TNAG-2191-FCO40-3128-Hong-Kong-nationality-package-1990 — Page 54

CONFIDENTIAL

CHINA LIGHT & POWER COMPANY LIMITED

U.K. Passports for Employees

Background

1.

China Light & Power Co., Ltd. (CLP) is a power utility with 6,300 in Hong Kong. It provides employees serving 1.4 million customers reliable and economic electricity supplies to over and to the commerce and industries of Hong Kong.

cannot go

on

5 million people-

electricity. without

If the Today, modern living electricity supply is interrupted or the demand can only be partially met for a sustained period, the damage to both livelihood and the In other words, the economy of Hong Kong could be unimaginable. growth and prosperity of Hong Kong are dependent on the unrestricted To a large extent, the availability of continuous electricity supply.

and reflecting Hong Kong while

entrepreneurship industriousness of its people, also reflects the success of its power

companies.

success

of

the

2.

Over the past 10 years, CLP has invested over HK$30 billion in capital expenditure to provide reliable and economic electricity supplies to Some HK$13 Hong Kong as a positive vote of confidence in Hong Kong. billion of the investment were awarded as equipment supply contracts to U.K. manufacturers. In fact, today CLP is still the single largest buyer of U.K. manufactured electrical and mechanical equipment.

CLP had also initiated jointly with the PRC and U.K. Governments for the construction of the Daya Bay Nuclear Power Station involving a instrumental in the total investment of around HK$30 billion and was

purchase of U.K. power plant and equipment of about HK$4 billion for the Daya Bay Nuclear Power Station.

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