On September 10, 2021, the Board of Directors of Gia Lai Electricity Joint Stock Company approved the establishment of subsidiary as Company name: New Renewable Energy No.1 Joint Stock Company, Address: 253 Hoang Van Thu, Tan Binh, Ho Chi Minh city, Charter capital: VND 180 billion and Capital contribution ratio by GEC: 99.83%, equivalent to VND 179.7 billion.