equipment. Electricite de France is the
overall project manager.
French value: £6-700 million
UK value: £250 million
Location: 50 kilometres from Hong Kong:
transmission lines into Shenzhen and Hong
Kong.
HISTORICAL BACKGROUND
Levels of Negotiation
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The negotiations had two dimensions the
Macro-negotiations at Government level,
creating the opportunity, and then the
Micro-negotiations often interacting at
political level but with substantial
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pressure applied to a mass of detailed
technical and financial issues.
A.
Macro-Negotiations
The project evolved from various strands.
I 1978-79
China: overall energy-deficient, and hence the whole sector has priority. They have
very high hydro resources and potential,
and substantial coal reserves. But areas
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