gent consideration as to whether or not to support HKNIC.
Mr Stones envisaged a Project Management Team including, possibly, Bechtel, with CLP to commission and run the station for the first ter
years to about 1999, after the exploration of the Lease.
There would be considerable benefit to the Chinese and the CEGB
if the operators could come from the UK.
On equity, Mr Stones said that the Chinese wanted, above all, commitment. The figure of 40% of HKNIC going to CLP was a purely
arbitrary one and the actual amount of cash was insignificant
compared with total costs. He did not think that the Chinese
expected equity to create liability.
Mr Stones said that he believed that in about two months time
Peking would give approval for the product to proceed and
he considered that the two major tasks facing the UK were:
that some senior official from the UK should go to Peking and
Guangdong to say that the UK supported CLP and would match any
French financing terms; secondly for GEC capability to build a
900 MW high-speed turbine set to be reinforced.
•
On BNFL involvement in secondary fuel supplies, current Whitehall thinking was that BNFL stood far less chance if Framatome were the
nuclear island supplier than Westinghouse. Therefore, it would be
helpful if CLP could say that it strongly favoured dual sourcing
Mr Stones said that the joint study reported that the vendor would
supply fuel for the first three years, then 2 sources of fuel would
be required until Chinese facilities became available. The advantages
of having a UK fuel source were appreciated in Hong Kong.
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