OTIATIONS.
4. WHY ARE THE CEGB INVOLVED AND NOT PRIVATE SECTOR CONSULTANTS ?
BECAUSE THE CLIENT IN HONG KONG EXPRESSED INTEREST ONLY IN THE SERVICES THAT COULD BE SUPPLIED BY THE CEGB WHICH HAS GREAT EXPERIENCE IN DEVELOPING AND OPERATING COAL FIRED POWER STATIONS: THE CEGB SERVICES WILL INCLUDE THE TRAINING OF OPERATORS. (CLP/ EXXON HAVE NEVER OPERATED A COAL FIRED STATION: NOR HAVE PRIVATE SECTOR CONSULTANTS.)
5. WHY DID CLP/EXXON NOT PUT THE CONTRACT TO INTERNATIONAL TENDER ?
'AS WOULD HAVE BEEN EXPECTED CLP/EXXON RECEIVED ENQUIRIES ABOUT
THE NEW POWER STATION FROM A NUMBER OF OTHER INTERNATIONAL SUPPLIERS. CLP/EXXON HAVE TRADITIONALLY QUOTE BOUGHT BRITISH UNQUOTE AND WERE KEEN TO DO SO AGAIN.PROVIDED, WE COULD OFFER COMPETITIVE TERMS. THE PACKAGE WE PUT FORWARD WAS COMPETITIVE SO INDEPENDENT CONSULTANTS HIRED BY CLP/EXXON CONCLUDED.
6. WHAT DID THE HONG KONG DOLLAR PROPOSALS IMPLY ?
ххой
THEY WOULD ENABLE CLP/EXXON TO MINIMISE THEIR FOREIGN EXCHANGE RISK. HOWEVER CLP/EXXON HAVE DECIDED NOT TO PURSUE THIS PROPOSAL FOR THE TIME BEING WHILE THEY REVIEW THEIR POSITION AGAINST CURRENT RATES OF INTERNATIONAL CURRENCIES.
7. IS HMG PURSUING COAL FROM CHINA ?
THE POSSIBILITY WAS RAISED BY MINISTERS WHEN THEY MET MR LI CHIANG VICE MINISTER OF TRADE, IN DECEMBER. THE GOVERNMENT IS INTERESTED
IN THE POSSIBILITY FOR TWO REASONS:
BRITISH COAL MINING EQUIPMENT MANUFACTURERS HAVE BEEN
SUCCESSFUL IN SELLING TO CHINA IN THE PAST AND THE GOVERNMENT
HOPED THAT FURTHER SALES WOULD DEVELOP: ..
- TO STRENGTHEN THE ALREADY GOOD RELATIONS BETWEEN THE PEOPLES'
REPUBLIC, HONG KONG AND HMG.
7. IN DECEMBER SIR LAWRENCE GAVE US A COPY OF HIS DRAFT OF A STATE-
MENT HE MIGHT MAKE OR MIGHT INSERT IN THE PRESS TO ANNOUNCE THE LETTER OF INTENT. AT HIS INVITATION WE HAVE AMENDED THE TEXT TO REFLECT THE PRESENTATION WE WOULD WISH TO SEE. THE AMENDED TEXT IS AS
FOLLOWS:
No comments yet.
Private notes are available after approval.