BEIJING, July 7 /Xinhua-PRNewswire-FirstCall/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced today the adjustments of tariffs of its power plants.
(Logo: http://www.prnasia.com/sa/200705141256.JPG )
Pursuant to a notice recently issued by the National Development and Reform Commission (the "NDRC"), the NDRC decided to adjust the on-grid tariffs of the power plants in the power grids of North China, South China, Central China, East China, Northeast China and Northwest China from 1 July 2008 in order to ease the production and business difficulties of the power industry, to ensure the power supply and to promote energy saving.
According to the approved tariff adjustment plan, the average on-grid tariffs (including VAT and according to the weighted average generation planning of 2008) of the Company's coal-fired power plants would be increased by RMB19.32/MWh (approximately 5.16%). The increase took effect from 1 July 2008.
Pursuant to a document in respect of the tariff adjustments issued by the NDRC, the on-grid tariffs of the Company's power plants would be adjusted as shown in the following hyperlink:
http://xprnnews.xfn.info/huaneng/20080707/Tariff_Adjustment_Table.pdf .
Huaneng Power International, Inc. has a total generation capacity of 36,393MW on an equity basis and a controlling installed generation capacity of 39,789MW. The Company wholly owns sixteen operating power plants, an operating power company, and has controlling interests in thirteen operating power companies and minority interests in five operating power companies. Currently, it is one of the largest listed power producers in China.
For enquiries, please contact:
Ms. Meng Jing or Ms. Zhao Lin
Huaneng Power International, Inc.
Tel: +86-10-6649-1856 or +86-10-6649-1866
Fax: +86-10-6649-1860
Email: zqb@hpi.com.cn
Mr. Karl Cheung or Ms. Carrie Lam
Rikes Communications Limited
Tel: +852-2520-2201
Fax: +852-2520-2241
