Decision No. 21/2005/QĐ-TTg Regarding the conversion of the Can Tho Thermal Power Plant into the Can Tho Thermal Power State-owned Joint Stock Company

Pursuant to …;

Regarding the conversion of Can Tho Thermal Power Plant into a state-owned joint stock company with sole member

Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member

PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the State Enterprise Law dated November 26, 2003;

Considering the proposal of the Board of Directors of Vietnam Electricity Corporation,

DECISION:

Article 1. Convert Can Tho Thermal Power Plant, a subsidiary under the Vietnam Electricity Corporation, into the Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member.

The Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member (hereinafter referred to as the Company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, and operate in accordance with the Enterprise Law and the Company's Articles of Association.

- Full name: Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member.

- Abbreviation in Vietnamese: Can Tho Thermal Power Company.

- International trade name: CANTHO THERMAL POWER COMPANY LIMITED.

- Abbreviation in English: CTTP Co., Ltd.

- Registered charter capital: 180,000,000,000 Vietnamese dong.

- Head office address: No. 01 Le Hong Phong Street, Tra Noc Ward, Binh Thuy District, Can Tho City.

Article 2. Business sectors and activities:

- Production and trading of electric power.

- Production of distilled water; supply of industrial heat energy.

- Repair and installation services for mechanical thermal equipment, refrigeration equipment, electrical equipment, substations with voltage up to 110 kV, power plants, gas turbines with each unit capacity up to 100 MW.

- Services: drying, filtering insulating oil, electrical testing, chemical testing, storage of oil, leasing of storage tanks, cranes, transportation means, repair and calibration of pressure gauges, safety valves, temperature measuring devices.

- Import and export of materials and equipment.

- Project management for investment construction, supervision of construction work, and other construction consultancy services.

Engage in production and business activities in other industries and trades as prescribed by law.

Article 3. Organization and operation:

1. The management structure of the Company follows the model of Chairman of the Company, General Director of the Company, and supporting staff. The Board of Directors of the Vietnam Electricity Corporation decides on the specific plan.

2. The organization and operation of the Company are specifically regulated in the Company's Charter on organization and operation.

Article 4. The organization authorized by the State to represent the owner is the Board of Directors of the Vietnam Electricity Corporation.

The Board of Directors of the Vietnam Electricity Corporation is responsible for exercising the rights of the owner according to current regulations and the Company's Articles of Association.

Article 5. The Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of the Vietnam Electricity Corporation to fulfill the tasks of developing production and business operations.

Article 6. The Chairman and General Director of the Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member are responsible for drafting the organizational and operational regulations of the Company to be submitted to the Board of Directors of the Vietnam Electricity Corporation for approval.

Article 7. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.

The Board of Directors of the Vietnam Electricity Corporation, the Chairman of the Company, and the General Director of the Can Tho Thermal Power State-Owned Joint Stock Company with Sole Member are responsible for implementing this Decision.