TNAG-0950-FCO40-1169-Effect-of-nuclear-exports-to-China-on-Hong-Kong-Guangdong-nu-1980 — Page 167

5

6

i

CC.IDENTIAL

i.

KOREA

KORI I

ECGD supported a £25.3m loan on 12 years terms, in 1970

b

KORI 2

ECGD supported a £72.5m loan on 10 years terms in 1977.

KORI 3 & 4

ECGD supported a US $92m loan on 15 years terms in 1976 (15 years credit conceded to match US competition)

d

KORI 7 & 8

•

ECGD offered to support 15 years credit to match the US offer but in the event the business was lost to the US in October 1979.

e

KORI 9 & 10

ECGD has as yet made no offer of support but it is understood

that the French have indicated a willingness to support 15 years credit.

ROMANIA

CERNAVODA POWER STATION

1

The Canadians, who have been approached in respect of the nuclear island have offered support for an 85% loan repayable over 20 years from date of commissioning. They have also indicated that they would provide the same terms for the electro mechanical supply if approached.

2

Presently ECGD, the French, the Germans, the Swiss, the US and latterly the Italians are all supporting a common line under which any support will be in respect of an 85% loan repayable over 10 years.