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4. Method of Joint Development
Sir Lawrence's comments and proposals on the method of joint development were given on pages 12, 14, 16 and 18 of the Agenda.
CLP stressed that the proposals were preliminary and were put forward for discussion.
4.1 Working Committee
Sir Lawrence's proposal to set up a Working Committee was discussed in detail.
The purpose of the Working Committee was to study all aspects of the joint development and prepare a feasibility study report to NEDAB (a new company to be formed for the joint development) for consideration.
Formation of the Working Committee was discussed. It was agreed that four working subcommittees should be set up under the Working Committee to look into the following aspects:
(i)
/
Method of joint development, management, institution and regulatory body of nuclear power, financial and economic analyses.
(ii)
Site investigation and selection.
(iii) Selection of nuclear reactors, turbogenerators and consultants.
(iv) Design, development and operation of power systems.
The feasibility study report to be submitted by the Working Committee should confirm (or otherwise) the following:
(i)
that the nuclear power station was required;
(ii)
(iii)
that the nuclear power station was viable (in terms of plant and fuel availability, construction feasibility, safety and finance);
that the project would be beneficial to both parties.
After completion, the feasibility study report would be submitted to the PRC Central Government and Hong Kong Government for approval.
(In China, approvals would be required from the State Planning Committee, Ministry of Foreign Trade, Environmental Protection Committee, Kwangtung Provincial Government and Bank of China.)
Representation in the Working Committee was discussed.
It was agreed
that the Working Committee should comprise representatives solely from CLP and KEC. Outside experts could be co-opted into the Working sub- committees if necessary.
The Working Committee would dissolve after submission of the feasibility study report to NEDAB. Its members, however, could be transferred to
the NEDAB Board.