RNS Number:0185R
Zhejiang Southeast Elec Power Co Ld
17 October 2003

               ZHEJIANG SOUTHEAST ELECTRIC POWER COMPANY LIMITED


ANNOUNCEMENT ON RESOLUTIONS OF THE SECOND EXTRAORDINARY GENERAL MEETING FOR 2003


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.

I.   Convening and quorum of the Meeting

The second extraordinary general meeting (the "Meeting") of Zhejiang Southeast
Electric Power Company Limited (the "Company") for 2003 was held on 16th October
2003 at Zhejiang Hotel in Hangzhou. Twenty-five shareholders or their authorized
proxies (the "Shareholders") were present at the Meeting (of which: --5
shareholders of domestic shares; 20 shareholders of B shares) holding
--1,361,088,090 shares of the Company which accounted for 67.72% of the total
number of shares of the Company (of which: 1,320,000,000 shares held by
shareholders of domestic shares which accounted for 100.00% of the domestic
shares of the Company; 41,088,090 shares held by shareholders of B shares which
accounted for 5.95% of the total number of B shares of the Company), thus
complying with the stipulations of the Company Law and the Articles of
Association. Mr. Sun Yongsen, Chairman of the Company, presided over the
Meeting.

II.  Discussion of proposals

 The Proposal on the Entire Investment in Xiaoshan Power Plant Natural Gas Power
Generation Project was reviewed and discussed by the Shareholders present at the
Meeting.  The proposal was passed by voting on a named basis.

 Consenting votes amounted to 1,361,088,090 shares, representing 100.00% of the
number of shares with effective voting rights (of which:  1,320,000,000 shares
are domestic shares accounting for 100.00% of the number of shares with
effective voting rights of shareholders of domestic shares; 41,088,090 shares
are B shares accounting for 100.00% of the number of shares with effective
voting rights of shareholders of B shares).

According to the voting result, it was agreed to entirely invest in Xiaoshan
Power Plant Natural Gas Power Generation Project with self-owned funds of the
Company.

III. Witnessing by lawyers

 Beijing Zhong Xin Law Firm has issued a legal opinion on the Meeting.  Beijing
Zhong Xin Law Firm is of the opinion that the convening and convening procedures
of the Meeting comply with the stipulations of the Company Law, the Articles of
Association and other regulatory documents.  The qualifications of the personnel
attending the Meeting are lawful and valid.  The voting procedures of the
Meeting comply with the stipulations of the Company Law, the Articles of
Association and other regulatory documents.  The resolutions passed at the
Meeting are lawful and valid.

IV.  Documents for inspection

1.   Resolutions of Shareholders' General Meeting.

2.   Legal Opinion issued by lawyers.



Board of Directors

Zhejiang Southeast Electric Power Company Limited

            17th October 2003




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