2. DICK LEE WILL BE IN PEKING THIS WEEK AND HAS BEEN ASKED TO TELL THE CHINESE THAT CLP WOULD HAVE BETWEEN 100-600 MW OF POWER IMMEDIATELY AVAILABLE FOR KWANTUNG ACCORDING TO LOAD CONDITON IN HONG KONG AND THAT CLP ARE READY TO SEND A TEAM TO CANTON.
3. I SHALL REPORT THE OUTCOME OF CLP'S PRELIMINARY RESPONSE BUT YOU MAY LIKE TO KNOW THAT KADOORIE PLANS TO TALK IN TERMS OF COMPENSATORY DEALS BASED ON THE EXCHANGE OF ONE STANDARD TONNE OF
COAL FOR 278 THERMS OF POWER. HIS APPROACH STEMS FROM THE SUBMISSION IN SIR DEREK EZRA'S RECENT BOOK THAT THERE IS A CONSTANT RELATIONSHIP BETWEEN THE UNIT OF ELECTRICITY AND THE THERM WHEREBY 29.3 KWH EQUALS 1 THERM. THIS TO TOO TECHNICAL FOR ME BUT IT WILL CLEARLY FORM THE BASIS OF KADOORIES'S DISCUSSION OF COMPENSATORY TRADING WITH THE KWANGTUNG AUTHORITIES.
4. THE PRELIMINARY CONTACTS DO NOT REVEAL WHETHER THE CHINESE ARE MORE ATTRACTED BY THE PROSPECT OF BULK POWER TRANSFER FROM
SHUM CHUN TO SHEK LOONG OR BY THE PROPOSAL FOR A LOW VOLTAGE TRANSMISSION RURAL ELECTRIFICATION SCHEME. CLP ARE HOWEVER MAKING IT CLEAR THAT BULK TRANSFER ON ANY LARGE SCALE WOULD TAKE LONGER TO ARRANGE ESPECIALLY IF THE CHINESE REQUIRE IT DURING HONG KONG PEAK HOURS. HOWEVER THEY ARE KEEN TO PROCEED AND THIS CLEARL Y RAISES THE POSSIBILITY OF AN EARLIER ORDER FOR OUR UNITS 3 AND 4
OR FOR MORE GAS TURBINES.
MARCH
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