CONFIDENTIAL
GUANGDONG NUCLEAR POWER STATION PROJECT : ESSENTIAL FACTS
1.
A study undertaken by China Light and Power Company Limited (CLP), Guangdong Power Company (GPC) and the United
Kingdom Atomic Energy Authority (UKAEA) in 1980 concluded that
it was feasible for GPC and CLP jointly to construct and operate
a 2 x 900 MW PWR station some 30 miles north-east of Hong Kong in Guangdong Province. The total cost of the project was estimated at £2,000m; the foreign exchange costs would be met
from electricity sales to Hong Kong. The study recommended that
the conventional island contract should be awarded to GEC.
SCOPE OF UK INTEREST
2.
(i)
CONVENTIONAL ISLAND
-
GEC Turbine Generators are
seeking to secure the turbine island contract valued at
approximately £500m, of which an estimated £475m would be
UK content.
-
(ii) NUCLEAR ISLAND The estimated value of the
contract for the whole island could be of the order of
£1,300m. We would need to work with either the French
(Framatome) or the Americans (Westinghouse). If the
French were to secure the nuclear island it is very
unlikely the UK would secure any nuclear plant business. If the US State Department were willing to agree to the
export of nuclear technology to China perhaps as much as
70% of the total value of this contract could come to the
UK.
(iii) NUCLEAR FUEL The Chinese are seeking a dual
source for the fuel supply. We and the French have the ability to supply both fuel and associated processing facilities. A 50% share of the fuel contract (excluding enrichment) over 10 years would be worth approximately £4m per annum. With enrichment included this figure would rise to £20m per annum.
CONFIDENTIAL
/BACKGROUND