SCHEDULE
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Reference No: BC (FC) 455 93000
1.
SUPPLIER:
2.
BUYER/BORROWER :
3.
GUARANTOR:
GEC Turbine Generators Ltd
Kowloon Electricity Supply Company Ltd (KESCO) or sister company
none
DESCRIPTION OF PROJECT:
Design, project management and supply of all major mechanical and electrical plant for Units 3 and 4
5.
DETAILS OF UK CONTRACTUAL RESPONSIBILITY:
A
UK element
Alternative A* Value (£s)
Alternative B* Value (£s)
i.
Units 3 and 4
76,198,500
75,661,500
ii.
Provisional sums (including CPA)
45,899,000
42,363,000
iii. Freight and insurance
charges
6,660,000
6,480,000
£128,757,500
£124,504,500
*Variation between A and B depends upon commissioning dates
6.
TERMS OF PAYMENT TO SUPPLIER:
From Loan %
From Buyer Direct %
UK and local element (if any)
85
15
(In addition borrower to have right to draw finance for locals up
to the level of direct payments less any drawings GEC may make for locals. N.B. GEC's own drawings are likely to be minimal.)
7.
MAXIMUM AMOUNT OF LOAN:
a UK element
b Local element
Total amount to be guaranteed
(to which interest must be added)
6
Alternative A
Value (s)
Alternative B
Value (£s)
109,443,875
105,828,825
19,313,625
18,675,675
£128,757,500
£124,504,500
to include drawings made direct by the Borrower
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