THIS IS A COP
E ORIGINAL HAS DEEN
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IMPTION No 27(1) a
CONFIDENTIA rate was low, then there would be advantages in a long repayment. veriod. Otherwise, the shorter the repayment period, the better.
ELECTRICITY PRICING
KEC thought the 10% stipulated by CLP as the price of power sold to CLP out of KEC's quota of shared electricity was too low. Mr Chen Gang suggested that 20% be considered and that CLP should feed this parameter into their computer models and weigh the results.
SAFETY STANDARDS
When Mr Ding held that the adoption of UK standards would necessitate modifications in the reactor design and increase equip- ment costs, Mr Stones explained that the UK standards were based on the IAEA guidelines, and implemented in UK plants using imported reactors. Any ill-advised curtailment of expenses in necessary
modifications might in the end bring about costly disasters.
ON DISASTER LIABILITY
Mr Chen concurred that the enormity of the liabilities in the event of major incidents were such as to justify its being undertaken by both governments.
PRIORITY GIVEN TO WHOM
Kat) then bue ntarum Jak me
Mr Chen propounded on two principles. First, the equipment must be of top quality. Second, they must be competitively priced. Subject to these two conditions being met, priority would surely be given to the UK and the PRC. Realistic policy too, because this will help procure governmental support.
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CONFIDENTIAL
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