagamento são fixadas em 1 de
                                                                                      Maio e 1 de Novembro de cada ano.
                          ACORDO DE EMPRÉSTIMO
                  (PROJECTO DE RECUPERAÇÃO E REFORMA                                     2.0.6. O montante principal do Empréstimo deve ser
                      DO SECTOR DE ENERGIA) ENTRE A                                   restituído em consonância com o cronograma de Amor-
                    REPÚBLICA DE CABO VERDE E O BANCO                                 tização estabelecido em Anexo 3 a este Acordo.
                  INTERNACIONAL PARA A RECONSTRUÇÃO E
                            DESENVOLVIMENTO                                             2.07. (a) O Mutuário pode solicitar, a qualquer momento, qual-
                                                                                      quer uma das seguintes Conversões das condições de
                    Aos: 3 de Fevereiro, 2012
                                                                                      Empréstimo, a fim de garantir a gestão prudente da
                    O ACORDO DE EMPRÉSTIMO                                            dívida: (i) a mudança total ou parcial da Moeda do
                                                                                      Empréstimo, retirado ou por sacar, para uma Moeda
                    Acordo assinado aos 3 de Fevereiro, 2012, entre a RE-
                                                                                      Aprovada; (ii) uma alteração da base da taxa de juros apli-
                  PÚBLICA DE CABO VERDE (“o Mutuário”) e o BANCO
                                                                                      cável a todo ou parte do valor principal do Empréstimo
                  INTERNACIONAL PARA A RECONSTRUÇÃO E DE-
                                                                                      sacado e em divida a partir de uma Taxa Variável para
                  SENVOLVIMENTO (“o Banco”). O Mutuário e o Banco
                                                                                      uma Taxa Fixa, ou vice-versa, ou a partir de uma Taxa
                  abaixo designados acordam o seguinte:
                                                                                      Variável baseada num Spread Variável para uma Taxa
                                            Artigo I                                  Variável com base num Spread fixo, e (iii) a especificação
                                As condições gerais - definições
                                                                                      dos limites sobre a Taxa Variável aplicável ao montante
                                                                                      2
                                                                                        Para qualquer Moeda de Empréstimo que não seja o USD (dólar americano),
                    1.01. As condições Gerais (conforme definido no Anexo ao           JPY (Yen japonês) ou o Euro, será necessária uma definição adicional de ‘Taxa
                                                                                      de Referência’ e ‘Data de Reajuste da citada taxa na Secção I do Anexo. Vide
                  presente Acordo) constituem parte integrante deste Acordo.          LIBOR para a definição correcta.


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                  I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012                                                                           513

                  total ou parcial do principal do crédito sacado ou em                  5.02. Todas as Questões Jurídicas devem ter a seguinte
                  circulação, através da fixação da Taxa de juros máxima                premissa; que o Acordo de Crédito Subsidiário tenha sido
                  ou duma Taxa Mínima sobre a Taxa Variável.                           efectivamente autorizado ou ratificado pelo Mutuário e
                                                                                       pela ELECTRA devendo ser juridicamente vinculativos
                       (b) Qualquer conversão solicitada, nos termos                   com as obrigações do Mutuário e da ELECTRA, como
                            do parágrafo (a) desta Secção e aceitável                  rezam as disposições.
                            pelo Banco é considerada uma “Conversão”,
                            como estipulado nas Condições Gerais, e                      5.03. O Prazo para a Entrada em vigor é de noventa
                            efectuada com base nas disposições do Artigo               dias (90), após a data do presente Acordo.
                            IV das Condições gerais e das Directivas de                                                        Artigo VI
                            Conversão.
                                                                                                                Representantes; Endereços
                       (c) Logo após a Data de Execução, tratando-se duma
                             Taxa de juros Máxima ou Mínima para o qual                  6.01. O Representante do Mutuário é a Sra. Ministra
                             o Mutuário tenha solicitado que o prémio seja             das Finanças e Planeamento.
                             pago com os recursos do Empréstimo, o Banco,                 6.02. Endereço do mutuário:
                             em nome do Mutuário, deve retirar a partir
                             da conta do Empréstimo e pagar a si próprio,                        Ministério das Finanças e Planeamento
                             o montante destinado ao prémio, segundo a
                                                                                                 Avenida Amílcar Cabral - CP 30
                             Secção 4.05 (c) das Condições Gerais, para o
                             efeito, se necessário, na Tabela - Secção IV, no                    Praia
                             Anexo 2 ao presente Acordo.
                                                                                                 Cabo Verde
                                           Artigo III
                                          O Projecto
                                                                                                Cabo:                             Telex: Fax:

                    1.01. O Mutuário atesta o seu compromisso para com                          COORDENAÇÃO                       608          MCECV (238) 261 38 97
                  os objectivos do Projecto. Para esse efeito, o Mutuário                 6.03. ENDEREÇO DA ASSOCIAÇÃO:
                  deve executar o projecto consoante o estabelecido no Acordo
                  de Crédito Subsidiário e o Artigo V das Condições Gerais.                    International Development Association
1 521000 002089




                    1.02. Sem prejuízo das disposições, e excepto quando                       1818 H Street, N.W.
                  o Mutuário e o Banco acordem de forma contrária à                            Washington, D.C. 20433
                  Secção 3.01 deste Acordo, o Mutuário deve garantir que
                  o Projecto seja executado para os fins consignados nas                        United States of America
                  disposições do Anexo 2 deste Acordo.
                                                                                              cabo:                         Telex:                         Fax:
                                           Artigo IV
                                                                                              INDEVAS                       248423(MCI)                    1-202-477-6391
                                    Os Recursos do Banco
                                                                                               Washington, D.C.
                    4.01. Os Eventos de Suspensão Acessória, fundamen-
                  tam-se no seguinte, ou seja: Decreto-Lei do Mutuá-                      PELA REPÚBLICA DE CABO VERDE
                  rio Nº 37/82 com data de 17 de Abril de 1982 que esta-
                                                                                         Representante Autorizado, Cristina Duarte, Ministra
                  belece a ELECTRA, foi alterado, suspenso, revogado ou
                                                                                       das Finanças
                  anulado, de modo a afectar materialmente ou de forma
                  adversa, a capacidade da ELECTRA no desempenho de                      ASSOCIAÇÃO INTERNACIONAL DE DESENVOL-
                  qualquer das suas obrigações no âmbito do Projecto.                  VIMENTO
                    4.02. Em caso de Aceleração Adicional, deve-se basear                 Pelo:
                  no seguinte, ou seja: o citado no parágrafo (a) da Secção
                  4.01 deste Acordo ocorre e deve continuar por um período                Representante Autorizado, ilegível
                  de 60 dias, após a notificação do evento pelo Banco ao                                                       ANEXO 1
                  Mutuário.
