16
THURSDAY, JULY 15, 1993
GROUPS
TO
HE ALSO NOTED THAT HEC HAD SET UP CUSTOMER LIAISON HELP MAKE THE COMPANY MORE ACCOUNTABLE TO CONSUMERS AND HAD TAKEN STEPS TO REDUCE THE IMPACT OF POWER GENERATION ON THE ENVIRONMENT, FOR EXAMPLE BY INSTALLING EQUIPMENT TO REDUCE TO A MINIMUM EMISSION OF SULPHUR DIOXIDE FROM ITS NEW GENERATING UNITS.
"THE KEY PROVISIONS OF THE NEW AGREEMENT REMAIN BASICALLY UNCHANGED. OUR AIM IS TO MAINTAIN AN EQUITABLE BALANCE BETWEEN THE INTERESTS OF SHAREHOLDERS AND CONSUMERS,' MR SIU SAID.
"
UNDER ITS TERMS THE COMPANIES UNDERTAKE TO PROVIDE A SERVICE THAT IS NOT ONLY ADEQUATE TO MEET DEMAND BUT IS ALSO EFFICIENT, OF HIGH QUALITY, AT THE LOWEST REASONABLE COST AND TAKES ACCOUNT ENERGY EFFICIENCY AND CONSERVATION POLICIES.
AT THE SAME TIME, THE AGREEMENT PROVIDES FOR SHAREHOLDERS COMPANIES TO RECEIVE A REASONABLE RETURN ON THEIR INVESTMENT, AS TO ENCOURAGE THEM TO CONTINUE TO MAKE NECESSARY INVESTMENTS.
THE
OF
OF
SO
"IN ACCORDANCE WITH PROCEDURES AGREED IN THE SINO-BRITISH JOINT LIAISON GROUP A COPY OF THE NEW DRAFT AGREEMENT WAS PASSED ΤΟ THE CHINESE SIDE, MR SIU SAID.
TT
"THE CHINESE SIDE HAS CONFIRMED THAT THEY HAVE NO OBJECTION TO THE TERMS OF THE NEW AGREEMENT OR TO ITS SIGNATURE, HE SAID.
**
"THUS THE FUTURE HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT WILL CONTINUE TO ACCEPT THE RIGHTS AND OBLIGATIONS OF THE NEW AGREEMENT AFTER JUNE 30, 1997."
AS PART OF THEIR OBLIGATIONS THE COMPANIES WILL CONTINUE TO SUBMIT, FOR GOVERNMENT SCRUTINY AND APPROVAL, THEIR FORECASTS OF DEMAND, DETAILS OF THE INVESTMENTS WHICH THEY CONSIDER NECESSARY ΤΟ MEET THAT DEMAND AND THE TARIFFS WHICH THEY BELIEVE NEED TO BE CHARGED OVER THE FORECAST PERIOD.
IMPORTANT NEW PROVISIONS, INCLUDING THOSE RELATING ΤΟ THE INTRODUCTION OF TECHNICAL AUDIT AND A PROGRAMME TO REDUCE THE GROWTH IN PEAK DEMANDS, HAVE ALSO BEEN INCORPORATED IN ORDER ΤΟ STRENGTHEN GOVERNMENT'S MONITORING PROCEDURES AND TO REQUIRE THE COMPANIES TO PROMOTE ENERGY EFFICIENCY AND CONSERVATION.
MEMBERS OF THE PUBLIC CAN NOW OBTAIN A COPY OF THE NEW SCA FOR HEC FROM THE GOVERNMENT PUBLICATIONS CENTRE AT CONNAUGHT PLACE, CENTRAL.
REFUSE TRANSFER STATION FOR NT
* *
THE ENVIRONMENTAL PROTECTION DEPARTMENT TODAY {THURSDAY) SIGNED A CONTRACT FOR THE SHA TIN TRANSFER STATION, THE FIRST REFUSE TRANSFER STATION TO BE BUILT IN THE NEW TERRITORIES UNDER THE LONG-TERM WASTE DISPOSAL STRATEGY.
ITS CAPTIAL COST IS ABOUT $190 MILLION AND THE ANNUAL OPERATION COST IS ROUGHLY $20 MILLION.
/THE CONTRACT