theschemeofcontrolagreement.docVIP

The Scheme of Control Agreement entered into by the Hong Kong Government and the following companies: China Light Power Company, Ltd. Exxon Energy Ltd. Peninsula Electric Power Company Ltd. Kowloon Electricity Supply Company Ltd. and Castle Peak Power Company Ltd.  The Scheme of Control Agreement entered into by the Hong Kong Government and the following companies: China Light Power Company, Ltd, Exxon Energy Ltd, Peninsula Electric Power Company Ltd, Kowloon Electricity Supply Company Ltd, and Castle Peak Power Company Ltd SCHEME OF CONTROL AGREEMENT THIS AGREEMENT is made by Deed the NINTH day of March One Thousand Nine Hundred and Ninety Two. BETWEEN: - (1) THE GOVERNMENT OF HONG KONG (the Government) Sch.1(15) (2) CHINA LIGHT POWER COMPANY, LIMITED, a corporation organised and existing under the laws of Hong Kong (China Light”) (3) EXXON ENERGY LIMITED, a corporation organised and existing under the laws of Hong Kong (EEL) (4) PENINSULA ELECTRIC POWER COMPANY LIMITED, a corporation organised and existing under the laws of Hong Kong (“PEPCO”) (5) KOWLOON ELECTRICITY SUPPLY COMPANY LIMITED, a corporation organised and existing under the laws of Hong Kong (“KESCO”) (6) CASTLE PEAK POWER COMPANY LIMITED, a corporation organised and existing under the laws of Hong Kong (“CAPCO”) WHEREAS :- (A) The parties hereto are parties to a Scheme Of Control Agreement dated 27 February 1978 (as amended) which will expire on 30 September 1993 and pursuant to clause 7(3) thereof the parties have now agreed on the terms of the Scheme Of Control as contained herein which shall commence on 1 October 1993. Sch. 1 (20)  (B) China Light recognises its continuing obligation to contribute to the development of Hong Kong by providing substantial additional facilities to meet the future demand for electricity, and in pursuit of this objective, with approval of the Government, has entered into agree