Decision No. 240/2005/QD-TTg Regarding the conversion of Thu Duc Thermal Power Plant into Thu Duc Thermal Power Joint Stock Company with State Capital Sole Member

DECISION OF THE PRIME MINISTER

Regarding the conversion of Thu Duc Thermal Power Plant

into Thu Duc Thermal Power Joint Stock Company with State Capital

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. The Thu Duc Thermal Power Plant, a subsidiary enterprise under Vietnam Electricity Corporation, shall be converted into Thu Duc Thermal Power Joint Stock Company with State Capital.

Thu Duc Thermal Power Joint Stock Company with State Capital (hereinafter referred to as the company) shall have its own seal, open accounts at domestic and foreign banks in accordance with the law, operate in accordance with the Enterprise Law and the Articles of Association of the company.

- Full name: Thu Duc Thermal Power Joint Stock Company with State Capital.

- Abbreviation in Vietnamese: Thu Duc Thermal Power Company.

- International trade name: THU DUC THERMAL POWER COMPANY LIMITED.

- Abbreviation in English: TDTP Co., Ltd.

- Registered charter capital: 66,000,000,000 VND.

- Head office: Km 09, Ha Noi Highway, Truong Tho Ward, Thu Duc District, Ho Chi Minh City.

Article 2. Business sectors and activities:

- Production and trading of electric power.

- Production and trading of distilled water, hydrogen gas.

- Services for repair and installation: 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, oil storage, leasing of storage tanks.

- Import and export of materials and equipment.

- Project management, construction supervision, and other consulting services in construction.

- Fuel transportation.

- Training and development of human resources in management, operation, maintenance, and repair of electrical equipment.

Other production and business activities in accordance with the law.

Article 3. Organization and operation:

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

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

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

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

Article 5. Thu Duc Thermal Power Joint Stock Company with State Capital is responsible for receiving and effectively utilizing the capital and assets transferred by the Board of Directors of Vietnam Electricity Corporation to fulfill the tasks of production and business development.

Article 6. The Chairman and General Director of Thu Duc Thermal Power Joint Stock Company with State Capital are responsible for drafting the organizational and operational regulations of the company to be submitted to the Board of Directors of Vietnam Electricity Corporation for approval.

, Clause 1, Clause 2 Article 7a of this Regulation.This Decision shall take effect fifteen days from the date of publication in the Official Gazette.

The Board of Directors of Vietnam Electricity Corporation, the Chairman, and the General Director of Thu Duc Thermal Power Joint Stock Company with State Capital are responsible for implementing this Decision.