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on
At present, the project construction progress is basically
schedule. Although the full Nuclear Island and Conventional Island Civil Works Contracts have not yet been signed, the procurement of civil works equipment and site preparations have been carried out under the pre-contract according to the overall project schedule. Therefore, from the point of view of the overall project schedule,
the first concrete of Unit 1 Nuclear Island can be realised in
August, 1987.
III. Financial Status
By the end of March 1987, GNPJVC had committed US$1,600m in total
including three main contracts and other preliminary works and
expenses. The expenditure on the completed works amounts to
US$200m.
The total project budget is approximately US$3,680m. The fund for
the project includes US$400m of equity, with balance to be financed by loans arranged by Bank of China. Export credits of about US$2,000m has been arranged between Bank of China and French and
British syndicated banks (including the Balance of Plant contracts
to be awarded and capitalised interest), at 7.4% fixed annual
interest rate.
IV.
Co-operation between the Chinese staff and the staff from outside
of China, recruitment and training of project construction personnel and operations personnel
The Guangdong Nuclear Power Station is a joint venture enterprise
using Chinese and foreign investments. Through the construction of
this nuclear power station, China intends to import not only
technology but also management experience. Now there are 609 staff
in our Company, including 32 staff from Hong Kong and foreign
countries.