TNAG-2981-FCO40-1473-Guangdong-nuclear-power-station-project-1982 — Page 27

Mr. Smith

Is this

entirely correct?

Pr. speak

D2H/12

Not

брошли Thongin & DOI

All cqred this is onerating

Наслов

H:

29/12

CR 310

CONFIDENTIAL

FM PEKING 030346Z DEC 82

TO PRIORITY DO I

CONFIDENTIAL

TELNO INDUS 71 OF 3 DECEMBER

RPTD INFO BTC HONG KONG.

FOR MANZIE

(71)

HKK 166/1

2814/2 faripler

YOUR INDUS 69: GUANGDONG NUCLEAR PROJECT: LI PENG'S VISIT

1. THANK YOU FOR THIS COMPREHENSIVE REPORT. A NUMBER OF COMMENTS OCCUR TO ME.

2. THE VISIT HAS BROUGHT OUT VERY CLEARLY THE CRUCIAL IMPORTANCE OF THE HONG KONG CARD. WE MUST CONTINUE TO USE IT FOR ALL IT IS WORTH AND, FOR EXAMPLE, EMPHASISE THE FACT THAT THERE WILL BE NO HONG KONG GOVERNMENT-BACKED OFFTAKE AGREEMENT UNLESS CEC GET THE CONVENTIONAL ISLAND. THE CHINESE UNDERSTAND THIS POINT, PUT ME SHOULD NOT LET IT GO TY DEFAULT.

3. THE CHINESE STATEMENT THAT GIVEN A 25 PER CENT FOREIGN SHAPE- HOLDING AND AN OFFTAKE AGREEMENT THE BANK OF CHINA WOULD BE WILLING TO CONSIDER PROVIDING A GUARANTEE FOR THE WHOLE OF THE FOREIGN LOAN IS A SIGNIFICANT CONCESSION. IT OUGHT TO ALLEVIATE CHINA LIGHT AND POWER'S ANXIETIES. WE NEED TO WORK OUT WAYS OF RESPONDING TO IT SO THAT IT BECOMES PART OF THE FINAL DEAL.

4. THE TIMING OF THE NEXT MEETINGS SEEMS ACCEPTABLE IN PRINCIPLE. WE HAVE NOW OF COURSE RECEIVED CHINESE AGREEMENT FOR MR JENKIN'S VISIT FROM 14 TO 18 JANUARY, THAT WILL COME BEFORE THE TECHNICAL MEETINGS PROPOSED. I DO NOT THINK THAT THAT MATTERS EVEN THOUGH WE HAVE MADE A POINT OF EMPHASISING THAT MR JENKIN WILL WISH TO TALK ABOUT THE GUANGDONG NUCLEAR PROJECT WITH KRS QIAN, THE MINISTEP OF LATER CONSERVANCY AND ELECTRIC POVER. EVEN WITHOUT ANY SLIPPACE (ON PAST FORM LIKELY), IT WOULD BE POSSIBLE TO HAVE THE TECHNICAL DISCUSSIONS BEFORE AR JENKIN'S VISIT. HIS TALKS WITH CHINESE

LEADERS VILL HOWEVER OFFER US A USEFUL OCCASIOE TO INJECT AT A HIGH LEVEL ANY POINTS WE WISH TO MAKE TO HELP THE NEGOTIATIONS ON.

CRADOCK

LIMITED

FED NED

NEB

HKDŶD TRED

MRG IFFARD MR DONALD MRGILL MORE

CONFIDENTIAL

ADDITIONAL DISTN QUANG DONG NUCLEAR

THIS TELEGRAM WAO KUV

ADVANCED

74