January 16, 2014
Huaneng Power International, Inc. (the "Company") (NYSE:HNP; HKEx:902; SSE:600011) announces that Liaoning Huaneng Yingkou Xianrendao Co-generation Project and Jiangsu Huaneng Liuhe Wind Farm Project, both of which are wholly owned by the Company, have obtained the approval from the Development and Reform Commission of Liaoning Province and the Development and Reform Commission of Jiangsu Province, respectively.
Xianrendao Co-generation Project will build 2x50MW high temperature and pressure back pressure turbine co-generation units with an estimated total investment of RMB1.388 billion. Liuhe Wind Farm Project has a planned installed capacity of 49.5MW with an estimated total investment of RMB 424 million. 20% of the above project investment amounts will be contributed by the Company from its internal funds while 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 66,795MW and equity-based generation capacity of 59,625MW. 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.
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