TNAG-1058-FCO40-1308-Guangdong-nuclear-power-station-project-1981 — Page 102

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iii. Working Subcommittee

The four Working Subcommittees, viz, Economics Subcommittee, Site Selection Subcommittee, Equipment Subcommittee and System Design Sub-committee are formed. These Working Subcommittees will work under the guidance of the Management Group on the

studies and respective

investigations and will draft the

relevant

the Feasibility

and parts of

the draft Agreement, Contract and Articles of Association of the joint development.

Report

B.2

GPC and CLP agreed that :

The Executive Committee will be a temporary organisation jointly set up by GPC and CLP to study the feasibility of the construction of a nuclear power station in Guangdong in accordance with the provisions of the Law of PRC on Joint

and Foreign Ventures Using Chinese Investment. The work will be performed in the principle of equality, mutual benefit and friendly consultation.

The objectives of the Executive Committee will be as follows :

i.

To establish and control all subordinate working groups carrying out the feasibility study;

ii.

on

To convene periodic meetings, receive interim reports from the Management Group,

the adjudicate progress, recommendations and made decisions on important matters;

iii. To

iv.

review

receive reports

from

decide

the on

employment of and consultants and adjudicate on the recommendations;

to

To receive the final report on the feasibility study and decide on whether or not to proceed with the establishment of a joint development company for the construction and operation of a nuclear power station in Guangdong;

V.

TO

submit

Agreement,

the

Contract

Feasibility Report

with together

the draft and Articles of Association of the joint development to the respective Governments for approval following to proceed with the establishment of a joint development company.

the

decision

Organisation

GPC and CLP agreed that :

i.

The Executive Committee will consist of 7 members from CLP and 7 members from GPC who will be nominated by their respective Chairman;

ii.

The Executive Committee meetings will be alternatively by the Chairman of GPC and CLP;

presided

over