(
i
y.
Mr. Chen Gang informally told Mr. Stones that KEC and the Chinese Government felt that CLP were worried about the two
following points.
a. The very big risks involved in the event of an accident
in a nuclear power station.
b. The stability of the Chinese Government and its continui-
ty of policy.
On the first point, he said the worries were justified.
on point (), he assured Mr. Stones that the senior leader- ship of the country have already taken care of the succession question and that a continuity of the present policies is
assured.
10.
11.
12.
13.
14.
KEC found CLP more confident about the project this time.
On the pumped storage, Mr. Chen Gang said that a group should be set to study its feasibility and that as far as the Guangdong side was concerned, KEC had the ultimate say in the matter.
Mr. Chen Gang requested CLP to give KEC an indication of the price of electricty in 1982. This was necessary as a decision was being made at KEC with regard to either buying oil to generate power in Guangdong, or to buy more electricity from
CLP.
If the project with CLP did not materialise, KEC would still go ahead, using probably either one reactor or two smaller ones. The foreign exchange would be partly covered by selling power to Macau and HEC.
HEC had on several occasions telephoned KEC and requested an interview where they could present an interesting proposal on the nuclear power station. KEC did not take up this offer, nor did they contact HEC during their recent trip to Hong Kong,
i.e. on the 27th June 1980.
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