TNAG-1497-FCO40-2055-Guangdong-nuclear-power-station-project-at-Daya-Bay-safety-c-1986 — Page 319

CONFIDENTIAL

OCMIAN 5507

CONFIDENTIAL

DD 070100Z PEKIN

FM INDUS TO PEKIN

061605Z JAN

GRS 362

CONFIDENTIAL

FM DTI

TO DESKBY 070100Z PEKING

TELNO INDUS 9

OF 061605Z JANUARY 86

AND TO IMMEDIATE BTC HONG KONG, PARIS

Abst

PA

14

5507 1

MKK 166/1

WECEIVED IN REGISTRY

07 JAN1986

DE

INDEX

FOR BENJAMIN (IN PEKING)

MIPT: GUANGDONG NUCLEAR PROJECT: MINISTERIAL PRESS RELEASE

1

TEXT ISSUED READS AS FOLLOWS:

QUOTE

1

I AM DELIGHTED TO ANNOUNCE THAT THE FINANCIAL MEMORANDUM

IN SUPPORT OF GEC'S RECENTLY ANNOUNCED AGREEMENT ON THE SUPPLY

OF TURBINE GENERATORS FOR THE GUANGDONG NUCLEAR PROJECT HAS BEEN

SIGNED IN PEKING BY REPRESENTATIVES OF THE DEPARTMENT OF TRADE

AND INDUSTRY AND THE BANK OF CHINA.

2

THIS SIGNING UNDERLINES THE IMPORTANCE OF GOVERNMENT-

BACKED FINANCE IN SETTING UP SUCH MAJOR PROJECTS. ON GUANGDONG,

THE GOVERNMENT. THE DEPARTMENT OF TRADE AND INDUSTRY AND ECGD

HAVE WORKED VERY SUCCESSFULLY OVER A LONG PERIOD WITH GEC AND

BRITISH BANKS TO SECURE AGREEMENT. OVER A PERIOD OF YEARS

MINISTERS HAVE BEEN CLOSELY INVOLVED THROUGHOUT AND HAVE BEEN

DETERMINED TO GET THIS ORDER FOR BRITAIN IF REASONABLE TERMS

1

CONFIDENTIAL

NGISTRY

Takon