                                                                                                               DESCRIÇÃO DO PROJECTO
                                           Artigo V
                                                                                         Os objectives do Projecto visam aumentar a produção
                                    Efectividade; Rescisão                             de energia nas Ilhas de São Vicente e Santiago e apoiar
                    5.01. As Condições Adicionais de efectividade são, a               a ELECTRA a reduzir as perdas na Ilha de Santiago.
                  saber:                                                                   O Projecto abarca duas áreas:
                       (a) O Acordo de Crédito Subsidiário foi executado
                                                                                         Parte A: Investimentos Prioritários em Energia
                            em nome do Mutuário e da ELECTRA.
                                                                                       e Água
                       (b) O Mutuário adoptou o Manual de Implementação
                                                                                               a) Extensão da Central Eléctrica de Palmarejo
                             do Projecto, de forma e substância satisfatórias
                                                                                                    na Praia (Ilha de Santiago), incluindo a
                             para o Banco.
                                                                                                    instalação de 2 (duas) unidades de produção
                       (c) O Mutuário adoptou e tornou pública a Resolução                          de energia de 10 MW, cada, a Fuel-Oil (HFO
                             da ARE.                                                                - heavy fuel oil).

                                  https://kiosk.incv.cv                                              CC1AAB49-32DB-4275-8988-3F4C12838534
Boletim Oficial da República de Cabo Verde
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Boletim Oficial da República de Cabo Verde

  • 1. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. Terça-feira, 24 de Abril de 2012 I Série Número 24 BOLETIM OFICIAL 1 521000 002089 ÍNDICE ASSEMBLEIA NACIONAL: Ordem do Dia: Da Sessão Plenária do dia 26 de Março de 2012 e seguintes. CONSELHO DE MINISTROS: Decreto nº 3/2012: Aprova o Acordo de Empréstimo entre o Governo da República de Cabo Verde e o Banco Internacional para a Reconstrução e Desenvolvimento. Resolução nº 21/2012: Classifica como património natural, histórico e cultural nacional o sítio de Pedra de Lume, Ilha do Sal. Resolução nº 22/2012: Cria uma Comissão para a implementação do IPv6 em Cabo Verde. Resolução nº 23/2012: Altera o n.º 3 do artigo 7.º da Resolução n.º 33/2008, de 29 de Setembro, alterada pela Resolução n.º 24/2011, de 4 de Julho (COMNAC). https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 2. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. 504 I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 ASSEMBLEIA NACIONAL Verde e o Banco Internacional para a Reconstrução e De- senvolvimento, cujo texto em língua inglesa e respectiva –––––– tradução em língua portuguesa, se encontram em anexo e fazem parte integrantes do presente diploma. Ordem do Dia Artigo 2º A Assembleia Nacional aprovou a Ordem do Dia abaixo indicada para a Sessão Plenária do dia 26 de Março de (Objecto) 2012 e seguintes: O empréstimo objecto do presente diploma, concedido I - Perguntas dos Deputados ao Governo pelo Banco Internacional para a Reconstrução e Desen- volvimento, no montante de € 40.200.000,00 (quarenta II - Aprovação de Propostas de Resolução milhões e duzentos mil euros), o que corresponde apro- ximadamente à quantia de ECV 4.432.653.000 (quatro - Proposta de resolução relativa à da Conta Geral bilhões, quatrocentos e trinta e dois milhões, seiscentos do Estado de 2008. e cinquenta e três mil escudos), destina-se a financiar o - Proposta de resolução relativa à da Conta Geral Projecto de Recuperação e Reforma do Sector da Energia do Estado de 2009. em Cabo Verde, conforme descrito no Anexo I do Acordo de Empréstimo. Gabinete do Presidente da Assembleia Nacional, aos 26 de Março de 2012. – O Presidente, Basílio Mosso Artigo 3º Ramos (Utilização dos fundos) ––––––o§o––––––– O Governo de Cabo Verde deve fazer o uso do crédito em estreita observância dos requisitos e condições previstas CONSELHO DE MINISTROS no Acordo de Empréstimo e exclusivamente no âmbito do Projecto de Recuperação e Reforma do Sector da Energia –––––– em Cabo Verde. Decreto nº 3/2012 Artigo 4º 1 521000 002089 de 24 de Abril (Prazo e Amortização) Nos termos do artigo 61o da Lei do Orçamento do 1. O mutuário deve reembolsar o montante principal do Estado para o ano económico de 2012, aprovado pela empréstimo no prazo global de 30 (trinta) anos a contar Lei no 10/VIII/2011, de 30 de Dezembro, foi autorizado o a partir de 60 (sessenta) dias após a data de entrada em Governo de Cabo Verde a proceder à contratação de novos vigor do Acordo de Empréstimo, sendo 5 (cinco) anos o empréstimos, no quadro do financiamento do Orçamento prazo de carência, e 25 (vinte e cinco) anos o prazo de do Estado. amortização. Neste quadro, com vista a financiar o Projecto de 2. O empréstimo deve ser amortizado em pagamentos Recuperação e Reforma do Sector da Energia em Cabo semestrais iguais e consecutivos, sempre às datas 01 de Verde, o Banco Internacional para a Reconstrução e Maio e 01 de Novembro, sendo o primeiro pagamento em Desenvolvimento decidiu conceder a Cabo Verde, um 01 de Maio de 2017. empréstimo para o efeito, nas condições previstas no Acordo de Empréstimo, anexo ao presente decreto. Artigo 5º O financiamento do referido Projecto tem como ob- (Taxa de Juros e Comissão) jectivos essenciais promover investimentos prioritários 1. A taxa de juros do Empréstimo deve ser reajustada em energia e água, visando o aumento da produção, semestralmente com base em uma taxa variável de re- nomeadamente nas Ilhas de Santiago e São Vicente; ferência (EURIBOR) acrescida de um spread fixado em impulsionar o Plano de Redução de Perdas da Electra; um vírgula zero cinco por cento (1,05%). além de apoiar a reforma administrativa da Empresa Nacional de Electricidade. 2. O mutuário deve pagar uma comissão de serviços de zero vírgula vinte e cinco por cento (0,25 %) sobre o Considerando a importância do referido Projecto para montante do empréstimo, devendo o valor inicial ser pago o desenvolvimento do sector energético em Cabo Verde, até 60 (sessenta) dias após a data de entrada em vigor o Governo reunido em Conselho de Ministros decide: do Acordo de Empréstimo. No uso da faculdade conferida pela alínea d) do nº 2 Artigo 6º do artigo 204º da Constituição da República, decretar o seguinte: (Poderes) Artigo 1º São conferidos ao Membro do Governo, responsável pela área das Finanças, com a faculdade de subdelegar, os (Aprovação) poderes necessários para representar o Governo de Cabo É aprovado o Acordo de Empréstimo assinado a 3 de Verde junto do Banco Internacional para a Reconstrução Fevereiro de 2012, entre o Governo da República de Cabo e Desenvolvimento. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 3. