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Transcript of remarks by SEN

     Following is the transcript of remarks by the Secretary for the Environment, Mr Wong Kam-sing, on tariff reviews of the two power companies this afternoon (December 11):

Reporter: Secretary, what is the message you take away from this meeting?

Secretary for the Environment: Today we based on the agreement that the government has tried to endeavour to have a balance between environment concern, pricing and other basic policy areas. We can understand that's the offer resulted from the negotiations in the past few months. So this is based on the agreement. Certainly, we expect in the longer term, including the mid-term review and the 2018 agreement review, there will be room for further negotiations about all these aspects.

Reporter: Do you find these percentages acceptable?

Secretary for the Environment: I would like to repeat that the resulted percentage in the tariff review is understandable within the framework of the agreement.

Reporter: So the question then becomes, looking at the framework of agreement, do you think that these kinds of increases are going to create pressure for the mid-term review, for people to look at scrapping the scheme of control?

Secretary for the Environment: I think today's opinion is trying to push the society to re-think the current agreement, including particularly the profit margin. So I think the voice is clear and we would follow up.

Reporter: When do you think the mid-term review will start?

Secretary for the Environment: I think we would start the mid-term review by early next year. Thank you.

(Please also refer to the Chinese portion of the transcript.)

Ends/Tuesday, December 11, 2012
Issued at HKT 21:20


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