Press Release

Huaneng Power International, Inc. Power Generation within China Increases by 11.51% in the First Half of 2018

  • Jul 17, 2018
  • PR Newswire

BEIJING, July 17, 2018 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEX: 902; SSE: 600011) today announced its power generation for the first half year of 2018.

According to the preliminary statistics of the Company, for the second quarter of 2018, the Company's total power generation by power plants within China on consolidated basis amounted to 103.856 billion kWh, representing an increase of 14.52% over the same period last year. Total electricity sold by the Company amounted to 98.075 billion kWh, representing an increase of 14.54% over the same period last year. In the first half of 2018, the Company's total power generation by the power plants within China on consolidated basis amounted to 208.167 billion kWh, representing an increase of 11.51% over the same period last year. Total electricity sold by the Company amounted to 196.387 billion kWh, representing an increase of 11.51% over the same period last year. In the first half of 2018, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB418.57 per MWh, representing an increase of 2.72% over the same period last year.

The increase in the Company's power generation was mainly attributable to the following reasons: (1) The growth in the macro-economy was better than expected; and (2) The growth rate of electricity consumption for residents' electricity, tertiary industries and non-high-energy-consuming manufacturing industries increased significantly; and (3) In the first half of the year, the growth rate of hydropower generation in the country was relatively low, far lower than the growth rate of the electricity consumption of the whole society and national power generation. The Company has a relatively higher proportion of thermal power units and seized the opportunity to increase power generation.

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

For the second quarter of 2018, the power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 21.1% in Singapore, representing a decrease of 0.7 percentage point compared to the same period of last year (21.8%). In the first half of 2018, the accumulated power generation accounted for a market share of 20.8%, representing a decrease of 0.7 percentage point compared to the same period last year.

In addition, the projects of the Company's wholly-owned Huaneng Heilongjiang Shuangyu Photovoltaic with a total capacity of 46.6 MW, 30 MW PV units of the Huaneng Jiangsu Huaiyin Photovoltaic Power Plant and 10 MW PV units of the Huaneng Jiangsu Taicang Photovoltaic Ash Field Phase II (75% owned by the Company), 8 MW PV units of Huaneng Hainan Chengmai Photovoltaic (91.8% owned by the Company), 20 MW PV units of the Jilin ZhenLai Wind Farm (50% owned by the Company), and 10 MW PV units of the Shanxi Yushe Photovoltaic (90% owned by the Company) were put into operation in the second quarter of 2018. As of June 30, 2018, the Company had a controlled installed capacity of 104,425 MW, and an equity-based installed capacity of 91,894 MW.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 104,425 MW and equity-based generation capacity of 91,894MW. 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.