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 505 Artigo 8º 2.04. The interest payable by the Borrower for each (Entrada em vigor) Interest Period shall be at a rate equal to the Reference Rate1 for the Loan Currency plus the Fixed Spread; Este diploma entra em vigor no dia seguinte ao da provided, that upon a Conversion of all or any portion of sua publicação e o mencionado Acordo de Empréstimo the principal amount of the Loan, the interest payable produz os seus efeitos em conformidade com o que nele by the Borrower during the Conversion Period on such se estipula. amount shall be determined in accordance with the relevant provisions of Article IV of the General Condi- Visto e aprovado em Conselho de Ministros de tions. Notwithstanding the foregoing, if any amount of 19 de Abril de 2012. the Withdrawn Loan Balance remains unpaid when due José Maria Pereira Neves - Cristina Isabel Lopes da and such non-payment continues for a period of thirty Silva Monteiro Duarte days, then the interest payable by the Borrower shall instead be calculated as provided in Section 3.02 (e) of Publique-se. the General Conditions. O Primeiro-Ministro, José Maria Pereira Neves 2.05. The Payment Dates are May 1 and November 1 in each year. (RECOVERY AND REFORM OF THE ELECTRICITY SECTOR PROJECT) 2.06. The principal amount of the Loan shall be repaid BETWEEN REPUBLIC OF CAPE VERDE in accordance with the amortization schedule set forth AND INTERNATIONAL BANK FOR in Schedule 3 to this Agreement. RECONSTRUCTION AND DEVELOPMENT 2.07. (a) The Borrower may at any time request any of the following Conversions of the terms of the Loan in Dated february 3, 2012 order to facilitate prudent debt management: (i) a change Loan number 8115-CV of the Loan Currency of all or any portion of the principal amount of the Loan, withdrawn or unwithdrawn, to an Loan Agreement Approved Currency; (ii) a change of the interest rate basis applicable to all or any portion of the principal amount Agreement dated february 3, 2012, between RE- of the Loan withdrawn and outstanding from a Variable PUBLIC OF CAPE VERDE (“Borrower”) and INTER- 1 521000 002089 Rate to a Fixed Rate, or vice versa, or from a Variable NATIONAL BANK FOR RECONSTRUCTION AND Rate based on a Variable Spread to a Variable Rate DEVELOPMENT (“Bank”). The Borrower and the Bank based on a Fixed Spread; and (iii) the setting of limits on hereby agree as follows: the Variable Rate applicable to all or any portion of the Article I principal amount of the Loan withdrawn and outstanding by the establishment of an Interest Rate Cap or Interest General conditions; definitions Rate Collar on the Variable Rate. 1.01. The General Conditions (as defined in the Ap- (b) Any conversion requested pursuant to paragraph pendix to this Agreement) constitute an integral part of (a) of this Section that is accepted by the this Agreement. Bank shall be considered a “Conversion”, as defined in the General Conditions, and shall 1.02. Unless the context requires otherwise, the capi- be effected in accordance with the provisions talized terms used in this Agreement have the meanings of Article IV of the General Conditions and of ascribed to them in the General Conditions or in the the Conversion Guidelines. Appendix to this Agreement. (c) Promptly following the Execution Date for an Article II Interest Rate Cap or Interest Rate Collar Loan for which the Borrower has requested that the premium be paid out of the proceeds of 2.01. The Bank agrees to lend to the Borrower, on the Loan, the Bank shall, on behalf of the the terms and conditions set forth or referred to in this Borrower, withdraw from the Loan Account Agreement, the amount of forty million two hundred and pay to itself the amounts required to pay thousand Euro (€40 200 000), as such amount may be any premium payable in accordance with converted from time to time through a Currency Conver- Section 4.05 (c) of the General Conditions up sion in accordance with the provisions of Section 2.07 of to the amount allocated from time to time this Agreement (“Loan”), to assist in financing the project for the purpose in the table in Section IV of described in Schedule 1 to this Agreement (“Project”). Schedule 2 to this Agreement. 2.02. The Borrower may withdraw the proceeds of the Article III Loan in accordance with Section IV of Schedule 2 to this Project Agreement. 1.01. The Borrower declares its commitment to the 2.03. The Front-end Fee payable by the Borrower shall objectives of the Project. To this end, the Borrower shall be equal to one quarter of one percent (0.25%) of the Loan 1 Where the initial loan currency is a currency other than USD, JPY or Euro, amount. The Borrower shall pay the Front-end Fee not an additional definition of ‘Reference Rate’ and ‘Reference Rate Reset Date’ will be required in Section I of the Appendix. Please consult with LEGFI for the later than 60 days after the Effective Date. appropriate definitions. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 4. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. 506 I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 carry out the Project and cause the Project to be carried 6.03. The Association’s Address is: out in accordance with the provisions of the Subsidiary Loan Agreement and Article V of the General Conditions. International Development Association 1.02. Without limitation upon the provisions of Sec- 1818 H Street, N.W. tion 3.01 of this Agreement, and except as the Borrower and the Bank shall otherwise agree, the Borrower shall Washington, D.C. 20433 ensure that the Project is carried out in accordance with United States of America the provisions of Schedule 2 to this Agreement. Article IV Cable address: Telex: Facsimile: Remedies of the bank INDEVAS 248423(MCI) 1-202-477-6391 4.01. The Additional Event of Suspension consists of Washington, D.C. the following, namely that the Borrower’s Decree-law Nr, 37/82 dated April 17, 1982 establishing ELECTRA REPUBLIC OF CAPE VERDE has been amended, suspended, abrogated, repealed or By waived so as to affect materially and adversely the abil- ity of ELECTRA to perform any of its obligations under Authorized Representative, Cristina Duarte the Project. INTERNATIONAL DEVELOPMENT ASSOCIATION 4.02. The Additional Events of Acceleration consists of the following, namely, that the event specified in By paragraph (a) of Section 4.01 of this Agreement occurs and is continuing for a period of 60 days after notice of Authorized Representative the event has been given by the Bank to the Borrower. SCHEDULE 1 Article V Project Description Effectiveness; termination The objectives of the Project are to increase electricity 5.01. The Additional Conditions of Effectiveness consist generation in the Islands of Sao Vicente and Santiago 1 521000 002089 of the following: and to assist ELECTRA to reduce electricity losses in (a) The Subsidiary Loan Agreement has been the Island of Santiago. executed on behalf of the Borrower and The Project consists of the following parts: ELECTRA. (b) The Project Implementation Manual shall have Part A: Priority Investments in Electricity and Water been adopted by the Borrower in a manner a) Extension of Palmarejo Power Plant in Praia satisfactory to the Bank. (Island of Santiago), including through the (c) The Borrower has adopted and made public the installation of two 10MW heavy fuel oil ARE Resolution. (HFO) fired unit(s) of electricity generation. 