Yulchon Gas-fired Project in Korea (Phase II) is pleased to acquire EIA permit (document number: Environment Impact Assessment Division – 1481 dated on June 25, 2012) from Ministry of Knowledge and Economy (MOE). This signifies theYulchon Power Plant 946 MW LNG Combined Cycle Power Plant II got its final government approval. This project is 100% owned by the Company, the unit utilizes world top J unit from MHI company; we have assigned Hyundai Engineering & Construction Co., Ltd. to be our EPC contractor and is scheduled to start its construction on June 26, 2012. According to our construction plan single cycle COD will be on June 30, 2013 and combined cycle COD will be on June 30, 2014. Upon completion, our power plant will help to ease the tight power demand of Korea, and at the same time optimize the efficiency of the Company.