Quynh Lap LNG Power Joint Stock Company convened its first General Meeting of Shareholders in Hanoi on September 18, with the event bringing together its shareholders to finalise the company’s governance and executive structure whilst setting out a roadmap aimed at advancing key tasks in the period ahead.
An overview of the General Meeting of Shareholders
The meeting was attended by Nguyen Duy Giang, deputy general director of PetroVietnam Power Corporation (PV Power), a subsidiary of PETROVIETNAM; Kim Nam Ho, vice chairman of SK Innovation; and Ngo Van Tu, director of Nghe An Sugar Limited Liability Company (NASU).
The Board of Directors of Quynh Lap LNG Power Joint Stock Company makes its debut at the meeting
The occasion saw shareholders elect the six-member Board of Directors (BOD) of Quynh Lap LNG Power JSC, comprising Nguyen Duy Giang, Le Hai Long, Vu Tran Giang Nam, Kim Nam Ho, Park Jae Young, and Ngo Van Tu.
Nguyen Duy Giang was unanimously chosen as the BOD chairman with 100% of the vote, while Le Hai Long was appointed to the position of director.
The Board of Directors of Quynh Lap LNG Power JSC congratulates the newly appointed members of the company’s management and executive team
The General Meeting also elected a three-member Board of Supervisors, with Nguyen The Anh serving as its head, as well as Noh Ui Hwan and Pham Thi Thuy Huong as its members.
Following the outcome of the General Meeting, the Board of Directors appointed Lim Kyung Hoon and Tran Xuan Son as deputy directors, with Vu Thanh Nga in the role of chief accountant.
Nguyen Duy Giang, deputy general director of PV Power and chairman of the Board of Directors of Quynh Lap LNG Power JSC, speaks at the General Meeting
Upon addressing the meeting, Nguyen Duy Giang, deputy general director of PV Power and chairman of the Board of Directors of Quynh Lap LNG Power JSC, said the inaugural General Meeting of Shareholders marked an important milestone in the shareholders’ joint efforts to advance the Quynh Lap LNG project.
He outlined that since February, PV Power, SK Innovation, and NASU had been working closely together, steadily completing the necessary steps in order to establish Quynh Lap LNG Power JSC.
The company’s official establishment, together with the completion of its governance and executive structure, will serve to lay the groundwork for the parties to continue working together as the project moves into its next phase, he added.
As the company’s newly elected Chairman, Mr Giang affirmed that the Board of Directors and the executive management would fully exercise their rights and responsibilities under the Shareholders’ Agreement and the Company’s Charter, thereby safeguarding the interests of its shareholders while simultaneously mobilising resources and collaborating in a bid to closely accelerate the tasks already set out.
Moving forward, the company will continue to co-ordinate efforts with relevant authorities and partners as they strive to accelerate project preparation and implementation. It will therefore focus on completing the necessary procedures, selecting contractors, arranging financing, and putting in place the conditions required for negotiations and the signing of power purchase agreements (PPAs).
The parties will further strengthen co-ordination and mobilise resources as a means of ensuring the project is delivered on schedule and efficiently.
At the General Meeting, shareholders unanimously adopted, with 100% of the votes, proposals covering the company’s 2026 business plan, capital-raising plan, budget, and organisational structure. They also approved the selection of an audit firm which will conduct the 2026 financial statement audit and audit the company’s pre-establishment costs.
The successful conclusion of the inaugural General Meeting of Shareholders coupled with the establishment of the company’s full governance and executive structure marks an important step in building the organisational foundation of Quynh Lap LNG Power JSC.
With this foundation now in place, the shareholders, relevant authorities, and project partners have a clearer platform from which to co-ordinate going into the next stages of the project and move forward with its preparation and implementation.