5.02. The Additional Legal Matter consists of the fol- b) Extension of Lazareto Power Plant in Mindelo lowing, namely that the Subsidiary Loan Agreement has (Island of Sao Vicente), including through the been duly authorized or ratified by the Borrower and installation of one 5.5MW HFO fired unit(s) ELECTRA and is legally binding upon the Borrower and of electricity generation. ELECTRA in accordance with its terms. c) Provision of additional water storage capacity 5.03. The Effectiveness Deadline is the date ninety (90) in Palmarejo, including through the days after the date of this Agreement. construction and installation of two water Article VI storage tanks and related interconnecting Representative; addresses pipes at Palmarejo Power Plant. 6.01. The Recipient’s Representative is its minister Part B: Support for ELECTRA’s Loss Reduction Plan responsible for finance and planning. a) Improvement of ELECTRA’s ability to measure 6.02. The Recipient’s Address is: energy balances at different levels of electricity transmission and distribution Ministry of Finance and Planning chain, including through the provision of Avenida Amilcar Cabral- CP 30 metering equipment. Praia b) Provision of support for reducing electricity Cabo Verde distribution losses by preventing meter and metering installation tampering, including Cable: Telex: Facsimile: through the provision and installation of metering technology. COORDENACAO 608 MCECV 238) 261 38 97 https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 5. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 507 c) Provision of support to ensure proper management (vii) developing and maintaining a system and optimization of the remote metering of monitoring the Project key performance capabilities installed in the existing system, indicators; (viii) ensuring coordination among through the design and implementation of an agencies involved in Project implementation, automatic metering management system. as needed. Part C: Support for ELECTRA’s Reform and Sector (c) Without limitation to the provisions of Governance paragraph (a) above, the PIU shall be headed by a Project manager, who shall be assisted a) Provision of support for the electricity sector’ by a team comprised of, inter alia, (i) a reform and reorganization of ELECTRA, Project accountant; (ii) a procurement officer; including through the provision of technical (iii) a monitoring and evaluation officer; (iv) assistance to complete the design and supervisory engineering specialists (owners’ implement key reform steps in the electricity engineer) for ELECTRA; (v) a financial and water sectors. auditor; (vi) a communication specialist; and (vii) a monitoring and evaluation specialist. b) Provision of support for monitoring the Performance Management Contract, B. Subsidiary Loan Agreement including through the provision of technical assistance. 1. To facilitate the carrying out of Parts A and B of the Project, the Borrower, through its Ministry of Finance Part D: Project Implementation, Communication and and Planning, shall enter into a subsidiary loan agree- Monitoring and Evaluation ment with ELECTRA under terms and conditions sat- isfactory to the Bank (the Subsidiary Loan Agreement), a) Provision of support to the PIU for effective which shall include, inter alia: implementation and supervision of the Project, including through the provision of (a) Operational technical assistance, training, audits and design and carrying out of a communication (i) ELECTRA shall be responsible for: (A) campaign to disseminate ELECTRA’s reform. providing technical expert advice in the 1 521000 002089 preparation of bidding documents and bid b) Provision of support to ELECTRA for effective evaluation in respect of activities under Parts supervision of the Parts A and B of the A and B of the Project; (B) carrying out and Project, including through the provision of monitoring the activities under Parts A and B technical assistance. of the Project; (C) preparing and providing data to the PIU for the monitoring and evaluation SCHEDULE 2 of results and outcomes of the Project; (D) Project Execution assist in the implementation of Part C(b) of the Project in respect of Project indicators Section I. Implementation Arrangements reflected in the Performance Management Contract; (E) ensure that Parts A and B of the A. Institutional Arrangements. Project are carried out in accordance with the 1. Project Implementation Unit (PIU) Safeguard Documents; and (F) prepare and provide to the Borrower its audited Financial (a) The Recipient shall maintain the PIU Statements; and throughout the implementation of the Project, with functions and resources satisfactory to (ii) the Borrower shall procure, contract and the Bank. pay for the infrastructure and equipment specified in Parts A and B of the Project and (b) Without limitation to the provisions of paragraph the installation and operation which shall be (a) above, the PIUs shall have responsibility carried out by ELECTRA; and for the day-to-day coordination and management of the Project, including overall (b) Financial Terms responsibility for, inter alia: (i) ensuring timely The amount and interests corresponding to the cost implementation of the Project in accordance of the assets mentioned under (a)(ii) immediately above with the PIM; (ii) preparing Annual Work and financed from the Loan shall be paid by ELECTRA to Plans and Budgets and annual Procurement the Ministry of Finance and Planning in Escudos under Plans; (iii) overseeing Project activities under the same terms and conditions provided in Article II of its direct responsibility and of those under this Agreement. and not exceeding the periods indicated the responsibility of other agencies involved in the amortization table reflected in Schedule 3 to this in Project implementation; (iv) managing Agreement. Project finances; (v) maintaining consolidated Project accounts; (vi) ensuring adherence (c) The Borrower shall exercise its rights and carry to the Safeguard Documents of all agencies out its obligations under the Subsidiary Loan involved in the implementation of the Project; Agreement in such manner as to protect https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 6. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. 508 I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 the interests of the Borrower and the Bank Section II. Project Monitoring Reporting and and to accomplish the purposes of the Loan. Evaluation Except as the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate A. Project Reports or waive the Subsidiary Loan Agreement or 1. The Borrower shall monitor and evaluate the progress any of its provisions. of the Project and prepare C. Implementation Arrangements Project Reports in accordance with the provisions of 1. Project Implementation Manual (PIM) Section 5.08 of the General Conditions and on the basis of indicators acceptable to the Bank. Each Project Report (a) The Borrower shall carry out the Project, and shall cover the period of one calendar semester, and shall cause it to be carried out, in accordance be furnished to the Bank not later than forty five days with the Project Implementation Manual, after the end of the period covered by such report. provided, however, that, in the event of any conflict between the provisions of the PIM B. Financial Management, Financial Reports and those of this Agreement, this Agreement and Audits shall prevail. 