TNAG-0949-FCO40-1168-Effect-of-nuclear-exports-to-China-on-Hong-Kong-Guangdong-nu-1980 — Page 152

4.

Management of NPS

(a) Chairman

3

CONFIDENTIAL

Deputy Chairman

General Manager

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nominated by KEC/PRC

nominated by HKNIC

For the first ten years from commissioning: nominated by CLP and agreed by KEC.

Chief Engineer

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After five years nominated jointly by CLP and KEC

Other Staff

according to ability.

Nominated jointly by CLP and KEC according to ability.

(b)

(c)

Should it be found desirable, external operating staff can be employed. In this consideration, preference should be given to the expertist in the U.K. and China.

Operating staff will be trained prior to commissioning both on site and by secondment overseas with the help of the U.K.

Price of Electricity and Electricity Purchase

5.

(a)

There should be one single price of electricity as NPS is concerned.

far

as

(b)

The price should be sufficient to cover:-

(i)

Depreciation of

fixed

straight-line);

(ii)

Operating cost;

(iii)

Fuel cost;

(iv)

Taxation,

(v)

Profit, etc.;

(vi)

assets

(25 years,

1

(vii)

De-commissioning; and

De-capitalisation.

NPS will sell 40% of the electricity generated to CLP and 60% to KEC, both at the same price as described above.

i

CLP will

for pay

its share of electricity in foreign currency, and KFC will pay in both foreign currency and RMS as determined by the foreign currency requirements of NPS.

1

1.

CONFIDENTIAL