Huaneng Power Intl (NYSE:HNP)

BEIJING, Oct. 16, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first three quarters of 2019.

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), in the third quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 106.812 billion kWh, representing a decrease of 8.31% over the same period last year. Total electricity sold by the Company amounted to 102.957 billion kWh, representing a decrease of 5.99% over the same period last year. In the first three quarters of 2019, the Company's total power generation by the power plants within China on consolidated basis amounted to 302.187 billion kWh, representing a decrease of 7.52% over the same period last year. Total electricity sold by the Company amounted to 287.989 billion kWh, representing a decrease of 6.44% over the same period last year. For the first three quarters of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB417.69 per MWh, representing an increase of 0.14% over the same period last year. For the first three quarters of 2019, the Company's market based electricity sold amounted to 146.471 billion kwh, with a ratio of 51.23% comparing to the corresponding total electricity sold, representing an increase of 10.87 percentage points over the same period last year.

The decrease in the Company's power generation was mainly attributable to the following factors:

1. For the first three quarters of the year, the growth rate of the electricity consumption nationwide showed a significant decline compared to the same period last year;

2. Hydro-power, wind-power and nuclear power generation had increased substantially, crowding out the space for growth in thermal power generation;

3. The power generation experienced a large negative growth in areas like Guangdong, Henan, Shandong, Zhejiang and other regions, due to factors including decline in the demand for power, limitations on coal consumptions, and the significant increase in power supply from external source.

BEIJING, July 30, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results prepared under IFRS for the six months ended June 30, 2019.

For the first half year of 2019, the Company and its subsidiaries recorded consolidated operating revenue of RMB 83.603 billion (equivalent to approximately USD 12.161 billion, based on the exchange rate of USD 1 to RMB 6.8747 as of June 30, 2019), representing an increase of 1.45% compared to the same period of last year. The net profit attributable to equity holders of the Company was RMB 3.442 billion (equivalent to approximately USD 501 million), representing an increase of 98.78% compared to the same period of last year. The earnings per share was RMB 0.20 and earnings per ADS amounted to RMB 8.08 (equivalent to approximately USD 1.175). The main reason for the increase of the net profit is the decrease of fuel costs year-on-year.

In the first half of the year, faced with the macroeconomic environment in which the national economy underwent structural transformation and the growth rate of total electricity consumption witnessed a substantial decline, the Company continued to strengthen the level of safe and clean production, actively participated in the power industry reform, intensified efforts on investment and development of low-carbon clean energy, steadily promoted the efficiency and performance of enterprises, made progress in technological innovations, continuously enhanced the ability of fuel supply and price control, and successfully fulfilled the established goals and targets under an unfavourable business environment.

Power Generation. In the first half of the year, the Company's total power generation by the power plants within China on consolidated basis amounted to 195.375 billion kWh, representing a decrease of 6.15% over the same period last year. Total electricity sold by the Company amounted to 185.032 billion kWh, representing a decrease of 5.78% over the same period last year. The utilization hours reached 1,900 hours, representing a decrease of 151 hours over the same period last year.

Cost Control. In the first half of the year, both the coal and power industries intensified efforts to ensure full delivery of coal supplies under the long- and medium-term contracts, the railway enhanced the rail dispatch capacity, and the imported coal functioned as a supplementary supply, the supply of coal of the Company therefore achieved an overall stable performance. Concurrently, the reduced thermal power generation caused the demand for thermal coal to fall short of expectations, and the inventory of port and client-side remained at a fairly high level, giving rise to the downward movement of coal price. The unit fuel cost of our domestic power plants throughout the year occurred for sales of power was RMB223.81/MWh, representing a year-on-year decrease of 5.57%.

Energy Conservation and Environmental Protection. The Company maintained its leading positions in certain economic and technical indicators for power sector, such as coal consumption for power supply and house consumption rate. All of its coal-fired power plants have obtained the sewage discharge permit. Emission of all kinds of pollutants has met the national and local environmental requirements. As an advanced electric energy production enterprise, the Company actively implements energy-saving renovation projects, promotes new energy-saving technologies such as waste heat recovery, conducts various energy-saving and environmental protection activities, strengthens the operation and maintenance management of environmental protection facilities, and intensifies energy conservation and environmental protection supervision and assessment.