1. The Borrower shall maintain or cause to be main- (b) Except as the Bank shall otherwise agree, tained a financial management system in accordance the Borrower shall not amend or waive any with the provisions of Section 5.09 of the General Con- provision of the PIM. ditions. 2. Annual Work Plans and Budgets 2. Without limitation on the provisions of Part A of this Section, the Borrower shall prepare and furnish to the The Borrower shall prepare and adopt, not later than Bank not later than forty five days after the end of each November 30 of each FiscalYear during the implementa- calendar quarter, interim unaudited financial reports for tion of the Project, or such later date as the Bank may the Project covering the quarter, in form and substance agree, an annual work plan and budget (“Annual Work satisfactory to the Bank. Plan and Budget”), in form and substance satisfactory 1 521000 002089 3. The Borrower shall have its Financial Statements to the Bank, containing a description of all activities audited in accordance with the provisions of Section 5.09 (and associated budgeted costs) to be carried out in the (b) of the General Conditions. Each audit of the Financial following Fiscal Year, except that for the first year of Statements shall cover the period of one fiscal year of the implementation of the Project, it will cover the period Borrower, including the Financial Statements for ELEC- from Effective Date through December 31 2012. TRA, commencing with the fiscal year in which the first C. Anti-Corruption withdrawal was made under the Preparation Advance for the Project. The audited Financial Statements for The Borrower shall ensure that the Project is car- each such period shall be furnished to the Bank not later ried out in accordance with the provisions of the Anti- than six months after the end of such period. Corruption Guidelines. Section III. Procurement D. Safeguards A. General 1. The Borrower shall ensure that, throughout the implementation of the Project, the Project shall be imple- 1. Goods, Works and Non-consulting Services. All mented in accordance with the guidelines, procedures, goods, works and non-consulting services required for the timetables and other specifications set forth in the Safe- Project and to be financed out of the proceeds of the Loan guard Documents. shall be procured in accordance with the requirements set forth or referred to in Section I of the Procurement 2. Without limitation upon its other reporting obliga- Guidelines, and with the provisions of this Section. tions under this Agreement, the Borrower shall regularly collect, compile and submit to the Bank, in accordance 2. Consultants’ Services. All consultants’ services with Section II of this Schedule 2 to this Agreement, required for the Project and to be financed out of the reports on the status of compliance with the Safeguard proceeds of the Loan shall be procured in accordance with Documents, giving details of: the requirements set forth or referred to in Sections I and IV of the Consultant Guidelines and with the provisions (a) measures taken in furtherance of the Safeguard of this Section. Documents; 3. Definitions. The capitalized terms used below in (b) conditions, if any, which interfere or threaten to this Section to describe particular procurement methods interfere with the smooth implementation of or methods of review by the Bank of particular contracts the Safeguard Documents; and refer to the corresponding method described in Sections II and III of the Procurement Guidelines, or Sections II, (c) remedial measures taken or required to be III, IV and V of the Consultant Guidelines, as the case taken to address such conditions. may be. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 7. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 509 B. Particular Methods of Procurement of Goods, D. Review by the Bank of Procurement Decisions Works and Non-consulting Services The Procurement Plan shall set forth those contracts 1. International and National Competitive Bid- which shall be subject to the World Bank’s Prior Review. ding. Except as otherwise provided in paragraph 2 All other contracts shall be subject to Post Review by the below, goods, works and non-consulting services shall World Bank. be procured under contracts awarded on the basis of International Competitive Bidding. Section IV. Withdrawal of Loan Proceeds 2. The contracts procured under International Com- A. General petitive Bidding for Parts A(a) and (b) of the Project, shall 1. The Borrower may withdraw the proceeds of the be subject to the prequalification procedures set forth in Loan in accordance with the provisions of Article II of paragraph 2.9 and 2.10 of the Procurement Guidelines the General Conditions, this Section, and such additional 3. Other Methods of Procurement of Goods, instructions as the Bank may specify by notice to the Works and Non-consulting Services. The following Borrower (including the “World Bank Disbursement table specifies the methods of procurement, other than Guidelines for Projects” dated May 2006, as revised from International Competitive Bidding, which may be used time to time by the Bank and as made applicable to this for goods, works and non-consulting services. Agreement pursuant to such instructions), to (a) repay the Preparation Advance in accordance with Section 2.07 Procurement Method (a) of the General Conditions; (b) finance the Front-end (a) National Competitive Bidding Fee in accordance with Section 2.07 (b) of the General (b) Shopping Conditions; and (c) finance Eligible Expenditures as set (c) Direct Contracting forth in the table under paragraph 2. (d) Limited International Bidding 2. The following table specifies the categories of Eligible 4. Additional Procedures for National Competitive Bid- Expenditures that may be financed out of the proceeds ding (NCB). National Competitive Bidding may be used. of the Loan (“Category”), the allocation of the amounts In the absence of national standard bidding documents of the Loan to each Category, and the percentage of acceptable to the Bank, the Bank’s standard bidding expenditures to be financed for Eligible Expenditures documents will be used. The following special require- 1 521000 002089 in each Category. ments will also be taken into account: (i) in addition to the advertisement of the General Procurement Notice (GPN) Amount of the Percentage of in the United Nations Development Business(UNDB), Loan Allocated Expenditures Category bids will be advertised in national newspapers with wide to be Financed (expressed in Euro) including taxes circulation and a sufficient time will be allowed to bidders (1) Goods 4 200 000 100% for bid submission, e.g. four weeks; (ii) bid evaluation and (2) Works and Non-Con- bidder qualifications criteria will be clearly specified in sulting Services 31 950 000 100% the bidding documents, including for alternative bids; (3) (i) Consultants’ Ser- (iii) no preference margin will be granted to domestic vices (including audits); 2 200 000 100% bidders; (iv) eligible firms, including foreign firms, will and (ii) Training not be excluded from the competition; and (v) for small Amount payable contracts, the procedures will require that a competitive (4) Refund of Preparation pursuant to Sec- 400 000 method be used Advance tion 2.07(a) of the General