BEIJING, June 20 /Xinhua-PRNewswire-FirstCall/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced that the construction of the expansion project of 2 x 600 MW domestic supercritical coal-fired generating units at Henan Huaneng Qinbei Power Plant Phase II, in which the Company owned 60% interests, has been approved by the National Development and Reform Commission recently.
The project will concurrently install flue-gas desulphurisation facilities, high-performance electrostatic precipitators and flue-gas continuous emission monitoring systems. At the same time, the desulphurisation facilities at the 2 x 600 MW coal-fired generating units at Phase I will be reconstructed. Various emission indices at the power plant will satisfy the State's environmental protection requirements. After the commencement of operation, the power plant will meet the power demand for the economic development of Henan Province and improve the regional electricity source structure.
The total investment amount of the Phase II project is estimated to be approximately RMB4.48 billion, of which 20% is equity capital to be funded by the Company (60%), Henan Provincial Construction Investment Corporation (35%) and Jiyuan Municipal Construction Investment Corporation (5%), with the remaining to be funded by bank loans.
Huaneng Power International, Inc. develops, constructs, operates and manages large-scale power plants in China nationwide, with a total generation capacity of 28,187MW on an equity basis and a total controlling generation capacity of 32,224MW. The Company wholly owns seventeen operating power plants, and has controlling interests in twelve operating power companies and minority interests in five operating power companies. Currently, it is the largest listed power producer in China.
For further information, please contact:
Ms. Meng Jing / Ms. Zhao Lin
Huaneng Power International, Inc.
Tel: +86-10-6649-1856 / +86-10-6649-1866
Fax: +86-10-6649-1860
Email: ir@hpi.com.cn
Ms. Christy Lai/ Ms. Patricia Tse
Rikes Communications Limited
Tel: +852-2520-2201
Fax: +852-2520-2241
