BEIJING, Dec. 15, 2010 /PRNewswire-Asia/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced today that one 1,000 MW domestic ultra-supercritical coal-fired generating unit of the Phase III Project at Qinbei Power Plant (in which the Company owns 60% equity interest) has recently been approved by the National Development and Reform Commission of the People's Republic of China.
This Project will install high-performance electrostatic precipitators, flue-gas desulphurisation and denitrification facilities as well as on-line flue-gas on-going monitoring system, and will additionally install denitrification facilities at one 600 MW generating unit of the Phase II Project. 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 RMB4.18 billion, of which 20% is equity capital to be funded by internal funds of the Company, Henan Province Construction Investment Company and Henan Province Jiyuan City Construction Investment Company according to the capital contribution ratios of 60%, 35% and 5%, respectively. The remaining investment will be funded by bank loans.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 50,033 MW and equity-based generation capacity of 46,512MW. The power plants of the Company are located in 17 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
Wonderful Sky Financial Group Limited
Ms. Katy CHAN / Mr. John GAO / Ms. Olive ZHANG
Tel: (852) 3970 2119 / 3970 2186 / 3970 2180
Fax: (852) 2815 1352
SOURCE Huaneng Power International, Inc.