Decision No. 18/2005/QD-BCN On the conversion of the Da Nhim - Ham Thuan - Da Mi Hydropower Plant into an independent accounting subsidiary company under Vietnam Electricity Corporation

Pursuant to …;

Regarding the conversion of the Da Nhim - Ham Thuan - Da Mi Hydropower Plant into an independent accounting subsidiary under Vietnam Electricity Corporation

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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 modernization plan for state-owned enterprises under Vietnam Electricity Corporation until 2005;

Considering the proposal of the Board of Directors of Vietnam Electricity Corporation at Circular No. 114/TTr-EVN-HĐQT dated March 24, 2005 regarding the conversion of the Da Nhim - Ham Thuan - Da Mi Hydropower Plant into an independent accounting subsidiary;

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

DECISION:

Article 1. The Da Nhim - Ham Thuan - Da Mi Hydropower Plant, a dependent accounting unit, shall be converted into Da Nhim - Ham Thuan - Da Mi Hydropower Company, an independent accounting subsidiary of Vietnam Electricity Corporation.

1. Business name: Da Nhim - Ham Thuan - Da Mi Hydropower Company;

International trade name: Da Nhim - Ham Thuan - Da Mi Hydro Power Company;

Abbreviation: DHDHPC;

2. The company's headquarters is located at No. 80A Tran Phu Street, Loc Son Ward, Bao Loc City, Lam Dong Province;

3. Da Nhim - Ham Thuan - Da Mi Hydropower Company has legal personality, operates an independent economic accounting system, uses its seal, opens bank accounts, and engages in credit relations with domestic and foreign banks in accordance with the law.

Article 2.

1. Business activities of the company:

- Production and trading of electric power;

- Managing, operating, maintaining, repairing, and upgrading electrical equipment, hydraulic works, and architectural structures of the hydropower plant;

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

- Purchasing and exporting/importing materials and equipment;

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

- 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: 230.356.000.000,00 VND (Two hundred thirty billion, three hundred fifty-six 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. Da Nhim - Ham Thuan - Da Mi Hydropower Company is responsible for completing all business registration procedures and operating in accordance with the Company Charter approved by the Board of Directors of Vietnam Electricity Corporation, 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 Director of Da Nhim - Ham Thuan - Da Mi Hydropower Company are responsible for implementing this Decision./.