Nam Ngum 2 Hydroelectric Power Plant

The Company holds shares in Nam Ngum 2 Power Company Limited (“NN2”), representing 46 percent of the registered and paid-up capital (by investment via SouthEast Asia Energy Limited), which is a company registered in the Lao People’s Democratic Republic (“Lao PDR”), and is awarded the concession from the Government of the Lao PDR for the design, development, construction and operation of Nam Ngum 2 Hydroelectric Power Plant for a period of 25 years from the Commercial Operation Date.