OCMIAN 4597
CONFIDENTIAL
00 HOKON
PP HKBTC
FM FCOLN TO HOKON
051000Z AUG
GRS 1557
ник
166/1
RECEIVED IN
7 AUG 1986
CONFIDENTIAL
394
TOP COPY 6 DIST ?
faker.
K
54597 1
CONFIDENTIAL
FM FCO
TO IMMEDIATE HONG KONG
TELNO 1670.
OF 051000Z AUGUST 86
AND TO IMMEDIATE PEKING, PARIS, UKMIS VIENNA
INFO PRIORITY BTC HONG KONG,
H.K. TELNO 2498A
1.
3911
CHINA: NUCLEAR SAFETY
DTI, FCO AND DEPARTMENT OF ENERGY OFFICIALS MET ON 1
AUGUST TO REVIEW THE POSITION AND CONSIDER OUR NEXT STEPS.
TIMING OF CONTRACT SIGNATURE
A.
2.
WE HAVE DISCUSSED THIS WITH ECGD, GEC, AND THE FRENCH.
WE BELIEVE THE CHINESE STILL HOPE TO SIGN THE CONTRACTS IN
SEPTEMBER. BUT THERE ARE A NUMBER OF IMPORTANT POINTS
OUTSTANDING ON FINANCING WHICH MUST BE RESOLVED BEFORE CONTRACT
SIGNATURE. RECENT NEGOTIATIONS INVOLVING ECGD HAVE IF ANYTHING
REOPENED PROBLEMS ON THIS FRONT. WE UNDERSTAND VIA GEC THAT
THERE ARE ALSO NUMEROUS ISSUES ON WHICH THE JVC HAVE STILL TO
RECEIVE APPROVAL FROM THE CHINESE AUTHORITIES. OUR CONCLUSION IS
THAT THERE IS A VERY HIGH PROBABILITY THAT CONTRACT SIGNATURE
WILL SLIP INTO OCTOBER.
3.
IF WE CHOSE TO DO SO, WE WOULD OURSELVES HAVE THE
ABILITY DISCREETLY TO PUT THE BRAKE ON PROGRESS TOWARDS SIGNATURE
SHOULD PROGRESS UNEXPECTDLY ACCELERATE. BUT THERE ARE A NUMBER OF
COMMERCIAL CONSTRAINTS AND DEADLINES. THE TARGET DATE FOR
1
CONFIDENTIAL
No comments yet.
Private notes are available after approval.