E.8
E.9
E.10
E.11
(c) Fourth and Subsequent Years
- 13
Revenue Tax
58
Profit Tax
30%
Dividend Withholding Tax Import Tax
10%
Nil
GPC and CLP agreed that the profit margin of the NPC should be 25% of the total generation cost.
GPC and CLP agreed that the periods of Depreciation should be taken as 20 years nuclear power station. would be 20 Management Group.
Shareholders' Contract and after commissioning of the The period of the Electricity Supply Contract 25 years and would be further considered by the
-
the
GPC
The Project Management Company proposed by CLP was discussed. advised that they were agreeable to the proposal but suggested that
of the location
The company required further consideration. Equipment Subcommittee had considered the matter and had arrived at a similar arrangement. GPC and CLP agreed that the Project Management
should
would be controlled by GPC and CLP who Company
lead the
project.
GPC and CLP agreed that the total final draft of the Feasibility Report should be prepared by the end of October 1980.
F.
Meeting No. 6 held on 25th August, 1980 in Guangzhou.
F.1
F.2
used in the
in
economic model as
The economic/financial parameters depicted in the Economics Subcommittee (CLP) Progress Report dated 21st August, 1980
accepted were
the principle by Committee for use in the feasibility study.
Executive
The Management Group reported that the total expenditure incurred to-date by the Site Selection Subcommittee on site investigation was 501,000 Yuan RMB. The expenditure was endorsed by the Executive Committee.
(i.e.
GPC stated that the estimated expenditure on site investigation now totalled 665,000 Yuan RMB
15,000 Yuan RMB in excess of the Yuan RMB) due to the additional budgeted figure of 650,000
work required. GPC undertook to absorb the expenditure in excess of the
of 650,000 Yuan RMB. CLP budgeted sum
undertook to absorb the
expenditure in excess of the budgeted sum of 3000 Yuan RMB (or the equivalent in Hong Kong Dollars) for information to be obtained from, or, work to be carried out by, the Hong Kong Royal Observatory.