XN000022-1983-08-18 — Page 6

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THURSDAY, AUGUST 18, 1983

5.

(D)

THE COMPANIES CHECK WHETHER THE ACTUAL GENERATING PLANT EXCEEDS THE NOMINAL CAPACITY, AND, IF SO, ALLOW FOR THIS DIFFERENCE IN THEIR GENERATION EXPANSION PLANS.

OTHER RECOMMENDATIONS BY THE CONSULTANTS

IN SECTION 4 OF THE EXECUTIVE SUMMARY, IT WILL BE SEEN THAT THERE ARE ALSO RECOMMENDATIONS RELATING TO –

* (4)

* (5)

(A)

(B)

(c)

(D)

ས

MORE FREQUENT CHECKING BY THE GOVERNMENT OF THE COMPANIES' LONG-TERM PLANS;

THE INTRODUCTION OF A STANDARD REPORTING FORM ON AN ANNUAL BASIS TO ENSURE UNIFORMITY OF THE MATERIAL SUBMITTED TO MEET THE GOVERNMENT'S REQUIREMENTS;

CYCLING OF BASE LOAD: KEEPING GENERATING UNITS IN OPERATION BUT CHANGING THEIR LOADS TO MATCH SYSTEM NEEDS

TWO SHIFT OPERATION: SHUTTING DOWN OF GENERATING UNITS OVERNIGHT AND DURING WEEKENDS

THE REVIEW BY THE GOVERNMENT OF THE COMPANIES' FUEL CONTRACTS, TAKING INTO ACCOUNT BOTH PRICE

AND RELIABILITY OF SUPPLY, IN THE INTERESTS OF CONSUMERS;

THE FEASIBILITY AND DESIRABILITY OF UP-GRADING THE CONSUMER SUPPLY VOLTAGE; AND

(E) THE POSSIBLE REVIEW OF LEGISLATION AND COMPANY

RULES GOVERNING STANDARDS OF SUPPLY AND CONSUMER INSTALLATIONS.

TENDER AWARDED FOR MAJOR HOUSING DEVELOPMENT

*****

THE GOVERNMENT HAS AWARDED A TENDER FOR A 45 480-SQUARE-METRE SITE IN KOWLOON BAY TO TRIPROFIT ENTERPRISES LTD. FOR THE DEVELOPMENT OF THE BIGGEST HOME OWNERSHIP HOUSING PROJECT UNDER THE PRIVATE SECTOR PARTICIPATION SCHEME IN HONG KONG TO DATE.

ANNOUNCING THIS TODAY, A GOVERNMENT SPOKESMAN SAID THAT TRIPROFIT'S $509 MILLION BID FOR THE SITE WAS THE HIGHEST OF THE SIX TENDERS RECEIVED.

UNDER THE SALES CONDITIONS, THE DEVELOPER WILL HAVE TO PROVIDE 5 900 TO 6 100 FLATS RANGING IN SIZE FROM 34 TO 55 SQUARE METRES IN THREE PHASES OVER A PERIOD OF THREE YEARS.

/TRIPROFIT ENTERPRISES