PERSONALLY WOULD PREFER A NEGOTIATED CONTRACT BUT WAS NOT SURE WHETHER HE COULD PERSUADE. HIS FELLOW DIRECTORS AGAINS INTERNATIONAL TENDER. FINANCING ARRANGEMENTS WOULD BE VITAL AND HK ELECTRIC WOULD BE LOOKING FOR THE LONGEST POSSIBLE TERMS.
3. THE NEW TURBINES WOULD BE OIL FIRED ALTHOUGH AT THIS STAGE
PEACOCK DOES NOT CLOSE HIS MIND TO A COAL FIRED OPTION. HE SUGGESTED THAT THE NEW STATION BE DESIGNED TO USE OIL FROM CHINA BUT MY QUESTIONING SUGGESTED THAT HE IS UNDULY OPTIMISTIC ABOUT CHINESE WILLINGNESS OR EVEN ABILITY TO SUPPLY OIL WITHIN HIS PLANNED TIME SCALE: HIS THINKING SEEMS TO BE BASED ON SPECULATION ABOUT THE DEVELOPMENT FOR EXPORT OF CHINESE OIL FIELDS IN KWANTUNG PROVINCE.
4. PEACOCK SAID THAT UNIT CONSUMPTION ON HONG KONG ISLAND WAS UP BY 17 PERCENT THIS YEAR BUT GAVE NO FIGURES TO SUPPORT THE CONTINUANCE OF THIS RATE OF INCREASE INTO THE 1980S. MY ASSESSMENT IS THAT, TAKING INTO ACCOUNT THE JAPANESE PLANT ALREADY ORDERED, HK ELECTRIC'S INSTALLATION CAPACITY WILL COVER LIKELY MAXIMUM DEMAND ON THE ISLAND UNTIL 1986/87. ON THE ASSUMPTION THAT CLP/PEPCO'S NEW PROJECT PROCEEDS AS PLANNED, THEY SHOULD BY THIS TIME HAVE SUFFICENT TRANSFER CAPACITY TO SELL POWER TO HK ELECTRIC. NO DISCUSSIONS HAVE YET BEEN HELD WITH THE GOVERNMENT ABOUT A SITE FOR AN ADDITIONAL STATION ON HONG KONG ISLAND ALTHOUGH DAVID JEAFFRESON TOLD ME YESTERDAY THAT PEACOCK HAS ASKED TO SEE HIM LATER THIS WEEK.
5. PEACOCK BELIEVED THAT ALLINGHAM HAS MADE CONTACT WITH GEC AND EITHER PARSONS OR CLARK CHAPMAN. HE DID NOT SEEM UP-TO-DATE ABOUT THE PROJECTED MERGERS OF UK POWER GENERATING COMPANIES. I RECOMMEND THAT SOMEONE FROM THE DEPARTMENT CONTACTS HIM DURING HIS STAY IN LONDON AND THAT, AT LEAST UNTIL WE HAVE TIED UP OUR CONTRACT WITH CLP/PEPCO, BRITISH MANUFACTURERS TREAT THIS AS A SERIOUS ENQUIRY, EVEN THOUGH FOR THE REASONS GIVEN ABOVE AND IN MY CREDAS 138 AND 153 I REMAIN SCEPTICAL ABOUT THE VIABILITY OF
THE PROJECT.
MARCH
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