Conditions C. Particular Methods of Procurement of Con- (5) Unallocated 1 450 000 sultants’ Services TOTAL AMOUNT 40 200 000 1. Quality- and Cost-based Selection. Except as B. Withdrawal Conditions; Withdrawal Period otherwise provided in paragraph 2 below, consultants’ services shall be procured under contracts awarded on 1. Notwithstanding the provisions of Part A of this the basis of Quality and Cost-based Selection. Section, no withdrawal shall be made: 2. Other Methods of Procurement of Consultants’ (a) from the Loan Account (other than to repay Services. The following table specifies the methods of the Preparation Advance) until the Bank has procurement, other than Quality and Cost-based Selec- received payment in full of the Front-end Fee; tion, which may be used for consultants’ services. The or Procurement Plan shall specify the circumstances under which such methods may be used: (b) for payments made prior to the date of this Agreement; except that withdrawals up to an Procurement Method aggregate amount not to exceed Euro 200 000 (a) Selection Based on Consultants’ Qualifications (Euro Two Hundred Thousand) _ equivalent (b) Least-Cost Selection may be made for payments made prior to this date but on or after December 1, 2011 for (c) Single Source Selection Eligible Expenditures under Category (3(i) (d) Individual Consultants (e) Selection based on a Fixed Budget 2. The Closing Date is September 30, 2016. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 8. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. 510 I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 Section V. Other Undertakings 2. If the proceeds of the Loan have not been fully withdrawn as of the first Principal Payment Date, the A. The Borrower shall: principal amount of the Loan repayable by the Borrower (i) ensure that by no later than 30 days from on each Principal Payment Date shall be determined as the Effective Date, ELECTRA shall have follows: hired an environmental and social specialist under terms of reference, qualifications and (a) To the extent that any proceeds of the Loan experience satisfactory to the Bank who shall have been withdrawn as of the first Principal be kept in the position throughout Project Payment Date, the Borrower shall repay the implementation; Withdrawn Loan Balance as of such date in accordance with paragraph 1 of this Schedule. (ii) by no later than 120 days after the Effective Date, have appointed an external financial (b) Any amount withdrawn after the first Principal auditor for the Project under terms of Payment Date shall be repaid on each reference and qualifications and experience Principal Payment Date falling after the date satisfactory to the Bank; of such withdrawal in amounts determined by the Bank by multiplying the amount of each (iii) ensure that electricity tariff levels are such withdrawal by a fraction, the numerator adjusted every four (4) months according of which is the original Installment Share to the fuel factor adjustment methodology specified in the table in paragraph 1 of included in the regulatory formula provided this Schedule for said Principal Payment in the ARE Regulation or else compensate Date (“Original Installment Share”) and ELECTRA for loss of revenue caused by the denominator of which is the sum of all insufficient or late tariff adjustments; and remaining Original Installment Shares for (iv) beginning in the second semester of 2013 and Principal Payment Dates falling on or after by no later than November 30 of each Fiscal such date, such amounts repayable to be Year thereafter inform the Bank the estimates adjusted, as necessary, to deduct any amounts of ELECTRA yearly financial results for the referred to in paragraph 4 of this Schedule, to current Fiscal Year and the forecasted budget which a Currency Conversion applies. for the following Fiscal Year. Should such 1 521000 002089 forecast indicate that ELECTRA would not 3. (a) Amounts of the Loan withdrawn within two achieve an interest coverage ratio (EBIT/ Net calendar months prior to any Principal Payment Date Interest Costs) of at least 1.5 for the following shall, for the purposes solely of calculating the principal Fiscal Year, the Borrower shall ensure that amounts payable on any Principal Payment Date, be ELECTRA will achieve such interest coverage treated as withdrawn and outstanding on the second rate by taking the following measures: (i) Principal Payment Date following the date of withdrawal deferring principal and interest repayments and shall be repayable on each Principal Payment Date on the on-lent financial debt, and/or (ii) take commencing with the second Principal Payment Date alternative corrective measures to support following the date of withdrawal. ELECTRA and inform the Bank accordingly (b) Notwithstanding the provisions of sub- thereafter. paragraph (a) of this paragraph, if at any SCHEDULE 3 time the Bank adopts a due date billing system under which invoices are issued on or Amortization Schedule after the respective Principal Payment Date, 1. The following table sets forth the Principal Pay- the provisions of such sub-paragraph shall no ment Dates of the Loan and the percentage of the total longer apply to any withdrawals made after principal amount of the Loan payable on each Principal the adoption of such billing system. Payment Date (“Installment Share”). If the proceeds of the Loan have been fully withdrawn as of the first Prin- 4. Notwithstanding the provisions of paragraphs 1 cipal Payment Date, the principal amount of the Loan and 2 of this Schedule, upon a Currency Conversion of repayable by the Borrower on each Principal Payment all or any portion of the Withdrawn Loan Balance to Date shall be determined by the Bank by multiplying: an Approved Currency, the amount so converted in the (a) Withdrawn Loan Balance as of the first Principal Approved Currency that is repayable on any Principal Payment Date; by (b) the Installment Share for each Payment Date occurring during the Conversion Period, Principal Payment Date, such repayable amount to be shall be determined by the Bank by multiplying such adjusted, as necessary, to deduct any amounts referred amount in its currency of denomination immediately to in paragraph 4 of this Schedule, to which a Currency prior to the Conversion by either: (i) the exchange rate Conversion applies. that reflects the amounts of principal in the Approved Currency payable by the Bank under the Currency Hedge Principal Payment Date Installment Share Transaction relating to the Conversion; or (ii) if the Bank (Expressed as a so determines in accordance with the Conversion Guide- Percentage) lines, the exchange rate component of the Screen Rate. On each May 1 and November 1 Beginning May 1, 2017 2% 5. If the Withdrawn Loan Balance is denominated through November 1, 2041 in more than one Loan Currency, the provisions of this https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 9. