omniture

Huaneng Power International, Inc. Adjustment of On-grid Tariffs

2014-09-17 23:52 1728

BEIJING, September 17, 2014 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced the adjustment of on-grid tariffs of its coal fired power plants.

The Company recently received the Notification from National Development and Reform Commission regarding the Adjustment of the On-Grid Tariffs of Power Enterprises. In order to thoroughly implement the "Notice of the National Development and Reform Commission to further resolve the tariffs conflict in terms of environmental protection", the State has decided to, on premises of maintaining the constant level of the sales price; make appropriate adjustment to the level of the coal-fired tariffs.

According to National Development and Reform Commission's price adjustment documents, the level of the on-grid tariffs of the HPI's domestic power plants will be adjusted as follows:

Domestic Power Plant

On-grid Tariffs
before Adjustment
(RMB/MWh)

Change
(RMB/MWh)

On-grid Tariffs
after Adjustment
(RMB/MWh)

Liaoning Province

Dalian

408.2

-9.8

398.4

Dandong

412.2

-9.8

402.4

Yingkou

402.2

-9.8

392.4

Yingkou Co-generation

412.2

-9.8

402.4

Hebei Province

Shang'an

432.52

-8.2

424.32

Gansu Province

Pingliang

328.31

-4

324.31

Beijing

Beijing Co-generation
Coal-fired

497.35

-5.74

491.61

Tianjin

Yangliuqing Co-generation

435.2

-5.4

429.8

Shanxi Province

Yushe

397.7

-11.5

386.2

Zuoquan

388.7

-11.5

377.2

Shandong Province

Dezhou

469.06

-8.1

460.96

Weihai

468.31

-8.1

460.21

Jining

445.87

-8.1

437.77

Xindian

452.4

-8.1

444.3

Rizhao Phase a??

445.7

-8.1

437.6

Zhanhua Co-generation

435.7

-8.1

427.6

Henan Province

Qinbei

438.2

-19.1

419.1

Jiangsu Province

Nantong

440.5

-11

429.5

Nanjing

440

-11

429

Taicang

445

-11

434

Huaiyin

438

-11

427

Jinling???Coal-fired???

440

-11

429

Shanghai

Shidongkou First

444.6

-11

439.6

Shidongkou Second

437.1

-11

432.1

Shidongkou Power

462.3

-11

457.3

Chongqing

Luohuang

440.65

-6.8

433.85

Zhejiang Province

Yuhuan

469

-11

458

Hunan Province

Yueyang

497.9

-5.9

492

Jiangxi Province

Jianggangshan

485.51

-31.7

453.81

Fujian Province

Fuzhou

448.12

-4.5

443.62

Guangdong Province

Shantou Coal-fired

536.26

-12

524.26

Haimen

500.5

-12

488.5

The above mentioned tariff adjustments have been effective since 1 September 2014. Following the adjustment of the on-grid tariffs and based on the estimation of the weighted average electricity sold with the adjusted tariffs of the HPI's power plants, the average on-grid tariffs of the Company is expected to be reduced by RMB9.44/MWh.

About the Company

The Company is one of China's largest listed power producers with controlled generation capacity of 66,888MW and equity-based generation capacity of 60,184MW. 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: +86-10-6608-6765 / 6322 6596
Fax: +86-10-6641-2321
Email: zqb@hpi.com.cn

Wonderful Sky Financial Group Limited
Ms. Erica Tao /Ms. Michelle Tang/ Ms. Shiloh Xiang
Tel: +852-2851-1038
Fax: +852-2865-1638
Email: ericatao@wsfg.hk / michelletang@wsfg.hk / shilohxiang@wsfg.hk

Source: Huaneng Power International, Inc.
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