CONFIDENTIAL

за

ZCZC

па. Сиглой

MILNAN 0695 OCMIAN 0695

CONFIDENTIAL

OO PEKIN

FM INDUS TO PEKIN

061515Z MAR

GRS 321

NO DISTRIBUTIC

CONFIDENTIAL

FM DTI

селу

RECEIVED IN REGISTRY

IK Halall

ра

G.N.

12 MAR 1986

DESK OFFICER

WOEX

PA

REGISTRY

Action Taken

20695

1

PANA

Auß.

DT Ashdown the

TO IMMEDIATE PEKING

TELNO INDUS 57

OF 061515Z MARCH 86

INFO IMMEDIATE BTC HONG KONG, PARIS

FROM ALTY

GUANGDONG NUCLEAR PROJECT: YOUR INDUS 45

TRET

сон

128+2

1

THIS TELEGRAM BRINGS YOU UP TO DATE ON POSITION IN

NEGOTIATIONS IN SHENZHEN. NO ACTION IS REQUIRED AT PRESENT.

2

AS YOU WILL BE AWARE, SIGNATURE OF LETTER OF INTENT HAS

NOT YET TAKEN PLACE. NEGOTIATIONS ARE CONTINUING ON A RANGE OF

ISSUES, SOME PROCEDURAL, BUT SOME INVOLVING THE SCOPE OF THE

ECGD SUPPORTED FINANCING, AND ASSOCIATED COSTS. THE FRENCH

ALSO HAVE UNRESOLVED DIFFICULTIES.

3

ON 4 MARCH THE BANK OF CHINA/JVC PRODUCED A PAPER

SETTING OUT THEIR POSITION ON OUTSTANDING ISSUES. THE PAPER

STATED THAT IN DISCUSSIONS IN LONDON IN JANUARY BENJAMIN HAD

TOLD MADAME HUANG THAT HMG WOULD ENSURE THE UK OFFER MATCHED

THE FRENCH POSITION. GEC AND MIDLAND HAVE NOW RESPONDED IN

DETAIL TO BOC/JVC PAPER, EXPRESSING CONCERN THAT IT IS

INCONSISTENT WITH THE MOU AND ECGD'S BUYER CREDIT FRAMEWORK.

1

CONFIDENTIAL

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