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(b) the Guangdong Nuclear Power Joint Venture Company (GNPJVC), which owns and operates the GNPS, cannot charge more for the "offtake" quantity than the actual unit price determined in accordance with the formula specified in the joint venture contract. In other words, the Company cannot recoup a minimum annual rate of return by increasing the offtake price. It should be noted that, in the event of lower than expected levels of production, both depreciation charges and profit (which are based on plant performance) will decrease, thereby lowering the unit price.
(c)
The coal-fired electricity price cap applies only to the 64% "resale" quantity.
End/Wednesday, July 12, 1995
Helicopter accidents
Following is a question by the Hon Zachary Wong Wai-yin and a written reply by the acting Secretary for Economic Services, Mrs Elizabeth Bosher, in the Legislative Council today (Wednesday):
Question:
With regard to the two helicopter crashes which occurred within a short span of time recently, will the Government inform this Council:
(a)
(b)
(c)
of the total number of helicopter crashes which occurred in the territory over the past three years together with details about the dates, times, locations and causes of the crashes, as well as the helicopter rodels and the names of the manufacturers concerned;
of the existing legislation to monitor helicopter flights and their safety; and
what measures the Government has adopted to prevent the occurrence of such accidents, and whether the Government has taken action to step up those measures in order to ensure the safety of the public?
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