некі
349
INDS
OFFIC
CO HONG KONG
No
GPS 589
NO DISTRIBUTION
Y
ton Taken
X
12/
Mr Mp
13/12
TREDE HKCD
UNCLASSIFIED
COMMERCIAL IN CONFIDENCE
FM DTI 112053Z DEC 78
TO IMMEDIATE BTC HONG KONG
TELEGRAM NUMBER INDUS 323 OF 11 DECEMBER 1978
INFO IMMEDIATE PEKING
x-4
FED
K129
Sei (348
FOR MARCH FROM THORNTON
MIPT
TEXT OF DOI PRESS RELEASE NO 328 OF 12 DECEMBER IS:
POUNDS 130 MILLION HONG KONG TRANSMISSION SYSTEM ORDER
ALAN WILLIAMS ANNOUNCES NEW EXPORT ORDER
CHINA LIGHT AND POWER HAS ANNOUNCED IN HONG KONG TODAY THAT A CONTRACT WILL SHORTLY BE SIGNED WITH BALFOUR BEATTY LTD, A MEMBER OF THE BICC GROUP, FOR THEIR NEW 430 KV TRANSMISSION SYSTEM IN KOWLOON AND THE NEW TERRITORIES OF HONG KONG. THIS EXPORT ORDER IS MORTH APPROXIMATELY POUNDS 100 MILLION OVER THE NEXT EIGHT YEARS TO BALFOUR BEATTY AND VARIOUS U.K. SUB-CONTRACTORS INCLUDING BICC POWER
CABLES AND PARSONS PEEBLES.
THE GOVERNMENT EFFORT TO SECURE THE CONTRACT WAS CO-ORDINATED BY MR ALAN WILLIAMS, MINISTER OF STATE FOR INDUSTRY, AND NEGOTIATIONS WERE CONDUCTED IN HONG KONG WITH CLOSE COLLABORATION BETWEEN OFFICIALS OF THE DEPARTMENT, THEIR ADVISORS LAZARDS, THE BRITISH TRADE COMMISSION, EXPORT CREDITS GUARANTEE DEPARTMENT AND THE CONTRACTORS. WELCOMING THE ORDER MR WILLIAMS SAID TODAY:-
QUOTE I AM DELIGHTED THAT NEGOTIATIONS HAVE BEEN SUCCESSFULLY CON- CLUDED, AND THAT U.K. INDUSTRY HAS AGAIN BEEN ABLE TO SECURE VALUABLE BUSINESS IN THIS VERY IMPORTANT MARKET. THE ORDER WILL BRING SUBSTANTIAL WORK TO FACTORIES IN HEREFORD, ERITH, PRESCOT AND EDIN- BURGH, AND PROVIDES FURTHER EVIDENCE OF THE OF THE GAINS TO BE HAD FROM THE CLOSE INTEGRATION OF THE EFFORTS OF U.K. INDUSTRY, GOVERNMENT
AND THE CITY 13 QURGHT OG MAIOD. SYDAPT. EUSINESS.