Project Development and Construction. In the first half of the year, the Company proceeded smoothly in the construction of power generation projects. The capacity of the commissioned units was 174.2 MW, including Jiangsu Dafeng Offshore Wind Farm with a capacity of 71.4 MW, Henan Mianchi Fenghuangshan Wind Farm with a capacity of 38 MW, Guangxi Guigang Qixingling Wind Farm with a capacity of 60 MW, Henan Zhenyao Wind Farm with a capacity of 2 MW, Zhejiang Jiapu Photovoltaic with a capacity of 1.03 MW and Zhejiang Xitang Photovoltaic with a capacity of 1.77 MW. In the meantime, some of the power plants invested or controlled by the Company underwent changes in capacity. As of 30 June 2019, the Company had a controlled generation capacity of 106,136 MW and an equity-based generation capacity of 93,520 MW. The proportion of the installed capacity of clean energy sources (gas turbine, hydro, wind, photovoltaic and biomass power generation) reached 16.05%.

Tuas Power Limited. In the first half of the year, the accumulated power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 20.5%, representing a decrease of 0.3 percentage point compared to the same period of last year. The sales revenue was RMB6.39 billion, representing an increase of 18.25% compared with the RMB5.403 billion of the same period of last year. The net loss of Singapore business attributable to equity holders of the Company was RMB 200 million. 

In the second half of the year, the Company will continue to strengthen production safety, focus on energy conservation and emission reduction, promote the development in low-carbon clean energy, enhance quality and efficiency, initiatively adapt to the power industry reform, proactively increase market share, strive to reduce fuel cost, optimize debt structure and constantly improve business performance so as to consistently provide long-term, sustainable and increasing returns for the shareholders of the Company.

BEIJING, April 25, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its operating results prepared in accordance with the PRC GAAP for the three months ended March 31, 2019.

For the first quarter of 2019, the Company recorded consolidated operating revenue of RMB 45.652 billion (equivalent to approximately USD 6.780 billion), representing an increase of 5.15% compared to the same period of last year. The consolidated net profit attributable to shareholders of the Company was RMB 2.656 billion (equivalent to approximately USD 394 million), representing an increase of 114.27% compared to the same period of last year. The earnings per share was RMB 0.16 and earnings per ADS amounted to RMB 6.42 (equivalent to approximately USD 0.954). The main reason for the year-on-year increase of the net profit is due to the drop in fuel prices.

Encl: The unaudited summary financial information of the Company for the three months ended March 31, 2019. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with the Accounting Standards for Business Enterprises of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information. 

BEIJING, April 16, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first quarter of 2019.

According to the preliminary statistics of Huaneng Power International, Inc. (the "Company"), in the first quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 103.839 billion kWh, representing a decrease of 0.45% over the same period last year. Total electricity sold by the Company amounted to 98.255 billion kWh, representing a decrease of 0.06% over the same period last year. For the first quarter of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB 421.87 per MWh, representing a decrease of 0.40% over the same period last year.

The decrease in the Company's power generation was mainly attributable to:

1. The slowing down in the growth rate of electricity consumption nation-wide;

2. The Company has relatively a larger proportion of thermal power. In the first quarter, the country's hydropower, wind power and nuclear power increased rapidly, and it occupied the space for thermal power generation;

3. The impact of the coal restrictions policy in East China has affected the thermal power generation.

BEIJING, March 19, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2018 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB169.551 billion (equivalent to approximately USD24.704 billion, based on the exchange rate of USD1 to RMB6.8632 as of December 31, 2018), representing increase of 11.21% compared to the same period last year; net profit attributable to equity holders of the Company amounted to RMB0.734 billion (equivalent to approximately USD0.107 billion), representing decrease of 53.51% compared to the same period last year; earnings per share amounted to RMB0.03(equivalent to approximately USD0.004), and earnings per ADS amounted to RMB1.03 (equivalent to approximately USD0.150). The year-on-year decrease in net profit was mainly attributable to the rise in fuel costs, increase in financial expenses and reduction in investment gains. The Board is satisfied with the Company's results last year.

