Huaneng Power International, Inc.: Domestic Power Generation Decreases by 6.15% Year-on-Year in the First Half of 2019

News provided by

Jul 16, 2019, 07:34 ET

BEIJING, July 16, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first half of 2019.

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), for the second quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 91.536 billion kWh, representing a decrease of 11.86% over the same period last year. Total electricity sold by the Company amounted to 86.778 billion kWh, representing a decrease of 11.52% over the same period last year. In the first half of 2019, the Company's total power generation by the power plants within China on consolidated basis amounted to 195.375 billion kWh, representing a decrease of 6.15% over the same period last year. Total electricity sold by the Company amounted to 185.032 billion kWh, representing a decrease of 5.78 % over the same period last year. In the first half of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB419.51 per MWh, representing an increase of 0.22% over the same period last year. In the first half of 2019, the Company's market based electricity sold amounted to 87.553 billion kwh, with a ratio of 47.05% comparing to the corresponding total electricity sold, representing an increase of 10.15 percentage points over the same period last year.

The decrease in the Company's power generation was mainly attributable to:

1. In the first half of the year, the growth rate of the electricity consumption nation-wide showed a significant decline compared to the same period last year;

2. Hydropower and nuclear power generation had increased substantially, crowding out the space for growth in thermal power generation;

3. Areas like East China, Guangdong, Shandong and other regions where the Company has a relatively large proportion of installed capacity have significantly increased the power supply from external sources, thereby crowding out the space for growth of the thermal power generation by local coal-fired power generation units.

The power generations (in billion kWh) of the Company, by regions, are listed below:

	Power Generation				Electricity Sold
Region	April to June 2019	Change	January to June 2019	Change	April to June 2019	Change	January to June 2019	Change
Heilongjiang Province	3.735	2.89%	6.719	-3.05%	3.434	0.48%	6.216	-4.41%
Coal-fired	3.388	1.34%	6.016	-5.81%	3.095	-1.12%	5.530	-7.36%
Wind-power	0.309	12.27%	0.631	19.48%	0.301	9.75%	0.615	18.67%
PV	0.038	200.73%	0.072	351.90%	0.037	17.34%	0.071	353.07%
Jilin Province	2.813	1.26%	4.975	-2.24%	2.660	0.67%	4.690	-2.72%
Coal-fired	2.410	0.90%	4.214	-4.29%	2.271	0.17%	3.956	-4.93%
Wind-power	0.311	9.25%	0.590	13.74%	0.304	9.12%	0.575	13.75%
Hydro-power	0.020	-49.41%	0.027	-37.71%	0.019	-49.85%	0.026	-37.34%
PV	0.017	164.62%	0.032	164.46%	0.017	166.61%	0.032	165.28%
Biomass power	0.055	-5.93%	0.112	-0.37%	0.049	-5.28%	0.101	-0.13%
Liaoning Province	4.319	-8.65%	8.755	-6.07%	4.040	-8.80%	8.141	-5.93%
Coal-fired	4.155	-8.68%	8.446	-6.21%	3.877	-8.83%	7.836	-6.06%
Wind-power	0.115	-3.16%	0.208	-0.89%	0.115	-2.89%	0.207	-0.71%
Hydro-power	0.001	-93.36%	0.014	-38.90%	0.001	-93.52%	0.014	-38.72%
PV	0.048	9.08%	0.087	4.91%	0.047	7.77%	0.085	3.74%
Inner Mongolia	0.066	1.78%	0.114	-11.11%	0.065	2.25%	0.112	-10.84%
Wind-power	0.066	1.78%	0.114	-11.11%	0.065	2.25%	0.112	-10.84%
Hebei Province	3.314	-8.21%	6.685	3.82%	3.107	-8.29%	6.270	3.63%
Coal-fired	3.243	-8.23%	6.553	4.61%	3.038	-8.33%	6.141	4.41%
Wind-power	0.055	-10.22%	0.104	-27.47%	0.053	-10.02%	0.102	-27.18%
PV	0.016	4.65%	0.028	-8.41%	0.016	7.03%	0.027	-6.61%
Gansu Province	1.943	-26.79%	5.808	-10.69%	1.844	-26.78%	5.517	-10.71%
Coal-fired	1.399	-35.34%	4.793	-13.22%	1.312	-35.81%	4.525	-13.49%
Wind-power	0.544	10.87%	1.014	3.52%	0.532	12.15%	0.992	4.68%
Ningxia	0.007	-0.74%	0.012	6.54%	0.007	1.22%	0.011	7.55%
PV	0.007	-0.74%	0.012	6.54%	0.007	1.22%	0.011	7.55%
Beijing	1.479	-15.72%	3.682	-6.97%	1.433	-15.84%	3.479	-7.82%
Coal-fired	–	–	0.656	50.48%	–	–	0.581	52.32%
Combined Cycle	1.479	-15.72%	3.026	-14.08%	1.433	-15.84%	2.898	-14.59%
Tianjin	1.373	-12.46%	3.202	-10.93%	1.295	-12.12%	3.007	-10.71%
Coal-fired	1.072	-18.26%	2.446	-15.03%	1.002	-18.12%	2.275	-14.87%
Combined Cycle	0.300	17.18%	0.755	5.40%	0.292	17.26%	0.731	5.28%


