Board Resolutions

RNS Number:4513S
Zhejiang Southeast Elec Power Co Ld
25 November 2003


               Zhejiang Southeast Electric Power Company Limited


                Announcement on Resolutions of the Fifth Meeting

         of the Third Board of Directors (by way of written resolutions)



Zhejiang Southeast Electric Power Company Limited ("the Company") and all the
members of the Board of Directors warrant the authenticity, accuracy and
completeness of the contents of this announcement and shall be jointly liable
for any false representations, misleading statements or material omissions
contained herein.



The Fifth Meeting of the Third Board of Directors (by way of written
resolutions) of the Company was convened on 21st November 2003.  Fifteen
directors should be present and fifteen directors were actually present at the
meeting. The supervisors of the Company attended the meeting as non-voting
members.  The meeting complies with the stipulations of the Company Law and the
Articles of Association.  The following resolutions were passed unanimously at
the meeting after examination and voting by the directors of the Company:



I.                    Agreed that Zhejiang Changxing Electric Power Limited
Liability Company shall commence construction work for Phase II of the expansion
project.





II.                 Agreed that Zhejiang Changxing Electric Power Limited
Liability Company shall pay the costs according to the requirements of the
preparatory works in order to ensure the smooth progress of the preparatory
works including "four communications and one levelling" of the Phase II project
of Zhejiang Changxing Electric Power Limited Liability Company.





III.               As the capital required for Phase II of the expansion project
of Zhejiang Changxing Electric Power Limited Liability Company will be injected
by way of capital increase by the shareholders in proportion to their respective
shareholdings, the Board of Directors of the Company will further discuss the
capital increase issue upon the approval of the project.



Please refer to the announcement of the Company in relation to Phase II of the
Expansion Project of its Subsidiary - Zhejiang Changxing Electric Power Limited
Liability Company for details of the Phase II project of Zhejiang Changxing
Electric Power Limited Liability Company.









Board of Directors

Zhejiang Southeast Electric Power Company Limited

25th November 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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