TNAG-0949-FCO40-1168-Effect-of-nuclear-exports-to-China-on-Hong-Kong-Guangdong-nu-1980 — Page 137

(c)

KEC will sell 1/3 of its 60% share of electricity (i.e. 20% of total NPS generation)

to CLP at a price 10% higher than that of NPS. CLP will pay foreign currency for this purchase.

6.

7.

(d)

CLP will be the sole agent for the sale and distribution of the electricity received both from NPS and KEC in Hong Kong.

Safety Standards

(a)

(b)

(c)

The two 900 MWe PWR machines will be built and operated to the U.K. safety standards.

As a separate task, the U.K., if required, will help PRC in setting up China's safety standards based оп the IAEA guidelines as interpreted by NII (UK).

The PRC and the British Government will undertake insurance of plant, third party risks and disaster liability.

Construction and Supply of Equipment

(a)

as

much

As а principle, equipment and services should be supplied.

the as possible, by PRC/Guangdong and

U.K./Hong Kong, provided the prices and performances of their supplies are competitive.

Based on this principle, it

is envisaged

that

equipment/services supplies would be as follows:-

Land

Civil Works

PRE/Guangdong

PRC/Guangdong

PWR Nuclear Island

Balance of Generating Plant

U.S. or France

U.K.

Transmission Equipment

Other Services

U.K./PRC

Guangdong/Hong Kong

(b)

CLP and KEC, with the support from PRC and the U.K., will form a Project Management Company (PMC) to be registered in Hong Kong.

PMC will be employed by NPS to carry out the construction of the nuclear power station and will:-

C