	Power Generation				Electricity Sold
Region	April to June 2019	Change	January to June 2019	Change	April to June 2019	Change	January to June 2019	Change
PV	0.001	5.88%	0.002	7.38%	0.001	6.26%	0.002	5.31%
Shanxi Province	2.171	-3.37%	5.224	8.99%	2.008	-3.52%	4.877	8.79%
Coal-fired	2.141	-3.86%	3.986	10.85%	1.978	-4.05%	3.672	10.64%
Combined Cycle	0.006	542.43%	1.196	3.01%	0.006	833.33%	1.164	3.20%
PV	0.024	25.72%	0.042	14.12%	0.024	24.52%	0.042	13.53%
Shandong Province	20.895	-3.82%	42.713	-0.36%	19.787	-2.91%	40.335	0.55%
Coal-fired	20.520	-4.11%	42.039	-0.52%	19.420	-3.20%	39.680	0.36%
Wind-power	0.247	19.13%	0.455	9.26%	0.242	20.47%	0.441	15.17%
PV	0.128	8.73%	0.219	14.24%	0.125	6.16%	0.214	11.92%
Henan Province	4.761	-29.60%	10.795	-14.95%	4.477	-29.82%	10.152	-15.14%
Coal-fired	4.464	-29.38%	10.361	-14.64%	4.193	-29.48%	9.732	-14.77%
Combined Cycle	0.148	-64.14%	0.186	-62.45%	0.144	-64.38%	0.181	-62.65%
Wind-power	0.141	572.29%	0.236	411.96%	0.132	537.90%	0.226	391.23%
PV	0.007	3.73%	0.013	-3.25%	0.007	4.31%	0.013	-3.13%
Jiangsu Province	8.767	-10.75%	19.352	-5.72%	8.301	-10.90%	18.341	-5.82%
Coal-fired	7.137	-7.35%	16.527	-0.90%	6.710	-7.34%	15.579	-0.81%
Combined Cycle	1.185	-30.80%	1.997	-32.46%	1.162	-30.76%	1.960	-32.45%
Wind-power	0.410	5.69%	0.771	-9.86%	0.394	4.42%	0.747	-10.53%
PV	0.035	68.40%	0.057	64.59%	0.034	79.30%	0.056	70.05%
Shanghai	3.350	-25.36%	8.828	-11.73%	3.160	-25.57%	8.357	-11.77%
Coal-fired	2.980	-25.94%	7.746	-15.85%	2.800	-26.14%	7.300	-16.02%
Combined Cycle	0.370	-20.51%	1.082	35.78%	0.360	-20.80%	1.056	35.53%
Chongqing	2.333	38.63%	5.203	15.18%	2.166	40.63%	4.846	16.12%
Coal-fired	1.964	26.94%	4.514	9.38%	1.806	28.25%	4.174	10.03%
Combined Cycle	0.296	117.91%	0.574	47.18%	0.289	118.85%	0.560	47.41%
Wind-power	0.073	–	0.115	–	0.071	–	0.112	–
Zhejiang Province	5.830	-29.39%	12.033	-18.68%	5.593	-29.61%	11.551	-18.83%
Coal-fired	5.707	-28.83%	11.821	-18.13%	5.472	-29.04%	11.343	-18.27%
Combined Cycle	0.104	-52.33%	0.183	-44.51%	0.102	-52.31%	0.179	-44.61%
PV	0.019	-0.84%	0.029	-2.24%	0.018	-1.12%	0.028	-2.87%
Hubei Province	4.057	14.45%	9.708	20.39%	3.812	15.33%	9.142	21.33%
Coal-fired	3.816	14.64%	9.310	20.68%	3.576	14.93%	8.751	21.19%
Wind-power	0.158	53.68%	0.281	46.48%	0.156	87.18%	0.276	73.40%


