Huaneng Power International, Inc. Announces Adjustment of On-Grid Tariffs

BEIJING, Oct. 15, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced the tariff adjustment of its domestic power plants.

According to a notice recently received by the Company from the National Development and Reform Commission regarding adjustment of on-grid tariffs for power generation enterprises, the government decided to adjust appropriately the on-grid tariffs of coal fired power generating units while maintaining the electricity sales price unchanged, with the view to implementing the Notice from the National Development and Reform Commission Regarding Adjusting Surcharge Standards on Renewable Energy Tariffs and Environmental Protection Related Tariffs.

According to the tariff adjustment document from the National Development and Reform Commission, the on-grid tariffs of the Company's domestic power plants were adjusted as follows:

Domestic Power Plant

On-grid

Tariff before

Adjustment

(RMB/MWh)

(Denitrification and VAT

inclusive)

Change

(RMB/MWh)

(Denitrification

and VAT inclusive)

On-grid

Tariff after

Adjustment

(RMB/MWh)

(Denitrification

and VAT inclusive)

Liaoning Province

Dalian

414.20

-12

402.20

Dandong

414.20

-12

402.20

Yingkou

414.20

-12

402.20

Yingkou Co-generation

422.20

-10

412.20

Hebei Province

Shang'an

439.98

-9.92

430.06

Gansu Province

Pingliang

338.13

-12.44

325.69

Beijing

Beijing Co-generation (coal fired)

506

-11.67

494.33

Tianjin

Yangliuqing Co-generation

441.20

-13

428.20

Shanxi Province

Yushe

396.70

-9

387.70

Zuoquan

393.70

-7

386.70

Shandong Province

Dezhou

473.40

-11.23

462.17

Weihai

474.77

-10.02

464.75

Jining

457.17

-10.26

446.91

Xindian

453.80

-10.70

443.10

Rizhao Phase II

446.90

-9.70

437.20

Zhanhua Co-generation

446.90

-11.70

435.20

Henan Province

Qinbei

445.02

-11.55

433.47

Jiangsu Province

Nantong

458.99

-24

434.99

Nanjing

459

-24

435

Taicang

463.41

-23.68

439.73

Huaiyin

459

-24

435

Jinling (Coal fired)

463

-23

440

Shanghai

Shidongkou First

467.10

-25

442.10

Shidongkou Second

456.10

-24

432.10

Shidongkou Power

485.30

-23

462.30

Chongqing

Luohuang

452.74

-15.09

437.65

Zhejiang Province

Yuhuan

490

-23

467

Hunan Province

Yueyang

507.50

-11.98

495.52

Jiangxi Province

Jinggangshan

492.58

-8.63

483.95

Fujian Province

Fuzhou

460.52

-12.40

448.12

Guangdong Province

Shantou Coal-fired

547.26

-18

529.26

Haimen

517.50

-18

499.50

Yunnan Province

Diandong Energy

362.60

0.50

363.10

Yuwang Energy

364.60

1

365.60

In connection with the tariffs adjustment, the on-grid tariffs for coal fired generating units that have met the denitrification requirements to the satisfaction of environmental protection authorities will be raised by RMB 0.01/kWh if the generating units have not benefited from the denitrification tariff subsidy, or RMB 0.002/kWh if the generating units have received a subsidy of RMB 0.008/kWh. For coal fired generating units that have met the de-dusting requirements to the satisfaction of environmental protection authorities, the on-grid tariffs will be raised by RMB 0.002/kWh to compensate de-dusting costs (such de-dusting tariff subsidy of RMB 0.002/kWh is not included in the tariffs adjustments set forth above as the generating units which have met de-dusting requirements are still under confirmation).

The above mentioned adjustment on tariffs has been effective as of September 25, 2013.  After the on-grid tariffs adjustment, the average on-grid tariff of the Company is expected to decrease by RMB12.59/MWh based on the weighted average on-grid tariffs for the Company's generating capacity affected by this adjustment.

About the Company

The Company is one of China's largest listed power producers with controlled generation capacity of 66,341 MW and equity-based generation capacity of 59,155 MW. The power plants of the Company are located in 19 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore.

For enquiries, please contact:

Huaneng Power International, Inc. 

Ms. MENG Jing / Ms. ZHAO Lin

Tel:  

(8610) 6608 6765 / 6322 6596

Fax:  

(8610) 6641 2321

Email:

zqb@hpi.com.cn


Wonderful Sky Financial Group Limited

Mr. Kevin Mao / Ms. Amy Xiao / Ms. Irene Gao

Tel:

(852) 2851 1038

Fax:

(852) 2865 1638

Email:

kevinmao@wsfg.hk / amyxiao@wsfg.hk / irenegao@wsfg.hk

SOURCE Huaneng Power International, Inc.




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