According to the Company's Shareholders Returns Plan for 2018-2020, the Board of the Company proposed to declare a cash dividend of RMB0.10 (inclusive of tax) for each ordinary share of the Company held by shareholders.

In 2018, the Company proactively adapted to market changes, grasping opportunities that came with the reforms of the national economy and the power market while at the same time adjusting the operational strategy in a timely manner, thereby maintaining stable, safe and clean production throughout the past year. With continuous improvement in the power structure, power generation saw an increase in both volume and price. Besides, remarkable success was attained in marketing, while the management and control for fuel costs were effective as well. In addition, outstanding performance was achieved in capital operation, thus the annual operating objectives were accomplished in a more satisfactory manner and the Company was able to maintain its leading position in the industry.

In 2018, total power generated by the Company's domestic operating power plants on consolidated basis amounted to 430.457 billion kWh, representing an increase of 9.12% year-on-year. The electricity sold amounted to 405.943 billion kWh, representing an increase of 9.30% year-on-year. The annual average utilization hours of the Company's domestic power plants reached 4,208 hours, increased 257 hours compared to the same period last year, of which the utilization hours of the coal-fired units reached 4,495 hours, increased 301 hours compared to the same period last year. In most of the areas where the Company's coal-fired power plants are located, the utilization hours of the Company was in a leading position. Total heat supplied by the Company's domestic operating power plants on consolidated basis amounted to 216 million GJ, representing a year-on-year increase of 19.58%.

Throughout 2018, the Company procured an aggregate of 196 million tons of coal. The Company continued to make accurate judgments of the coal market, optimized its procurement strategy and the structure of the regional supply and reinforced its cooperation with major coal mines. By locking in quality and affordable resources in advance, the Company effectively offset the impact of the increase in the unit procurement price of standard coal and exercised better control over the procurement costs of fuel while the market price of coal remained high throughout the year. The unit fuel cost of our domestic power plants throughout the year occurred for sales of power was RMB236.89/MWh, representing a year-on-year increase of 4.85%.

In 2018, the Company continued to lead its peers in terms of production safety, technical, economic and energy consumption indicators. The average equivalent availability ratio of coal-fired units of the Company's domestic power plants was 94.51% and its weighted average house consumption rate was 4.34%. The average yearly coal consumption rate of the Company's coal-fired units for the power generated was 288.45 grams/kWh and the average yearly coal consumption rate of the Company's coal-fired units for the power sold was 307.03 grams/kWh.

The Company progressed smoothly in construction of power supply projects. During the year, the controlled generation capacity of the newly commissioned wind units and photovoltaic units of the Company was 482 MW and 171 MW, respectively. As of December 31, 2018, the Company's controlled and equity-based generating capacities were 105,991 MW and 93,755 MW, respectively.

In October 2018, the Company successfully completed the non-public issuance of 498 million A shares to seven placees at the issue price of RMB6.55 per share. The gross proceeds raised from the issuance amounted to RMB3, 260 million.

In 2018, Tuas Power Ltd. ("Tuas Power"), a wholly-owned subsidiary of the Company in Singapore, maintained safe and stable operation of the generation units throughout the year. The total market share of Tuas Power in the power generation market for the whole year was 21.1%, representing a year-on-year decrease of 0.8 percentage point and the net loss attributable to equity holders of the Company amounted to RMB695 million. In light of factors such as the adjustment to the fuel reserve policy by the Singapore Energy Market Authority, Tuas Power disposed some fuel oil inventories in 2018, seizing the favorable opportunity arising from the rise of fuel oil prices. After deducting fuel oil disposal losses and provision for deduction in price in an aggregate of RMB 320 million, the loss has been reduced by RMB 67 million as compared to that of 2017.

