TNAG-0769-FCO40-973-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 55

327

X

(328)

NM

00 BTC HONG KONG DESK BY 06010OZ

GRS 500

UNCLASSIFIED

DESK BY 06010OZ

FM DTI 051958Z DEC 78

TO IMMEDIATE BTC HONG KONG

ARK 164/1

REGNS: ́Y

RECEIVED IN REG 7.0 51 - 8 DEC 1978

DESK OFF,

INDEX

No

TELEGRAM NUMBER INDUS 311 OF 5 DECEMBER

FOR MARCH FROM THORNTON

MIPT TRANSMISSION SYSTEM

DRAFT PRESS RELEASE READS:

# RY

olden

ठ

HRED

TRED &

PUS D

POUNDS STERLING 80M HONG KONG TRANSMISSION SYSTEM ORDER

1. CHINA LIGHT AND POWER HAS ANNOUNCED IN HONG KONG TODAY THAT THEY HAVE ISSUED A LETTER OF INTENT TO BALFOUR BEATTY LTD. FOR THEIR NEW 400 KV TRANSMISSION SYSTEM IN KOWLOON AND THE NEW TERRITORIES OF HONG KONG. THIS EXPORT ORDER IS WORTH POUNDS STERLING 80 M OVER THE NEXT SEVEN YEARS TO BALFOUR BEATTY AND ITS MAIN SUB- CONTRACTORS, BICC POWER CABLES AND HAWKER SIDDELEY TRANSFORMERS. 2. THE GOVERNMENT EFFORT TO SECURE THE CONTRACT WAS CO-ORDINATED BY MR ALAN WILLIAMS, MINISTER OF STATE FOR INDUSTRY, AND NEGOTIATIONS WERE CONDUCTED IN HONG KONG WITH CLOSE COLLABORATION BETWEEN THE CONTRACTORS, OFFICIALS OF THE DEPARTMENT, THE BRITISH TRADE COMMISSION, ECGD AND UK MERCHANT BANKS. WELCOMING THE ORDER MR WILLIAMS SAID TODAY:-

QUOTE I AM DELIGHTED THAT NEGOTIATIONS HAVE BEEN SUCCESSFULLY CONCLUDED, AND THAT UK INDUSTRY HAS AGAIN BEEN ABLE TO SECURE VALUABLE BUSINESS IN THIS VERY IMPORTANT MARKET. THE ORDER WILL

AND BRING SUBSTANTIAL WORK TO FACTORIES IN

AND PROVIDES FURTHER EVIDENCE OF THE GAINS TO BE HAD FROM EXTREMELY CLOSE INTEGRATION OF THE EFFORTS OF UK INDUSTRY, GOVERNMENT AND THE CITY IN PURSUIT OF MAJOR EXPORT BUSINESS. IT ALSO UNDERLINES ONCE MORE THE OPPORTUNITIES THAT EXIST FOR BRITISH INDUSTRY IN HONG KONG AND THE REST OF SOUTH EAST ASIA.

UNQUOTE