1.8.86 Official Journal of the European Communities No C 194/7 
Amendments to the proposal for a Council Regulation instituting a Community programme for 
the development of certain less-favoured regions of the Community by exploiting indigenous 
energy potential (VALOREN programme) (') 
COM(86) 433 final 
(Submitted by the Commission to the Council pursuant to the second paragraph of Article 149 of 
the EEC Treaty on 11 July 1986) 
(86/C 194/07) 
1. The 10 th recital shall be replaced by the following: 
'Whereas, in the regions qualifying for assistance 
under Council Regulation (EEC) No 2618/80 of 
7 October 1980 instituting a specific Community 
regional development measure contributing to 
improving security of energy supply in certain 
Community regions by way of improved use of new 
techniques for hydro-electric power and alternative 
energy sources (4) as amended by Regulation 
(EEC) No 218/84 (5), and under Council Regulation 
(EEC) No 2619/80 of 7 October 1980 instituting a 
specific Community regional development measure 
contributing to the improvement of the economic and 
social situation of the border areas of Ireland and 
Northern Ireland (6), as amended by Regulation 
(EEC) No 3637/85 (7), additional measures are 
required to augment and supplement the assistance 
available. 
(4) OJ No L 271, 15. 10. 1980, p. 23. 
O OJNoL27, 31. 1. 1984, p. 19. 
0) OJ No L 271, 15. 10. 1980, p. 28. 
O OJ No L 350, 27. 12. 1985, p. 6.' 4. The first indent of Article 4 (2) (a) shall be replaced 
by the following: 
'investment projects designed to reduce specific 
energy consumption, such as insulation, regulation, 
lagging, load balancing, and work connected with 
the rationalization of production processes/. 
5. The first indent in Article 4 (2) (b) shall be replaced 
by the following: 
'investment projects to secure efficient utilization of 
natural gas, combined heat and electricity 
generation, recovery of waste heat and the 
replacement of oil products by urban, agricultural 
and industrial waste, by lignite or peat and by agri­
culture and forestry by-products,'. 
6. The heading in Article 4 (3) (a) shall be replaced by 
the following: 
'survey and studies which particularly in the light of 
the results obtained by way of Community research, 
development and demonstration programmes in the 
energy field are aimed at:'. 
2. The 12th and final recital shall be replaced by the 
following: 
'Whereas Community assistance must be provided 
under multiannual programmes drawn up by the 
competent authorities of the Member States 
concerned; whereas the Commission, in approving 
the programmes, should establish that the measures 
planned are in keeping with this Regulation.' 
3. The first phrase in Article 4 (1) (a) shall be replaced 
by the following: 
'the following renewable energy sources: solar and 
wind energy, biomass, energy valorization of urban 
and industrial waste, small-scale hydro-power and 
geothermal energy.' 7. Article 6 (2) shall be replaced by the following: 
'The following shall be eligible for Fund assistance in 
respect of operations referred to in Article 5: public 
authorities, local and regional authorities, other 
bodies, businesses, cooperatives or individuals.' 
8. Article 6 (4) (a) shall be replaced by the following: 
'Aid granted under the Community programme shall 
not be combined with aid provided for elsewhere 
in the Fund Regulation or in Regulations (EEC) 
No 2618/80, as amended by Regulation (EEC) 
No 218/84, and (EEC) No 2619/80, as amended by 
Regulation (EEC) No 3637/85.' 
9. The following shall be added to Article 7: 
O OJ No L 147, 14. 6. 1986, p. 4. '— the drawing-up and implementation of the 
programme shall be closely coordinated with policies 
and financial instruments at national and 
No C 194/8 Official Journal of the European Communities 1. 8. 86 
Community levels, and in particular with the 
European Social Fund, the European Investment 
Bank and the New Community Instrument.' 
10. In the Annex, point 2 (b) (i) shall be replaced by the 
following: 
'forecasts for investment in alternative and renewable 
energies (solar and wind energy, biomass, energy 
valorization of urban and industrial waste, small-scale 
hydro-power and geothermal energy), location of 
projects, and information on their technical 
advancement and economic feasibility;'. 
11. In the Annex the phrase in the second set of brackets 
in point 2 (b) (vi) shall be deleted and the following, 
without brackets, added: 'in the latter case, the information must contain, in 
particular, an estimate of the new jobs and 
productive activities that will result from the 
measures provided for in the programme and of the 
planned technology transfers'. 
12. In the Annex the following shall be added to point 
4(d): 
'the description must be, accompanied by information 
regarding the national authorites' intentions as to the 
use of resources provided under the Community's 
other structural financial instruments;'. 
Proposal for a Council Regulation amending Regulation (EEC) No 1678/85 fixing the 
conversion rates to be applied in agriculture 
COM(86) 435 final 
(Submitted by the Commission to the Council on 14 July 1986) 
(86/C 194/08) 
THE COUNCIL OF THE EUROPEAN COMMUNITIES, 
Having regard to the Treaty establishing the European Economic Community, 
Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the 
unit of account and the conversion rates to be applied for the purposes of the common 
agricultural policy ('), and in particular Article 2 (3) thereof, 
Having regard to the proposal from the Commission, 
Having regard to the opinion of the European Parliament, 
Having regard to the opinion of the Monetary Committee. 
Whereas the representative rates currently applicable were fixed by Council Regulation (EEC) 
No 1678/85 (2), as last amended by Regulation (EEC) No . .. ./86; whereas a check has 
revealed an error in Annexes IV and X of the said Regulation in respect of products processed 
from agricultural products; whereas the Annexes in question should, therefore, be corrected, 
HAS ADOPTED THIS REGULATION: 
Article 1 
Annexes IV and X to Regulation (EEC) No 1678/85 are hereby replaced by the Annexes to 
this Regulation. 
Article 2 
This Regulation shall enter into force on the day of its publication in the Official Journal of the 
European Communities. 
This Regulation shall be binding in its entirety and directly applicable in all Member States. 
O OJ No L 164, 24. 6. 1985, p. 1. 
(2) OJ No L 164, 24. 6. 1985, p. 11.