The Board resolution dated June 21, 2021, the BOD of Power Engineering Consulting Joint Stock Company 2 approved the following issues:

1)      Approving the policy to invest in Hau Giang biomass power plant project:

-          Project name:  Hau Giang biomass power plant

-          Capacity scale: 20MW

-          Location: Area 5, Thuan An Ward, Long My Town, Hau Giang Province.

-          Total value of investment: VND875.18 billion

-          Investment funds:

+ Owner’s equity: 30%, equivalent to VND262.554 billion;

+ Bank loan: 70%, equivalent to VND612.626 billion.

-          Implementation progress:

+ Project start: Quarter IV/2021

+ COD: Unit 1: March 2023; Unit 2: September 2023.

2)      Approving the plan to contribute capital for establishing the project of Hau Giang Biomass Energy Joint Stock Company:

-          Location: Binh Thanh Ward, Long My Town, Hau Giang Province.

-          Charter capital: VND20,000,000,000 (TV2 contributes 10% charter capital, equivalent to VND2,000,000,000.

-          To appoint Mrs. Nguyen Thi Huong Giang as representative of contributed capital in Hau Giang Biomass Energy Joint Stock Company.