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(*) THE REACTORS TO BE SUPPLIED TO DAYA BAY WERE THE LAST OF THE

MODEL WHICH WOULD NOT BE MANUFACTURED IN FUTURE:

(**) A SPOKESMAN FOR THE CHINESE NUCLEAR AUTHORITIES HAD ALLEGED

THAT HK WAS BOUND TO BUY ELECTRICITY FROM DAYA BAY BECAUSE

THERE WAS CONTRACTUAL PROVISION THAT GEC WOULD NOT BE

AWARDED THE CONTRACT FOR THE CONVENTIONAL ISLAND UNLESS HK

AGREED TO BUY 70 PER CENT OF THE ELECTRICITY GENERATED.

POON SKILFULLY REPLIED THAT WHILE HE COULD NOT SPEAK FOR EITHER

FRAMATOME OF THE CHINESE AUTHORITIES, ON (1) AND (HK), HE UNDERSTOOD THAT FRAMATOME WAS SUPPLYING EQUIPMENT TO S. AFRICA, AND WAS CURRENTLY MANUFACTURING EIGHTEEN PWRS. AS REGARDS ("MIN), HE

CONFIRMED THAT NETHER THE JOHNT VENTURE CONTRACT BETWEEN HKNIC AND

GMIC NOR THE LETTER OF INTENT BETWEEN GEC AND THE JVC CONTAINED ANY

PROVISION TO SUPPORT THE ALLEGATION. AS FAR AS CLP/HKMC WERE CONCERNED, THEY WERE COMMITTED TO BUY ELECTRICTHY FROM DAYA BAY ENT MRELY ON THE MERIT OF THE NUCLEAR POWER. HE TOLD MEMBERS THAT **N 1985, THE NEGOTIATIONS WHITH GEC NEARLY BROKE DOWN AND THE JVC TEAM HAD ACTUALLY CONSIDERED OTHER SUPPLIERS. HE ADDED THAT WHILE

THERE MIGHT HAVE BEEN DESIRE BETWEEN THE GOVERNMENTS CONCERNED TO

MAINTAIN A GOOD RELATIONSHIP, THIS CASE WAS MERELY ONE WHERE GEC

WAS GEVEN A FIRST OPPORTUNITY TO NEGOTIATE.

(B) DR. DANIEL TSE, QUESTIONING THE ECONOMIC OF NUCLEAR POWER, SAND

HE HAD HEARD ABOUT THREE US NUCLEAR POWER STATIONS IN FINANCIPAL

TROUBLE. HE QUOTED IN PARTICULAR THE CASE OF THE SOUTHERN UTILITIES

UN GEORGIA WHERE THE COST OF NUCLEAR GENERATION WAS SO HIGH THAT THE COMPANY HAD TO ASK FOR STATE SUBSIDY, AND WHEN #TS REQUEST WAS REJECTED, DECIDED TO CONVERT TO CONVENTIONAL GENERATION. POON VENTURED THE VIEW THAT THE COST OVERRUN MIGHT MERELY BE AS A RESULT OF CHANGES IN USNRC RULES AND UNRELATED TO THE OPERATION. A FEW MEMBERS WERE HOWEVER KEEN TO GET FULL DETAILS OF THESE US CASES AND POON UNDERTOOK TO OBTAIN THE INFORMATION.

5. MISS TAM INFORMED US IN CONFIDENCE BEFORE THE DISCUSSION THAT IT

HS NOW LIKELY THAT THE LEGCO FACT-FINDING MISSION WILL COVER THE US, FRANCE AND WHENNA. SHE HERSELF WILL LEAD THE TEAM TO FRANCE, AND THE TEAM TO THE US MAY BE HEADED BY ALLEN LEE. SZETO WAH HAS

APPARENTLY BEEN IMWITED BY THE US GOVERNMENT (POSSIBLY THE USHA

PROGRAMME) TO VISIT THE US THIS SUMMER, AND SAND HE MIGHT TAKE THE

OPPORTUNITY TO SEE A NUCLEAR POWER STATION. MISS TAM SAND SHE WAS

DOING HER BEST TO ENCOURAGE THE SCEPTICS TO JOIN THE MISSIONS AND SHE

HAS ASKED STEVEN POON TO ENLIST EDE'S ASSISTANCE.

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16.

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