RNS Number:2734O
Zhejiang Southeast Elec Power Co Ld
04 August 2003

               ZHEJIANG SOUTHEAST ELECTRIC POWER COMPANY LIMITED



ANNOUNCEMENT ON RESOLUTIONS OF THE FIRST EXTRAORDINARY GENERAL MEETING FOR 2003



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.

I.                   Convening and quorum of the Meeting

The first extraordinary general meeting (the "Meeting") of the Company for 2003
was held on 1st August 2003 at Dahua Hotel in Hangzhou. Thirty-one shareholders
or their authorized proxies (the "Shareholders") were present at the Meeting (of
which: --5 domestic shareholders and 26 shareholders of B shares) representing
--1,344,169,292 shares of the Company which accounted for 66.87% of the total
number of shares of the Company (of which: 1,320,000,000 domestic shares held by
domestic shareholders which accounted for 100% of the domestic shares of the
Company; 24,169,292 shares held by shareholders of B shares which accounted for
3.50% of the total number of B shares of the Company), which complies with the
stipulations of the Company Law and the Articles of Association. Mr. Sun
Yongsen, the Chairman of the Company, presided over the Meeting.

II.                Discussion of proposals

The Proposal on Participation in the Tankeng Hydroelectric Power Plant was
reviewed and discussed by the Shareholders present at the Meeting. The proposal
was passed by voting on a named basis and the connected shareholder Zhejiang
Provincial Electric Power Development Company avoided voting at the Meeting.

Consenting votes accounted for 544,206,092 shares, representing 100.00% of the
number of shares with effective voting rights at the Meeting (of which:
520,036,800 shares are domestic shares accounting for 100.00% of the number of
shares with effective voting rights of shareholders of domestic shares;
24,169,292 shares are B shares accounting for 100.00% of the number of shares
with effective voting rights of shareholders of B shares).

III. Witnessing by lawyers

Beijing Zhong Xin Law Firm has issued a legal opinion on the Meeting. Zhong Xin
Law Firm is of the opinion that the convening and 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

                                    2nd August 2003




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