Huaneng Power International, Inc. Power Generation within China Decreases by 3.55% in 2012

BEIJING, Jan. 15, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced its power generation of 2012.

According to the Company's preliminary statistics, as of December 31, 2012, the Company's total power generation within China on consolidated basis amounted to 302.433 billion kWh, representing a decrease of 3.55% over the same period last year; accumulated electricity sold amounted to 285.455 billion kWh, representing a decrease of 3.47% over the same period last year.

The decrease in power generation of the Company was mainly attributable to the following reasons:

1. Affected by the slower economic growth nationwide and the weak demand for electricity, the power generation in the areas where the Company's power plants are located grew by only 1.3% in 2012. The power generation by coal-fired generating plants decreased by 2.4% on consolidated basis over the same period last year.
   
2. The average capacity growth rate of the Company's coal-fire generating units in 2012 was 3.7 percentage points lower than that in the locations where the Company's power plants are situated, which affected the Company's share in the power generation market.
   
3. In 2012, there had been a rich supply of water to hydropower plants in the provinces and municipalities including Hunan, Jiangxi, Chongqing, Fujian, Gansu and Yunnan. The power generation by hydropower generating plants in the six provinces and municipalities increased by 31% on consolidated basis over the same period last year. In particular, there had been a sharp increase in the hydropower generation provided to Guangdong from Three Gorges, Yunnan and Guizhou. The rise of hydropower generation narrowed the demand for coal-fired power generation in the provinces where hydropower is generated or provided, and significantly affected the Company's generation output.
   
4. The long-term suspension of the coal mines in the surrounding areas of Yunnan Diandong due to safety accidents in the first quarter of 2012 resulted in tense supply of coal to the Company's two power plants in Diandong, and affected electricity production of the Company.

The power generation and electricity sold by each of the Company's domestic power plants in 2012 are listed below (in billion kWh):

The accumulated power generation of Tuas Power Limited in Singapore in 2012 accounted for a market share of 25.2%, representing a decrease of 1.9 percentage points as compared to the same period last year.

In addition, generating units No.5 and No.6 (2 x 680 MW) of Huaneng Weihai power plant (in which the Company owns 60% equity interest) at Shandong Province have commenced trial run; oil-fired generating unit No.2 (600 MW) of Tuas Power Limited (which is wholly-owned by the Company) in Singapore has been closed down.  At the same time, there had been changes in the generation capacity in part of the power plants in which the Company has equity interests.  As of December 31, 2012, the controlled power generation capacity of the Company was 62,756 MW, and the equity-based power generation capacity of the company was 56,572MW.

About the Company

The Company is one of China's largest listed power producers with controlled generation capacity of 62,756MW and equity-based generation capacity of 56,572MW. 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: [email protected]

Wonderful Sky Financial Group Limited
Ms. Linda Wong / Ms. Yolanda Wang / Mr. Daniel Xu / Ms. Irene Gao
Tel:  (852) 2851 1038
Fax: (852) 2865 1638
Email:  [email protected] / [email protected] / [email protected] / [email protected]

SOURCE Huaneng Power International, Inc.