June 25, 2014
Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced that Shanxi Huaneng Dongshan Gas Turbine Project (which is wholly-owned by the Company, the "Project") recently obtained the approval from the Development and Reform Commission of Shanxi Province.
The Project plans to construct a set of "Two-on-One" F-class gas turbine-steam combined cycle co-generation unit with total installed capacity of 859MW. The Project is expected to have a total investment of RMB3 billion, 20% of which will be its capital to be provided from the Company's internal funds, and the remaining investment will be financed by bank loans.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 66,795 MW and equity-based generation capacity of 59,993 MW. 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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