In 2019, the Company will remain committed to meeting the requirements of its development strategy and enhancing development quality and efficiency while actively seizing market opportunities. The Company will strive to achieve approximately 440 billion kWh for annual domestic power generation and around 4,200 hours for average utilization hours. By adhering to the goal of building a world class listed power generation company, the Company will continue to improve its operating performance so as to create more values to the country, society and shareholders.

BEIJING, Jan. 20, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation statistics for the whole year of 2018.

According to the preliminary statistics of the Company, in the fourth quarter of 2018, the Company's total power generation by power plants within China on consolidated basis amounted to 103.707 billion kWh, representing an increase of 3.49% over the same period last year. Total electricity sold by the Company amounted to 97.953 billion kWh, representing an increase of 4.05% over the same period last year. For the whole year of 2018, the Company's total power generation by the power plants within China on consolidated basis amounted to 430.457 billion kWh, representing an increase of 9.12% over the same period last year, and the total electricity sold by the Company amounted to 405.943 billion kWh, representing an increase of 9.30% over the same period last year. For the whole year of 2018, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB 418.48 per MWh, representing an increase of 1.08% over the same period last year. For the whole year of 2018, the Company's market based electricity sold amounted to 175.233 billion kWh, with a ratio of 43.48% comparing to corresponding total electricity sold, representing an increase of 10.01 percentage points compared to the same period last year (33.47%).

The increase in the Company's power generation was mainly attributable to the following reasons: (1) The growth of the national total electricity consumption was better than those anticipated at the beginning of the year, especially the electricity consumption by the tertiary industry and urban and rural residents maintained at a double-digit growth; and (2) Affected by factors such as increased demand and reduced water supply, the Company's thermal power utilization hours rebounded significantly; and (3) The new gas, wind-power and photovoltaic units contributed to the growth of power generation.

BEIJING, April 16, 2018 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first quarter of 2018.

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), for the first quarter of 2018, the Company's total power generation by power plants within China on consolidated basis amounted to 104.311 billion kWh, representing an increase of 8.67% over the same period last year. Total electricity sold by the Company amounted to 98.313 billion kWh, representing an increase of 8.64% over the same period last year. For the first quarter of 2018, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB423.55 per MWh, representing an increase of 4.33% over the same period last year.

The increase in the Company's power generation was mainly attributable to the following reasons: (1) The increase in electricity demand in various industries and the increase in the electricity consumption due to extreme cold weather, the electricity consumption of the whole country grew rapidly in the first quarter; and (2) The reduction in water supply, decrease in hydropower generation and growth of thermal power generation in some areas.

BEIJING, March 15, 2018 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or "the Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2017 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB152.459 billion (equivalent to approximately USD23.333 billion, based on the exchange rate of USD1 to RMB6.5342 as of December 31, 2017), representing an increase of 33.95% compared to the same period last year, and net profit attributable to equity holders of the Company amounted to RMB1.580 billion （equivalent to approximately USD0.242 billion）, representing a decrease of 81.46% compared to the same period last year, which was mainly because coal price rose drastically in 2017. Earnings per share amounted to RMB0.10 (equivalent to approximately USD0.02), and earnings per ADS amounted to RMB4.00 (equivalent to approximately USD0.61). The Board is satisfied with the Company's results last year.

The Board of the Company proposed to declare a cash dividend of RMB0.10 (inclusive of tax) for each ordinary share of the Company held by shareholders. The dividend payment proposal will be presented at the 2017 annual general meeting to be convened on 3 May 2018 for consideration. In addition, in order to better share the development results of the Company with all shareholders, after taking into account the strategic planning and development goal of the Company as well as the development trend of the industry, the Company has decided to further increase the distribution percentage of cash dividends to investors in the next three years and will formulate "Shareholders Return Plan for the Next Three Years (2018-2020) of Huaneng Power International, Inc. " in accordance with the relevant regulations. The specific condition and percentage of the Company's cash dividends in the next three years: under the circumstances that the profit and aggregate undistributed profit are positive and the Company's cash flow can satisfy normal operation and sustainable development of the Company, the Company will distribute profit in cash on the principle that the profit distributed in cash annually shall not be less than 70% of the distributable profit in the consolidated statement for the year and the dividend distributed per share shall not be less than RMB0.1.

