TNAG-0767-FCO40-971-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 72

145

HKK164/1

Bi

What does Sz mean?

1 JUN 1978

2

16/

PA

Actio· Ten

DENK OFFICER

INDEX

طه

HOFO 35/15

PP DO I

GR 85

CYPHER/CAT A

FM BTC HONG KONG 150955%

CONFIDENTIAL

Siet 158

Rina fress

1003

NO DISTRIBUTION

Fortz fot

TREBY

HKGB

Puso XR

TO PRIORITY D.0.1 TELNO.INDUS 66 OF 15 JUNE 78.

YOUR CREDA 80 : KESCO UNITS 3 AND 4.

..

1. SIDNEY GORDON'S TRENCHANT COMMENT WAS THAT ENINE MILLION PLUS ORR THIRTEEN POINT FIVE PERCENT WAS A LOT TO PAY FOR ECGD

FINANCING AND COVER AND HE WOULD NEGOTIATE ON THE BASIS OF THEE

SIXTY SIX MILLION PLUS FIGURE QUOTED IN THE ORIGINAL GEC OFFER.

2. HE SAID THAT ONE OF THE REASONS WHY HE SAW NO HOPE OF ANY ACCEPTANCES OF OUR OFFER BY 38 NOVEMBER WAS RUMBLINGS FROM

HHOUSTON''.

MACLEHOSE

1

Hip of Exxon?

i

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