- 3
He pointed out that method (c) was ruled out by KEC. Whilst KEC was interested in both methods (a) and (b), Sir Lawrence not in favour of (a). Subsequent discussions and feasibility studies had therefore been based on, method (b), i.e. CLP to contribute towards the equity of the Joint Company.
was
5.
Mr. Stones requested KEC to consider, without commitment, what in if KEC was to aspects they would like CLP to be involved finance the whole project and CLP to purchase electricity from KEC. Mr.
Chen asked whether CLP was now more interested in method (a). Mr.
Stones responded that this was to explore other methods that would greater benefit KEC and CLP.
6.
Group.
Any
Mr. Chen stated that he felt that CLP was thinking of changing the approach, possibly because of disagreement on the economic calculations. He pointed out that the economic calculations and basic parameters used had not really been discussed by the Management
disagreement on the economic calculations and basic parameters should be discussed and debated by the Management Group. After all, the parameters used in the calculations were only assumptions at this stage which could be reconsidered and modified. He suggested that CLP, after working on it for six months, should not be thinking of going back because of the difficulties encountered.
7.
Mr. Stones reiterated that CLP was not changing its position but exploring other possible methods which could provide greater benefit to KEC and CLP.
8.
9.
Mr. Chen said that it was important to clarify our intentions because this would affect the method of working.
Mr. Stones stated CLP's views on the joint venture as follows:
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Cont'd
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