S7
(x)
(xi)
(xii)
(xiii)
The contract period of the GPC/HKNIC joint venture shall start from the effective date of the joint venture contract and shall terminate 20 years after the commissioning of the second unit. Decapitalisation shall start after all loans are repaid by the joint company and shall be completed by the end of the contract period. During preparation of the contract document consideration will be given to the ownership of the assets after this period.
out
GNPC, after its establishment, shall immediately carry detailed engineering studies and financial investigations appertaining to the new power station. Other precontract considerations such as site conditions, plant arrangements
loans should and financial
be the subjects of detailed
studies before award of contracts.
The project management team will consist of GPC & CLP staff and also staff from the consultants employed by the joint venture company. GPC and CLP shall
the investigate desirability of establishing a Project Management Company to undertake the engineering, construction and management of the nuclear power station.
GPC and CLP shall, after the acceptance of the feasibility study report, start discussion on the joint venture contract, contract for sharing of electricity, electricity sales agreement (GPC to CLP) and Articles of Association for establishment of GNPC and Project Management Company.
the
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