Argentina - Electric Power Sector Project

Document Of The World Bank FOR OFFICIAL USE ONLY Regpt No. P-4904-AR MEMORANDUM AND RECnMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$252.0 mILLION TO THE GOVERNMENT OF THE ARGENTINE REPUBLIC FOR THE ELECTRIC POWER SECTOR PROJECT October 5, 1988 Ti document has a restricted disbution and may be used by recipients only In the perfomnce of their offldal dutie its contents may not otherwise be disclosed without World Dank autoizatn  CURRENCY EQUIVALENTS Currency Unit a Austral (A) Controlled Exchange Rate (*Commercial Rate') A1.00 0 US$0.0833 US$1.00 - A12.00 Free Market Exchange Rate ('Financial Rate*) A1.00 , US$0.0698 US$1.00 a A14.33 (Exchange rates as of September 22, 1988) MEASURES TOE : tons of oil equivalent MMTOE s million tons of oil equivalent ACRONYMS AyE Agua y Energia Electrica S.E. (federally-owned, nationwide electric utility and water supply agency) CmE Comision Nacional de Energia Atomica (National Nuclear Energy CoL