In 2017, the Company proactively adapted to the new changes in the power system reform, grasping opportunities while at the same time tackling challenges. The Company maintained its leading position in terms of the level of safe and clean production in the industry for the year. With continuous improvement in the power structure, power generation saw an increase in both volume and price, while the capabilities on sustaining the supply of and controlling the price of fuels were enhanced. In addition, outstanding performance was achieved in capital operation, thus the annual operating objectives were accomplished in a more satisfactory manner.

Total power generated by the Company's domestic operating power plants for the year on consolidated basis amounted to 394.481 billion kWh, representing an increase of 25.76% year-on-year. The electricity sold amounted to 371.399 billion kWh, representing an increase of 25.56% year-on-year. The annual average utilization hours of the Company's domestic power plants reached 3,951 hours, increased 30 hours compared to the same period last year, of which the utilization hours of the coal-fired units reached 4,194 hours, increased 87 hours compared to the same period last year.In most of the areas where the Company's coal-fired power plants are located, the utilization hours of the Company was in a leading position within those areas. Total heat supplied by the Company's domestic operating power plants on consolidated basis amounted to 176 million GJ, representing a year-on-year increase of 79 million GJ or 81.44%.

The Company continued to reinforce the cooperation with major coal mines, optimized the structure of the regional supply, made an accurate judgement of the coal market and decreased the procurement price of Standard Coal by adopting effective measures. Given that the price in the coal market remained at a high level throughout the year, the Company exercised better control over the fuel procurement costs. The unit fuel cost of our domestic power plants throughout the year occurred for sales of power was RMB225.92/MWh, representing a year-on-year increase of 32.41%.

In 2017, the Company continued to lead its peers in terms of production safety, technical, economic and energy consumption indicators. The average equivalent availability ratio of coal-fired units of the Company's domestic power plants was 94.55% and its weighted average house consumption rate was 4.66%. The average yearly coal consumption rate of the Company's coal-fired units for the power generated was 288.28 grams/kWh, which was 2.05 grams/kWh lower than that of the same period last year. The average yearly coal consumption rate of the Company's coal-fired units for the power sold was 306.48 grams/kWh, representing a decrease of 1.21 grams/kWh from that of the same period last year.

The Company progressed smoothly in construction of power supply projects. During the year, the controlled generation capacity of the newly commissioned coal-fired cogeneration units, gas-fired generating units, wind generating units and photovoltaic units of the Company was 150 MW,1,660 MW, 888MW and 628 MV, respectively. As of 31 December 2017 and 12 March 2018,the Company's controlled and equity-based generating capacities were 104,321 MW and 92,003 MW, respectively.

In 2018, the Company will remain committed to enhancing development quality and efficiency and will proactively participate in the electric power market reform. The Company will strive to achieve 410 billion kWh for annual domestic power generation and 4,000 hours for average utilisation hours. Besides, the Company will push ahead with the enhancement in quality and efficiency as well as transformation and upgrade. By adhering to the goal of building a world class listed power generation company, the Company will continue to improve its operating performance so as to create more values to the country, society and shareholders.

BEIJING, Oct. 25, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the nine months ended September 30, 2017.

For the first three quarters of 2017, the Company and its subsidiaries recorded consolidated operating revenue of RMB 111.074 billion (equivalent to approximately USD 16.736 billion, based on the exchange rate of USD 1 to RMB 6.6369 as of September 29, 2017), representing an increase of 10.79% compared to the same period last year. The net profit attributable to equity holders of the Company was RMB 2.860 billion (equivalent to approximately USD 0.431 billion), representing a decrease of 74.30% compared to the same period of last year. The earnings per share was RMB 0.19 (equivalent to approximately USD 0.029) and earnings per ADS amounted to RMB 7.60 (equivalent to approximately USD 1.15). The main reason for the decrease of the net profit is the rise of fuel prices.

Encl: The unaudited summary financial information of the Company for the nine months ended September 30, 2017. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with the Accounting Standards for Business Enterprises of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.

BEIJING, Oct. 16, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first three quarters of 2017.

