Decision No. 15/2005/QĐ-BCN On the transfer of Uong Bi Thermal Power Plant to become an independent accounting affiliate company under Vietnam Electricity Corporation

Pursuant to …;

Regarding the conversion of the Ung Bai Thermal Power Plant into a subsidiary independent accounting entity under Vietnam Electricity Corporation

the independent accounting unit under the Vietnam Electricity Corporation

THE MINISTER OF INDUSTRY

Pursuant to Decree No. 55/2003/NĐ-CP dated May 28, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Industry;

Pursuant to Decree No. 180/2004/NĐ-CP dated October 28, 2004 of the Government on the establishment, restructuring, and dissolution of state-owned enterprises;

Pursuant to Decision No. 12/2005/QĐ-TTg dated January 13, 2005 of the Prime Minister approving the supplementary restructuring and reform plan for state-owned enterprises under Vietnam Electricity Corporation until 2005;

Considering the proposal of the Board of Directors of Vietnam Electricity Corporation at Report No. 116/TTr-EVN-HĐQT dated March 24, 2005 regarding the conversion of the Ung Bai Thermal Power Plant into an independent accounting subsidiary;

At the suggestion of the Director of the Department of Organization and Cadres,

DECISION:

Article 1. The Ung Bai Thermal Power Plant, a dependent accounting unit, shall be converted into the Ung Bai Thermal Power Company, an independent accounting subsidiary of Vietnam Electricity Corporation.

1. Enterprise name: Ung Bai Thermal Power Company;

International trade name: Uông Bi Thermal Power Company;

Abbreviation: UBTPC;

2. The company's headquarters is located in Uong Bi city, Quang Ninh province;

3. The Ung Bai Thermal Power Company shall have legal person status, operate with independent economic accounting, use its seal, open bank accounts, and establish credit relationships with domestic and foreign banks in accordance with the law.

Article 2.

1. Business activities of the company:

- Production and trading of electric power;

- Management, operation, maintenance, repair, and renovation of electrical equipment, thermal power plants, and architectural works of power plants;

- Training and development of human resources for management, operation, maintenance, and repair of power plant equipment;

- Purchase and sale, import and export of materials and equipment;

- Project investment construction planning, project investment construction management, and construction supervision consultancy;

- Construction and installation of electrical works;

- Coal production and business;

- Production of electric poles, steel balls, machine grinding plate linings, centrifugal concrete products, thermal insulation and electrical insulation materials;

- Engaging in other businesses in accordance with the provisions of the law.

2. The Charter Capital of the Company as of December 31, 2004 is: 72,727,000,000 VND (Seventy-two billion seven hundred twenty-seven million VND).

Article 3. The organizational structure of the company includes:

1. General Director,

2. Deputy General Directors,

3. Chief Accountant,

4. Technical and operational departments,

5. Operation and repair workshops.

Article 4. The Ung Bai Thermal Power Company is responsible for completing all business registration procedures and operating according to the Company Charter approved by the Board of Directors of Vietnam Electricity Corporation, in accordance with the Law on State-Owned Enterprises and other relevant laws.

Article 5. This Decision takes effect fifteen days from the date of publication in the Official Gazette.

The Director of the Ministry's Office, the Inspector General of the Ministry, Heads of Departments and Bureaus under the Ministry, Chairman of the Board of Directors and General Director of Vietnam Electricity Corporation, and the Director of the Ung Bai Thermal Power Company are responsible for implementing this Decision.