28. 8. 84 'Official Journal of the European Communities No L 230/25 (Acts whose publication is not obligatory) COMMISSION o COMMISSION DECISION of 27 June 1984 concerning the French Government’s intention to accord special exchange risk cover to French exporters in respect of a tender for the construction of a power station in Greece (Only the French text is authentic) (84/416/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular the first subparagraph of Article 93 (2) thereof, Having given notice in accordance with the above Article to the parties concerned to submit their comments and having regard to these comments, Whereas : * The Greek Public Power Corporation (PPC) issued a tender for the construction of tranche IV (supply and installation of one steam-generating unit and one steam-turbine generator unit for a steam electric station) of the Megalopolis power station. The submis- sion of the bids took place on 14 February 1984. As far as the Commission is aware, undertakings from at least three Member States — France, the Federal Republic of Germany and the United Kingdom — have bid for this contract. The tender calls for bids to be made in Greek drachmas with a price-revision formula provided for in the tender, the descriptions of which differ slightly. It appears that prices are to be calculated at the time of submission of contract. At the time of delivery, which is to be approximately four years later, the price will be adjusted in accordance with the price-revision clause, the basis of which appears to be the inflation rate of Greek drachmas. The new price then arrived at will be converted at the exchange rate valid at that date into the currency of the seller. The debt will then be the subject of a buyer credit. : Therefore, although the Greek inflation rate will be covered by the price-revision formula, the following risks remain for the seller: — the inflation rate of the currency in which his offer is calculated, and — the devaluation rate of the Greek drachma against the currency of the seller. In January 1984, Hermes Kredit Versicherungs-AG, acting as _agent for the German Government in export credit-insurance matters, was approached by a German bidder for the Magalopolis contract, requesting to be covered for the remaining exchange risk as, according to his information, his French competitors would receive such cover from the French Government. This was discussed in the Policy Coordination Group for Credit Insurance, Credit Guarantees and Financial Credits of the Council on 7 February 1984. The