CONFIDENTIAL
DESKBY 241100Z
TM BTC HONG KONG 241005Z NOV 78
TO IMMEDIATE D.0.1
TELNO. INDUS 207 OF 24 NOVEMBER.
FOR VINCENT.
311
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Theyps
InQuanvin
√227/4
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313
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NOT ON DOI eqen.
YOUR INDUS 302: UNITS 3 AND 4.
HKR 164/1.0
RECEIVED IN RAGETRY HO. 51
FOLLOWING IS TEXT OF LETTER ADDRESSED TO LIFE INOB Y978ADOORIE FOLLOWING THIS MORNING'S KESCO BOARD MEETING BEGINST F
ARY
Action T
on
DEAR JOHN,
INJIX
No
29/1
1. AT A KESCO BOARD MEETING THIS MORNING, 24TH NOVEMBER, THE
KESCO BOARD GAVE FINAL CLEARANCE TO THE WORDING ON WHICH I THINK
WE ARE NOW AGREED FOR YOUR LETTER TO ME AND FOR THE ''LETTER OF INTENT'' FROM KESCO TO GEC WITH RESPECT TO CASTLE PEAK UNITS 3
AND 4.
2. IN ORDER TO ENSURE THAT THE 30TH NOVEMBER DEADLINE IS MET, WE
WILL FORWARD TO OUR SOLICITORS IN LONDON, DURRANT PIESSE, A SIGNED
COPY OF THE LETTER. DURRANT PIESSE HAS BEEN INSTRUCTED TO GIVE YOU OR YOUR REPRESENTATIVE THIS LETTER FOR OBTAINING GEC'S ACCEPTANCE SIGNATURE. DURRANT PIESSE WILL OBTAIN FROM YOU FOR FORWARDING TO KESCO THE LETTER YOU HAVE AGREED WILL PASS FROM YOU TO ME.
3. IT WOULD ALSO BE APPRECIATED IF YOU WOULD REQUEST GEC AND
SCHRODER WAGG TO SEND KESCO LETTERS, THE EFFECT OF WHICH WOULD EXTEND THE EFFECTIVE DATES OF THEIR RESPECTIVE OFFERS OF 19TH JUNE, 1978 TO MATCH THE VALIDITY DATE OF OUR LETTER.
4. I AM VERY PLEASED THAT IT HAS BEEN POSSIBLE TO EXTEND THE
E.C.G.D'S COMMITMENT OF COST ESCALATION COVER FOR UNITS 3
AND 4 BEYOND 30TH NOVEMBER, 1978.
VERY BEST REGARDS,
ENDS
SINCERELY, SIR LAWRENCE KADOORIE.
2. I HAVE INFORMED HAVELOCK IN SINGAPORE.