ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (82)847
Vol.1982/0258

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InÜbereinstimmung mitderVerordnung (EWG, Euratom) Nr.354/83 desRates vom 1.
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KMaMtMûtiiaaiÉ
COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariaiCOMC82)847final
Brussels,20December1982
FOROFFICIAL USEONLY
COMMUNICATION FROMTHECOMMISSION TOTHECOUNCIL
RequestfortheunanimousassentoftheCouncilunderArticle54,"second
paragraph,oftheECSCTreatyforthefinancingoftheconstruction by
Charbonnages deFrance,ofa600MWcoal-firedgeneratingstationin
Carling(secondloan)
C0MC82)847final

Note tothe Counôil
Subject :Request fortheunanimous assent of „■theCouncil under
Article 54,second --paragraph ,of-theECSC Treaty forthe
financing ,oftheconstruction "byCharbonnages dePrance ,
ofa600MWcoal-fired generating station inCarling (second
loan ).
Loan requested :FF300million (+45«44 million ECU)
Borrower :Charbonnages deFrance ,Paris
Charbonnages dePrance isanational public corporation ofan'industrial
andcommercial character ,established under theFrench .Lawof1-7May 1946•
Ithaslegal personality andisresponsible for'themanagement ofthe
nationalized coal mines .Itisclosely controlled bytheFrench State ,
which underwrites it'slong-andmedium-term borrowings .
Description ofthe pro.ject tobefinanced :
Theproject hasalready been described indetail (cf.Doc,Wp/E/193/TS)•
The main features are asfollows :
Thegenerating station issituated intheheart oftheLorraine coalfield
andwas designed principally touse theby–products ofcoal which are
otherwise difficult tomarket ,.Its "construction was inany event necessary
becaus ;eoflocal demand forelectricity andtheobsolescence ofanumber
ofexisting production units .The effect onemployment wasalso taken into
consideration :continued coal mining would keep 1300 jobs open' .
Itshould benoted that the works have been carried out inaccordance
with .theoriginal plan and that theindustrial start –upoftheplant took
place .oiischedule inNovember 1981 .Some works ,however ,hadtobedelayed
soastorespect the construction schedule ofthegenerators themselves .
>
Work still under wayatpresent ,apart from thefinishing work notyet
completed ,includes associated works relating toadditional installations
forthetransport andreceipt ofdust products topower thegenerators .

-2-
Finance
l
Thevalue,ofthe.worksintheestimateprovidedToyCharbonnages deFrance
atthetimeofthefirstloanapplicationwasFF1518millionatmid-1978prices(cf.tablebeloitf).
Becauseofinflationandthelengtheningoftheconstructionperiod
expenditurehasalreadyreachedFF1579million,andtheestimatedcost
oftheremainingworksis.FF447million.Thisgivesafinaltotalforthe
projectofFF2016million.
197819791980 -1981198219831984and'T
be-yonâ
Valueat
1stJune1978160369546"310133'""1518
Valueat
currentprices 18734670625080160287 •2016
(FF)*
*estimatedforI983andbeyond. '
50<jofinancefromtheECSCwouldresultinatotalloa,nofapproximately
FF1000million. •
Afirstloanforthisproject,of^700million,wasgrantedin1977»and
thebalancetobringthetotalto1000million,i.e.FF300million,can-
nowbeconsideredasaresultofupdatingthecostoftheworks.
Assessment
TheCommissionexpressedafavourableopinionin1977onthepartial
financingofanewgeneratingstationattheHouilleres duBassindeLorraine,
Theprojectisnowbeingcarriedoutandthemaininstallations arealready
functioning.Thesecondloanapplicationrepresentsfurtherfinance
requirements whicharetheresultofinflationduringtheconstruction
period,andarethereforedirectlyrelatedtoaprojectwhichhasalready
beenpartiallyfinanced.TheprojectremainsconsonantwithCommunity
energypolicyguidelines ,sinceitcontributes -tomaintainingtheproduction
ofCommunitycoalinthelongtermatahigh,levelofproductivity and
ensuring'energy ,ou.ppli.esfromsourcesotherthanhydrocarbons .
TheCommissionthereforeconsidersthattheapplication meetsthe.conditions
laiddownfortheapplication ofArtiplc54»secondparagraphoftheECSC
Treaty."
•••

Conclusion :
Theconsiderations outlinedabovearguein>favourofapprovingtheloan
application ,sincetheinvestmentprogrammewillcontributedirectlyand
primarilytotheachievement oftheobjectivessetoutinArticle54».
secondparagraph,oftheECSCTreaty,
TheCommissionhasdecidedinprincipletogranttheloanasrequested.
InaccordancewithArticle54»secondparagraph,oftheECSCTreaty,the
CommissionthereforerequeststheassentoftheCounciltothegranting
ofaloanofFF300million(45-44millionECU)toCharbonnages de
France,Paris,
Observations :
Charbonnages de.FrancehasalreadyreceivedECSCloans;theoutstanding
balanceat30June1982stoodat220millionECU,