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 511 Schedule shall apply separately to the amount denomi- social impact associated with activities to be implemented nated in each Loan Currency, so as to produce a separate under the Project, and the measures to be taken to offset, amortization schedule for each such amount. reduce, or mitigate such adverse impact. APPENDIX 13. “Environmental and Social Management Plan” or “ESMP” means the plan disclosed in Cape Verde on Section I. Definitions October 31, 2011 and in the World Bank’s Infoshop on November 3, 2011, approved by the World Bank for the 1. “Annual Work Plan and Budget” means the plan Project, prepared by the Borrower, if as required by the referred to in paragraph B.2 of Section I of Schedule 2 ESMF, proposing appropriate mitigation, monitoring and to this Agreement. institutional measures designed to mitigate potential 2. “Anti-Corruption Guidelines” means the “Guidelines adverse environmental and resettlement impacts, offset on Preventing and Combating Fraud and Corruption in them, reduce them to acceptable levels or enhance posi- Projects Financed by IBRD Loans and IDA Credits and tive impacts, as the same may be amended from time to Grants”, dated October 15, 2006 and revised in January time with the agreement of the World Bank. 2011. 14. “Fiscal Year” means the Borrower’s fiscal year from 3. “ARE” means Agencia de Regulacao Economica, the January 1 to December 31. Borrower’s Economic Regulation Agency. 15. “General Conditions” means the “International 4. “ARE Resolution” means the directive issued by Bank for Reconstruction and Development General ARE adopting the formulas for energy tariffs and their Conditions for Loans”, dated July 31, 2010.. modalities of application for the period of 5 years from the 16. “MW” means megawatt. Effective Date and providing for such tariffs modification every subsequent 5 years. 17. “Performance Management Contract” means the contract entered into by ELECTRA and the Borrower, 5. “Category” means a category set forth in the table through its Ministry of Finance and Planning and its in Section IV of Schedule 2 to this Agreement. Ministry of Tourism, Industry and Energy on October 14, 2011 for the purpose of establishing roles, responsibilities 6. “Consultant Guidelines” means the “Guidelines: and obligations of the parties regarding the performance 1 521000 002089 Selection and Employment of Consultants under IBRD of ELECTRA and the support the Borrower will provide Loans and IDA Credits and Grants by World Bank Bor- to make possible the achievement of the performance rowers” dated January 2011. objectives. 7. “Escudos” means the currency of the Borrower. 18. “Preparation Advance” means the advance referred to in Section 2.07 (a) of the General Conditions, granted 8. “DGE” means Directorate General for Energy by the Bank to the Borrower pursuant to the letter agree- established under the Borrower’s Ministry of Tourism, ment signed on behalf of the Bank on January 6, 2010 Industry and Energy. and on behalf of the Borrower on January 15, 2010. 9. “Displaced Persons” means persons who, on account 19. “Procurement Guidelines” means the “Guidelines: of an involuntary taking of land under the Project, had Procurement of Goods, Works and Non-consulting Ser- or would have their: (a) standard of living adversely af- vices under IBRD Loans and IDA Credits and Grants by fected; or (b) right, title or interest in any house, land World Bank Borrowers” dated January 2011. (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, 20. “Procurement Plan” means the Borrower’s pro- temporarily or permanently; or (c) access to productive curement plan for the Project, dated November 7, 2011 assets adversely affected, temporarily or permanently; and referred to in paragraph 1.18 of the Procurement or (d) business, occupation, work or place of residence or Guidelines and paragraph 1.25 of the Consultant Guide- habitat adversely affected, temporarily or permanently; lines, as the same shall be updated from time to time in and “Displaced Person” means any of the Displaced accordance with the provisions of said paragraphs. Person. 21. “Project Implementation Manual” or “PIM” means a 10. “EBIT” means earnings before interest and taxes. manual, in form and substance acceptable to the Bank, to be adopted by the Borrower for the Project, containing de- 11. “ELECTRA” means “Empresa de Electricidad e tailed guidelines and procedures for the implementation Agua”, the Borrower’s entity for electricity and water of the Project, in the areas of monitoring and evaluation, established pursuant to the Borrower’s decree-law Nr. procurement, coordination, social and environmental 37/82 dated April 17, 1982 as amended. safeguards, financial management, administrative and accounting procedures and such other administrative, 12. ““Environmental and Social Management Frame- financial, technical and organizational arrangements and work” or “ESMF” means the framework disclosed in Cape procedures as shall be required for the Project. Verde on May, 2010 and at the World Bank’s Infoshop on December 7, 2010 in form and substance satisfactory 22. “Project Implementing Unit” or “PIU” means each to the World Bank, setting out modalities to be followed of the implementing units referred to in Section I.A.1 of in assessing the potential adverse environmental and Schedule 2 to this Agreement. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 10. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. 512 I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 23. “Resettlement Action Plan” or “RAP” means the 1.0.2. Ressalvadas as disposições em contrário, os ter- Recipient’s document prepared and disclosed in accor- mos em letras maiúsculas empregues no presente Acor- dance with the Resettlement Policy Framework with do, têm o significado que lhes é atribuído nas Condições respect to the Project, which, inter alia, (i) contains a Gerais ou no Anexo ao presente Acordo. census survey of Displaced Persons and valuation of as- Artigo II sets, (ii) describes compensation and other resettlement assistance to be provided, consultation to be conducted O empréstimo with Displaced Persons about acceptable alternatives, institutional responsibilities for the implementation and 2.01. O Banco compromete-se a conceder ao Mutuário, procedures for grievance redress, and arrangements for um Crédito no montante de quarenta milhões e duzentos monitoring and evaluation, and (iii) contains a timetable mil Euros (€40 200 000), nos termos e condições estabe- and budget for the implementation of such measures. lecidos neste Acordo, valor convertível, se necessário, através da Conversão Monetária, como plasmado nas 24. “Resettlement Policy Framework” or “RPF” means disposições, Secção 2.07 deste Acordo de (“Empréstimo”), the Borrower’s document dated March 2010, containing destinado ao financiamento do Projecto descrito no Anexo guidelines, procedures, timetables and other specifica- 1 a este Acordo (“Projecto”). tions for the provision of compensation, rehabilitation and resettlement assistance to Displaced Persons, as 2.02. Ao Mutuário é autorizado o levantamento duma amended from time to time with the prior written con- parte do Empréstimo em conformidade com a Secção IV sent of the Bank. em Anexo 2 a este Acordo. 