TNAG-2981-FCO40-1473-Guangdong-nuclear-power-station-project-1982 — Page 24

PW

3

7.

(CONTINUE TYPING HERE)

taking the opportunity to discurs Chima Light and Power's position with Mr Stones while he is in the UK, but there are

will need to consider before meeting the Chinery. obviously wither that

you With this in mind, and in particular to give you and your

Continuation Sheet No.

1

File No.

Executive Committee the chance to consider your position, I would like to suggest that

I

propose to come to Hong Kong with Alan Havelock well in advance propose |

of the tripartite discussions to clear the ground with you,

with China Light and Power, and with any other interests

you think may be usefully involved. At present, we would

envisage leaving London on 4 or 5 January and possibly

believe staying in Hong Kong for about a week. VI understand this

would leave time for the Executive Committee to consider any

issues which required decision before the talks with the

Could you let me know if this Chinese began and I would appreciate your comments en

would be convenient?

this proposal.

Unfortunately, this wind

coincide with Peter A visit, but we are operati under a difficult tim constraint, and

Several areas which emerged from the talks with Li Peng as

being of special current interest to the

Chinese

will, I am sure, need to be carefully considered by the

Hong Kong Government While the negotiation of an eventual offtake agree-

ment for the power produced by the nuclear station is

primarily a matter for CLP and the Guangdong Power Company,

for Hong Kong

the implications of such an important cross-border link

suggest that the Hong Kong Government will need

to present a well-formed view in discussions with the Chinese.

The Chinese also focussed on the equity contributions for

it is evident that

the project. As things stand the offer of a 10% equity

informally proposed.

to the Guangdong

Power

Company stake by China Light | does not meet Chinese expectations;

and additional investors will need to be sought in order to

VAR.

N

Form SS 29A

DO NOT TYPE ON REVERSE- USE A FURTHER CONTINUATION SHEET