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Huaneng Power International, Inc. Obtains Approval for the First Unit of Yueyang Power Plant Phase III Project

 

BEIJING, Nov. 18 /PRNewswire-Asia/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that one 600MW ultra-supercritical coal-fired generating unit of the Phase III project at Yueyang Power Plant (in which the Company has controlling interests) has recently been approved by the National Development and Reform Commission of the PRC.

The Phase III project at Huaneng Yueyang Power Plant will install high-performance electrostatic precipitators, flue-gas desulphurisation and denitrification facilities, as well as a continuous emission monitoring system. Various emission indices at the power plant will satisfy the environmental protection requirements of the State.

The total investment amount of the project is estimated to be approximately RMB2.536 billion, of which 20% is equity capital to be funded by the Company and Hunan Xiang Tou International Investment Company Limited based on capital contribution ratios of 55% and 45%, respectively. The remaining investment will be funded by bank loans.

Huaneng Power International, Inc. wholly-owns 18 operating power plants, and has controlling interests in 16 operating power plants and minority interests in 5 operating power companies within China. Such power plants are located in 12 provinces and 4 provincial-level municipalities in China. The Company also has a wholly-owned generation company in Singapore. Currently, the Company is one of China's largest listed power producers with controlled generation capacity of 43,782MW and equity-based generation capacity of 40,975 MW.

    For enquiries, please contact:

     Ms. Meng Jing / Ms. Zhao Lin
     Huaneng Power International, Inc.
     Tel:   +86-10-6649-1856 / 1866
     Fax:   +86-10-6649-1860
     Email: zqb@hpi.com.cn

     Mr. Karl Cheung / Ms. Christy Lai
     Rikes Hill & Knowlton Limited
     Tel: +852-2520-2201
     Fax: +852-2520-2241

SOURCE Huaneng Power International, Inc.

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