Providing the Interim Guidelines on the Allocation and Availment of the Training Commitment Fund (TCF) and Development Assistance Fund (DAF) Sourced From Energy Service/Operating Contracts and Multi-Client Agreements
WHEREAS, Republic Act (RA) No. 7638, as amended, otherwise known as "The Department of Energy (DOE) Act of 1992", mandates the DOE to prepare, integrqte, coordinate, supervise and control all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution, and conservation;
WHEREAS, the DOE performs the above mandate through, among others, the issuance of energy service and/or operating contracts for the exploration, development and utilization of indigenous sources of energy, including petroleum, coal and renewable energy, to qualified contractors;