ATTACHMENT SIX
Synposis: Nuclear Power Station
Levelised Cost
(US¢/kWh)
Case 1
PWR 2x900 MW
Built in HK with HK conditions
Case 2
PWR 2x900 MW
Joint Venture with equity (60/40)
35% tax rate
Case 3
PWR 2x900 MW
Joint Venture with equity (60/40)
20% tax rate
Case 4
PWR 2x900 MW
PRC owned
по tax
Case S
Coal 3x660 MW
Built in HK with HK conditions
Case 6
Coal 3x660 .MW
Joint Venture with equity (60/40)
35% tax rate
12.10
13.10
12.01
11.47
21.15
22.12
Notes:
1.
1.
3.
4.
Case 4 (PRC Owned) having the lowest levelised cost of US¢11.47/kWh,' among six cases studied,
་
The higher cost in Case 2 (JV at 35% tax rate) as compared with Case 1 (PWR built in HK) is mainly due to higher tax rate used in Case 2.
Case 3 shows that in order to be competitive to Case 1's US¢12.10 (the HK conditions), JV's tax rate should be reduced to about 20%.
It has illustrated that nuclear cases, in terms of levelised cost, are significantly cheaper than coal (Cases 5 & 6) by about 45%.
dk:sl
5th July, 1980