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), in the third quarter of 2017, the Company's total power generation by power plants within China on consolidated basis amounted to 107.592 billion kWh, representing an increase of 24.36% over the same period last year. Total electricity sold by the Company amounted to 101.092 billion kWh, representing an increase of 23.79% over the same period last year. For the first three quarters of 2017, the Company's total power generation by the power plants within China on consolidated basis amounted to 294.271 billion kWh, representing an increase of 26.52% over the same period last year. Total electricity sold by the Company amounted to 277.212 billion kWh, representing an increase of 26.16% over the same period last year. In the first three quarters of 2017, the Company's average on-grid electricity sales price for its power plants within China amounted to RMB408.96 per MWh, representing an increase of 3.68% over the same period last year.

The substantial increase in the Company's power generation was mainly attributable to the following factors: (1) The acquisition of the power assets in areas like Heilongjiang, Jilin and Shandong by the Company contributed to the substantial increase in power generation of the Company; and (2) The thermal power generation in central China, eastern China and Guangdong increased year on year.

BEIJING, Aug. 1, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results for the first half year of 2017.

For the first half year of 2017, the Company and its subsidiaries recorded consolidated operating revenue of RMB 71.434 billion (equivalent to approximately USD 10.545 billion, based on the exchange rate of USD 1 to RMB 6.7744 as of June 30,  2017), representing an increase of 34.97% compared to the same period of last year. The net profit attributable to equity holders of the Company was RMB 0.244 billion (equivalent to approximately USD 0.036 billion), representing a decrease of 96.05% compared to the same period of last year. The earnings per share was RMB 0.02 (equivalent to approximately USD 0.003) and earnings per ADS amounted to RMB 0.80 (equivalent to approximately USD 0.12). The main reason for the decrease of the net profit is the rise of fuel prices.

During the first half of 2017, against the challenges of new change in power system reforms and drastic rise of coal prices, the Company actively participated in market competition, strived to open up the market and controlled costs, thus laying the foundation for attaining the annual target.

Power Generation. In the first half of this year, the power plants of the Company in operation within China achieved a total power generation of 186.685 billion kWh on a consolidated basis, representing an increase of 27.80% from the same period of last year, as well as an aggregate sales volume of 176.121 billion kWh, representing an increase of 27.55% from the same period of last year, and with 1,901 utilization hours, representing an increase of 62 hours compared to the same period of the previous year. In addition, the aggregate power generation of Tuas Power Ltd., which is wholly owned by the Company, accounted for a market share of 21.5%, representing a slight decrease of 0.1 percentage point from the same period of last year.

Cost Control. The coal market prices followed the trend from Q4 last year and continued to be high and volatile for the first half of 2017. With a close watch on market development trends, the relevant State authorities took a series of actions to free up advanced coal production capacity, secure coal supply and stabilize coal prices. After thorough market research and analysis, the Company strengthened and deepened cooperation with large coal companies and strictly adhered to long- and medium-term thermal coal contracts to ensure full delivery of coal supplies. Meanwhile, the Company put in place strict measures to curb prices as well as regulate bidding procurement of market coals, and optimize imported coals so as to fully control the fuel costs.

Energy Conservation and Environmental Protection. The Company attaches great importance to energy conservation and environmental protection and has so far equipped all of its coal-fired generating units with desulphurization, denitrification and dust removal devices in compliance with applicable environmental standards. The Company carried on with the ultra-low emission technical upgrade on its coal-fired generating units as planned. For the first half of this year, the Company completed the ultra-low emission upgrade of 36 generating units, which means more than 80% (on an accumulative basis) of the Company's coal-fired generating units have met the ultra-low emission standard.

