TNAG-0769-FCO40-973-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 114

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HAKK NOW, NO. 51

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Dake Kerr

lech HKGD

TO IMMEDIATE D O I TELNO INDUS 174 OF 30 OCTOBER 1978.

YOUR INDUS 275: EHV LINE AND LIPPITT'S VISIT.

VISI

n 11451 (2)

7 ~ FRED(2)

THERE IS LITTLE TO ADD TO MY INDUS 173. SIDNEY GORDON TOLD WEEDON

OVER THE WEEKEND THAT UNLESS THE UK OFFER IS REDUCED BY POUNDS STERLING 30 MILLION WITHIN TEN DAYS, CLP WILL DECIDE TO GO TO INTERNATIONAL TENDER AT THE END OF NOVEMBER. GORDON REPEATED THAT HE SEES NO POINT IN LIPPITT COMING WITHOUT A VERY LARGE REDUCTION IN OUR PRICE. IF WE TAKE OFF THE FULL POUNDS STERLING 30 MILLION GORDON WILL NOT REQUEST A BREAKDOWN BUT IF OUR OFFER FALLS SHORT OF THAT AMOUNT HE WILL WANT TO COMPARE OUR REVISED BID ITEM BY ITEM WITH THE ELECTROWATT, BROWN BOVERI, SUMITOMO AND CLP ESTIMATES. GORDON ALSO TOLD WEEDON THAT HE WAS SATISFIED THAT THE VARIOUS ELEMENTS OF THE OTHER BIDS LINED UP.

2. I JUDGE THEREFORE THAT UNLESS LIPPITT IS ABLE TO ADVISE KADOORIE

THAT WE CAN LOWER OUR PRICE SIGNIFICANTLY, GORDON WILL ARGUE STRONGLY AGAINST NEXT WEEK'S VISIT TAKING PLACE.

MARCH

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