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:

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.

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SOURCE Huaneng Power International, Inc.