BEIJING, June 15, 2011 /PRNewswire-Asia/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced that Huaneng Jinling Combined Cycle Cogeneration Project (the "Project ") (in which the Company owns 51%) has recently been approved by Jiangsu Provincial Development and Reform Commission.
The Project will build two 200 MW class (E grade) combined cycle gas turbine cogeneration units and corresponding support facilities, and the investment amount is estimated to be approximately RMB1.563 billion, of which 25% will be project capital to be funded by the Company, Petro China Kunlun Gas Utilization Co., Ltd., Jiangsu Guoxin Asset Management Group Company Limited and Nanjing Municipal Investment Company according to the ratios of 51%, 21%, 21% and 7%, respectively. The remaining investment will be funded by bank loans.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 54,402 MW and equity-based generation capacity of 50,935MW. The power plants of the Company are located in 18 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 / +86-10-6322-6596 |
| Fax: | +86-10-6641-2321 |
| Email: | zqb@hpi.com.cn |
| Wonderful Sky Financial Group Limited | |
| Mr. Hon Fung / Ms Gigi Chan / Mr. Dickon Sheng / Mr. Lik Sze | |
| Tel: | +852-2851-1038 |
| Fax: | +852-2865-1638 |
| Email: | hf@wsfg.hk / gigichan@wsfg.hk / dickonsheng@wsfg.hk / liksze@wsfg.hk |