	Power Generation				Electricity Sold
Region	April to June 2019	Change	January to June 2019	Change	April to June 2019	Change	January to June 2019	Change
Hydro-power	0.076	-28.67%	0.107	-26.56%	0.074	-28.65%	0.104	-26.98%
PV	0.006	-7.22%	0.010	-10.77%	0.006	-7.36%	0.010	-10.54%
Hunan Province	2.022	-13.15%	4.970	-10.05%	1.882	-13.86%	4.652	-10.38%
Coal-fired	1.754	-14.89%	4.397	-12.73%	1.618	-15.79%	4.086	-13.24%
Wind-power	0.133	-16.56%	0.325	-0.16%	0.132	-16.76%	0.322	-0.10%
Hydro-power	0.126	31.62%	0.237	62.42%	0.124	31.50%	0.233	62.54%
PV	0.008	-23.99%	0.011	-30.04%	0.008	-23.90%	0.011	-29.89%
Jiangxi Province	4.067	-15.80%	9.262	-7.78%	3.884	-15.83%	8.865	-7.74%
Coal-fired	3.935	-16.93%	8.972	-8.97%	3.755	-17.00%	8.580	-8.96%
Wind-power	0.132	41.44%	0.290	55.05%	0.129	42.08%	0.285	54.38%
Anhui Province	1.377	1.39%	2.999	6.88%	1.306	0.79%	2.861	6.89%
Coal-fired	1.272	1.86%	2.809	7.21%	1.202	1.23%	2.673	7.03%
Wind-power	0.069	-5.32%	0.142	3.26%	0.068	-6.30%	0.141	7.13%
Hydro-power	0.036	1.80%	0.048	-0.62%	0.036	0.59%	0.048	-1.01%
Fujian Province	2.316	-24.05%	4.475	-24.95%	2.601	-9.68%	4.872	-13.53%
Coal-fired	2.313	-24.05%	4.470	-24.96%	2.598	-9.67%	4.867	-13.52%
PV	0.003	-21.15%	0.005	-19.97%	0.003	-18.54%	0.005	-20.33%
Guangdong Province	5.620	-26.85%	10.633	-24.50%	5.368	-27.08%	10.176	-24.61%
Coal-fired	5.615	-26.86%	10.624	-24.50%	5.363	-27.09%	10.167	-24.61%
PV	0.005	-14.96%	0.009	-15.37%	0.005	-14.70%	0.009	-15.59%
Guangxi	0.103	-22.28%	0.168	-0.78%	0.098	-22.59%	0.158	-2.67%
Combined Cycle	0.073	-44.89%	0.120	-28.83%	0.069	-45.58%	0.115	-29.30%
Wind-power	0.030	–	0.047	–	0.029	–	0.043	–
Yunnan Province	0.947	-40.87%	1.994	-22.50%	0.865	-41.45%	1.841	-22.52%
Coal-fired	0.798	-45.38%	1.588	-29.87%	0.721	-46.29%	1.446	-30.31%
Wind-power	0.141	1.20%	0.398	28.87%	0.136	0.91%	0.387	28.60%
Hydro-power*	0.008	–	0.008	–	0.008	–	0.008	–
Guizhou Province	0.046	-10.69%	0.142	28.33%	0.046	-11.11%	0.140	28.38%
Wind-power	0.046	-10.69%	0.142	28.33%	0.046	-11.11%	0.140	28.38%
Hainan Provice	3.826	9.43%	6.924	3.95%	3.539	9.03%	6.423	3.57%
Coal-fired	3.713	8.47%	6.751	3.75%	3.429	8.00%	6.253	3.36%
Combined Cycle	0.018	130.88%	0.021	-9.82%	0.018	142.32%	0.020	-10.10%
Wind-power	0.018	8.36%	0.046	0.41%	0.018	10.89%	0.045	-0.55%


	Power Generation				Electricity Sold
Region	April to June 2019	Change	January to June 2019	Change	April to June 2019	Change	January to June 2019	Change
Hydro-power	0.046	24.95%	0.055	-11.53%	0.046	25.72%	0.054	-12.24%
PV	0.030	150.95%	0.051	127.15%	0.029	151.59%	0.051	126.46%
Total	91.536	-11.86%	195.375	-6.15%	86.778	-11.52%	185.032	-5.78%

*The Company's wholly-owned Yunnan Diandong Yuwang Changdi Hydropower Station (16 MW) has been supplying power to internal power plants and began selling electricity in the second quarter of 2019.

For the second quarter of 2019, the power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 20.0% in Singapore, representing a decrease of 1.1 percentage point compared to the same period of last year. The accumulated power generation for the first half year accounted for a market share of 20.5%, representing a decrease of 0.3 percentage point compared to the same period of last year.

Jiangsu Dafeng Offshore Wind Farm with a capacity of 71.4 MW, Henan Mianchi Fenghuangshan Wind Farm with a capacity of 38 MW, Guangxi Guigang Qixingling Wind Farm with a capacity of 35.5 MW (all of them are wholly-owned by the Company) and the Henan Zhenyao Wind Farm with a capacity of 2 MW (in which the Company holds 95% equity interests) were put into operation in the second quarter. In addition, the shareholding ratio of the Company's subsidiary Jinling Gas Turbine decreased from 60% to 57.39%, and the proportion of the shareholding interest in Jinling Gas Turbine Thermal Power increased from 51% to 57.39%, and the capacity of power plants invested by the Company changed in the second quarter of 2019, resulting in changes in the equity-based generation capacity of the Company.

Based on the above, as of 30 June 2019, the Company had a controlled generation capacity of 106,136 MW and an equity-based generation capacity of 93,520 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 106,136 MW and equity-based generation capacity of 93,520 MW. The power plants of the Company are located in 26 provinces, autonomous regions and municipalities in China. The Company also has a wholly-owned power company in Singapore.

SOURCE Huaneng Power International, Inc.