No L 112/26 Official Journal of the European Communities 3. 5:90 COUNCIL DECISION of 23 April 1990 ameﬁding Decision 77/271/Euratom on the implementation of Decision 77/270/Euratom empowering the Commission to issue Euratom loans for the purpose of contributing to the financing of nuclear power stations (90/212/Euratom) - THE COUNCIL OF. THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Atomic Energy Community, Having regard to Council Decision 77/270/Euratom of 29 March - 1977 empowering the Commission to issue Euratom loans for the: purpose of contributing to the financing of nuclear power stations ('), and in particular Article 1 thereof, Having regard to the proposal from-the Commission, Whereas the total value of transactions effected has reached the figure of ECU 2 800 million, provided for in Decision 77/271/Euratom (3), as last amended by Decision 85/537/Buratom (%) ; Whereas nuclear energy accounts for a major part of the Community’s total energy supplies and considerable investment ought to be made-in this sector both at the production stage, in view of the safety and security requi- rements, and downstream of production, particularly with regard to the reprocessing and storage of waste ; Whereas experience indicated that it is desirable to raise, by ECU- 1 000 million, the total amount of -borrowings which the Commission is empowered to contract on behalf of the European Atomic Energy Community; Whereas Decision 77/271 should therefore be amended, HAS DECIDED AS FOLLOWS: Sole Article The Sole Article of Decision 77/271/Euratom shall be replaced by the following: Sole Article Loans as provided for in Article 1 of Decision 77/270/Euratom may be contracted for amounts the total principal of which shall not exceed the equiva- lent of ECU 4 000 million. When the total value of the transactions effected reaches ECU 3 800 million, the Commission shall inform the Council, which, acting unanimously on a proposal from the Commission, shall decide on the fixing of a new amount as soon as possible.’ Done at Luxembourg, 23 April '1990. For the Council The President A..REYNOLDS () OJ No L 88, 6. 4. 1977, p. 9. () O] No L 88, 6. 4. 1977, p. 11. () OJ No L 334, 12. 12. 1985, p. 23.