19
(a)
(b)
(c)
(a)
According to the investigation,
investment
be
90% of the total could be financed by loans. The remaining 10% should financed by GPC and HKNIC equity in a 6 to 4 ratio.
By comparing the costs of electricity of nuclear and coal-fired stations, it has been demonstrated that joint nuclear power generation in Guangdong would be more competitive coal-fired generation in Hong Kong.
than
Cash flow analyses show that GNPC will be able to obtain enough revenue in foreign currency through the sale of electricity to Hong Kong to meet the expenses in foreign currency such as loan
interest repayment,
and operating cost, thus maintaining a balance in foreign exchange.
The joint venture would not only supply large quantity of electricity but generate a reasonable profit to both parties.
3.4
3.4.1
Site Selection
Introduction
More
than ten nuclear station sites have been considered since October 1979. After a preliminary assessment, the three sites at Tun Yang, Dong Shan and Hu Tou Jiao were chosen for further investigation.
been Since April 1980, seismic, geological and other studies have carried out leading to the submission of the Site Selection Report (Part V).
The three sites are located along the coasts of Mirs Bay and Daya Bay,
north-east of Hong Kong and east of the Pearl River Delta. (Fig. 4 refers). The accummulated distribution of population around the sites by 1985 are estimated as follows:-
3.4.2
Distance from Site (km)
Site
-
0 1 0 5 0 10
0 20
0
40
0 -
50
Tun Yang Dong Shan
738 8,087 22,239 101,140 2,014,268 265 4,050 14,166 Hu Tou Jiao 170 3,629 11,126
36,796 72,651
335,688
5,961,420 3,702,203
301,081
517,973
Comparison of the Sites
The comparisons of the technical and economical aspects of the three sites are summarised in Table 1.
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