25. “Safeguard Documents” means collectively or in- 2.03. O Mutuário obriga-se ao pagamento de uma dividually the Environmental and Social Management comissão de serviços que será igual a uma taxa de um Framework, the Environmental and Social Impacts As- quarto de um por cento (0,25%) sobre o montante do sessment and the Resettlement Policy Framework, the Empréstimo. O Mutuário deve pagar o valor inicial, o Environmental and Social Management Plans and the mais tardar até 60 dias após a Data de entrada em vigor Resettlement Action Plans prepared in connection with do contrato. the Project, if any. 2.04. Os juros a pagar pelo Mutuário para cada Período 26. “Subsidiary Loan Agreement” means the agree- fixo é fixado a uma taxa igual à Taxa de Referência2 para 1 521000 002089 ment referred to in Section I.B of Schedule 2 to this a Moeda do Empréstimo acrescido ao Diferencial (spre- Agreement pursuant to which the Borrower’s and ELEC- ad) Fixo, desde que, após a Conversão total ou parcial TRA’s operational and financial obligations in respect of do montante principal do Empréstimo, os juros a pagar the implementation of Parts A and B of the Project are pelo Mutuário durante o período de Conversão sobre established. o dito montante seja fixado, em conformidade com as 27. “Training” means reasonable expenditures, based disposições patentes no Artigo IV - Condições Gerais. on an Annual Work Plan and Budget previously approved by the Bank (other than those for consultants’ services), Não obstante o acima exposto, caso um determinado incurred by the Borrower to finance transportation costs montante do Saldo do Empréstimo não tiver sido pago na and per diem of trainers and trainees, workshops, rental data de vencimento e o aludido período exceder trinta of training facilities and acquisition of training equip- dias, os juros a pagar pelo Mutuário devem ser calcula- ment and materials. dos à luz da Secção 3.02 (e) das Condições Gerais. EMPRÉSTIMO Nº ______-__ 2.05. As Datas de pagamento são fixadas em 1 de Maio e 1 de Novembro de cada ano. ACORDO DE EMPRÉSTIMO (PROJECTO DE RECUPERAÇÃO E REFORMA 2.0.6. O montante principal do Empréstimo deve ser DO SECTOR DE ENERGIA) ENTRE A restituído em consonância com o cronograma de Amor- REPÚBLICA DE CABO VERDE E O BANCO tização estabelecido em Anexo 3 a este Acordo. INTERNACIONAL PARA A RECONSTRUÇÃO E DESENVOLVIMENTO 2.07. (a) O Mutuário pode solicitar, a qualquer momento, qual- quer uma das seguintes Conversões das condições de Aos: 3 de Fevereiro, 2012 Empréstimo, a fim de garantir a gestão prudente da O ACORDO DE EMPRÉSTIMO dívida: (i) a mudança total ou parcial da Moeda do Empréstimo, retirado ou por sacar, para uma Moeda Acordo assinado aos 3 de Fevereiro, 2012, entre a RE- Aprovada; (ii) uma alteração da base da taxa de juros apli- PÚBLICA DE CABO VERDE (“o Mutuário”) e o BANCO cável a todo ou parte do valor principal do Empréstimo INTERNACIONAL PARA A RECONSTRUÇÃO E DE- sacado e em divida a partir de uma Taxa Variável para SENVOLVIMENTO (“o Banco”). O Mutuário e o Banco uma Taxa Fixa, ou vice-versa, ou a partir de uma Taxa abaixo designados acordam o seguinte: Variável baseada num Spread Variável para uma Taxa Artigo I Variável com base num Spread fixo, e (iii) a especificação As condições gerais - definições dos limites sobre a Taxa Variável aplicável ao montante 2 Para qualquer Moeda de Empréstimo que não seja o USD (dólar americano), 1.01. As condições Gerais (conforme definido no Anexo ao JPY (Yen japonês) ou o Euro, será necessária uma definição adicional de ‘Taxa de Referência’ e ‘Data de Reajuste da citada taxa na Secção I do Anexo. Vide presente Acordo) constituem parte integrante deste Acordo. LIBOR para a definição correcta. https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534
  • 11. Documento descarregado pelo utilizador Adilson (10.8.0.12) em 25-04-2012 14:44:05. © Todos os direitos reservados. A cópia ou distribuição não autorizada é proibida. I SÉRIE — NO 24 «B. O.» DA REPÚBLICA DE CABO VERDE — 24 DE ABRIL DE 2012 513 total ou parcial do principal do crédito sacado ou em 5.02. Todas as Questões Jurídicas devem ter a seguinte circulação, através da fixação da Taxa de juros máxima premissa; que o Acordo de Crédito Subsidiário tenha sido ou duma Taxa Mínima sobre a Taxa Variável. efectivamente autorizado ou ratificado pelo Mutuário e pela ELECTRA devendo ser juridicamente vinculativos (b) Qualquer conversão solicitada, nos termos com as obrigações do Mutuário e da ELECTRA, como do parágrafo (a) desta Secção e aceitável rezam as disposições. pelo Banco é considerada uma “Conversão”, como estipulado nas Condições Gerais, e 5.03. O Prazo para a Entrada em vigor é de noventa efectuada com base nas disposições do Artigo dias (90), após a data do presente Acordo. IV das Condições gerais e das Directivas de Artigo VI Conversão. Representantes; Endereços (c) Logo após a Data de Execução, tratando-se duma Taxa de juros Máxima ou Mínima para o qual 6.01. O Representante do Mutuário é a Sra. Ministra o Mutuário tenha solicitado que o prémio seja das Finanças e Planeamento. pago com os recursos do Empréstimo, o Banco, 6.02. Endereço do mutuário: em nome do Mutuário, deve retirar a partir da conta do Empréstimo e pagar a si próprio, Ministério das Finanças e Planeamento o montante destinado ao prémio, segundo a Avenida Amílcar Cabral - CP 30 Secção 4.05 (c) das Condições Gerais, para o efeito, se necessário, na Tabela - Secção IV, no Praia Anexo 2 ao presente Acordo. Cabo Verde Artigo III O Projecto Cabo: Telex: Fax: 1.01. O Mutuário atesta o seu compromisso para com COORDENAÇÃO 608 MCECV (238) 261 38 97 os objectivos do Projecto. Para esse efeito, o Mutuário 6.03. ENDEREÇO DA ASSOCIAÇÃO: deve executar o projecto consoante o estabelecido no Acordo de Crédito Subsidiário e o Artigo V das Condições Gerais. International Development Association 1 521000 002089 1.02. Sem prejuízo das disposições, e excepto quando 1818 H Street, N.W. o Mutuário e o Banco acordem de forma contrária à Washington, D.C. 20433 Secção 3.01 deste Acordo, o Mutuário deve garantir que o Projecto seja executado para os fins consignados nas United States of America disposições do Anexo 2 deste Acordo. cabo: Telex: Fax: Artigo IV INDEVAS 248423(MCI) 1-202-477-6391 Os Recursos do Banco Washington, D.C. 4.01. Os Eventos de Suspensão Acessória, fundamen- tam-se no seguinte, ou seja: Decreto-Lei do Mutuá- PELA REPÚBLICA DE CABO VERDE rio Nº 37/82 com data de 17 de Abril de 1982 que esta- Representante Autorizado, Cristina Duarte, Ministra belece a ELECTRA, foi alterado, suspenso, revogado ou das Finanças anulado, de modo a afectar materialmente ou de forma adversa, a capacidade da ELECTRA no desempenho de ASSOCIAÇÃO INTERNACIONAL DE DESENVOL- qualquer das suas obrigações no âmbito do Projecto. VIMENTO 4.02. Em caso de Aceleração Adicional, deve-se basear Pelo: no seguinte, ou seja: o citado no parágrafo (a) da Secção 4.01 deste Acordo ocorre e deve continuar por um período Representante Autorizado, ilegível de 60 dias, após a notificação do evento pelo Banco ao ANEXO 1 Mutuário. DESCRIÇÃO DO PROJECTO Artigo V Os objectives do Projecto visam aumentar a produção Efectividade; Rescisão de energia nas Ilhas de São Vicente e Santiago e apoiar 5.01. As Condições Adicionais de efectividade são, a a ELECTRA a reduzir as perdas na Ilha de Santiago. saber: O Projecto abarca duas áreas: (a) O Acordo de Crédito Subsidiário foi executado Parte A: Investimentos Prioritários em Energia em nome do Mutuário e da ELECTRA. e Água (b) O Mutuário adoptou o Manual de Implementação a) Extensão da Central Eléctrica de Palmarejo do Projecto, de forma e substância satisfatórias na Praia (Ilha de Santiago), incluindo a para o Banco. instalação de 2 (duas) unidades de produção (c) O Mutuário adoptou e tornou pública a Resolução de energia de 10 MW, cada, a Fuel-Oil (HFO da ARE. - heavy fuel oil). https://kiosk.incv.cv CC1AAB49-32DB-4275-8988-3F4C12838534