Project Development and Construction. For the first half of 2017, a total capacity of 702.18MW had been put into operation by the Company's power generation projects , including Unit 1 and Unit 2 (100MW) of Liaoning Yingkou Xianrendao Thermal Power Plant, the 24 wind power units with a total capacity of 48MW of Hebei Zhuolu Dabao Wind Power Plant, the 106.4MW (12×4.2+14×4) wind power units of Jiangsu Rudong Offshore Wind Farm, the 52MW (26×2) wind power units of Jiangxi Linghuashan Wind Power Plant, and 17 Photovoltaic Power Plant with a total capacity of 395.78MW including Shandong Zhanhua Qingfenghu Photovoltaic Power Plant. As of June 30, 2017, the Company had a controlled installed capacity of 101,698MW and an equity-based installed capacity of 90,796MW, of which 13.36% was from clean energy sources (gas turbine, hydro, wind, photovoltaic and biomass power generation).

In the second half of the year, the Company will continue to focus on safe and clean production, adhere to the principle of quality and efficiency and expedite power structure adjustments; actively participate in various market transactions and strive to increase market share; further control fuel costs and expenses, and endeavour to enhance operational efficiency; and continue to create long-term, stable and increasing return for the shareholders of the Company.

BEIJING, Jan. 11, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced the completion of the transaction contemplated by the previously announced (i) a transfer agreement concerning the transfer of certain equity interests in certain companies (the "Transfer Agreement") and (ii) a profit compensation agreement entered into by and between the Company and China Huaneng Group ("Huaneng Group") on October 14, 2016.

Pursuant to the Transfer Agreement, HPI acquired from Huaneng Group: (i) 80% equity interests in the registered capital of Huaneng Shandong Power Generation Co., Ltd.; (ii) 100% equity interests in the registered capital of Huaneng Jilin Power Generation Co., Ltd.; (iii) 100% equity interests in the registered capital of Huaneng Heilongjiang Power Generation Co., Ltd. and (iv) 90% equity interests in the registered capital of Huaneng Henan Zhongyuan Gas Turbine Power Co., Ltd.(the "Transaction"). The consideration of the Transaction is RMB 15,113,825,800.

The transaction has recently been completed. According to the Transfer Agreement, the Company has paid 50% of the consideration of the Transaction to Huaneng Group on January 9, 2017.

After completion of the transaction, the Company increases controlled generation capacity by 15,937MW, equity installed capacity by 13,389 MW, total installed capacity of generating units under construction by 3,666 MW.

BEIJING, Jan. 10, 2017 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the year of 2016.

According to the preliminary statistics of the Company, for the fourth quarter of 2016, the Company's total power generation by its power plants within China amounted to 81.097 billion kWh on consolidated basis, representing an increase of 2.02% over the same period last year, and the total electricity sold by the Company amounted to 76.064 billion kWh, representing an increase of 1.57% over the same period last year. For the whole year of 2016, the Company's total power generation by its power plants within China amounted to 313.690 billion kWh on consolidated basis, representing a decrease of 2.13% over the same period last year, and the total electricity sold by the Company amounted to 295.800 billion kWh, representing a decrease of 2.05% over the same period last year. For the whole year of 2016, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB396.60 per MWh, representing a decrease of 10.53% over the same period last year.

The decrease in the Company's power generation for the year of 2016 was mainly attributable to the following reasons: (1) the installed capacity growth outpaced the growth of the nationwide power consumption while the utilization hours of coal-fired power generation units saw a year-on-year fall; (2) the growth of the Company's installed capacity was below the average of its regional peers; and (3) the launch of new nuclear power generators in the areas including Liaoning, Guangdong, Fujian and Hainan had a relatively significant impact on the output of the coal-fired power generation units in these regions.

The power generation (in billion kWh) by each of the Company's domestic power plants are listed below:

BEIJING, Oct. 25, 2016 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the nine months ended September 30, 2016.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 83.221 billion for the three quarters of 2016, representing a decrease of 14.43% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 9.389 billion, representing a decrease of 29.06% over the same period last year. The decrease is mainly attributable to the on grid tariff cut for coal-fired power by National Development and Reform Commission, the year-on-year decrease of domestic power generation, and the increase of unplanned electricity sold in market.

Encl: The unaudited summary financial information of the Company for the nine months ended September 30, 2016. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with the Accounting Standards for Business Enterprises of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.

BEIJING, Aug. 2, 2016 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results prepared in accordance with the International Financial Reporting Standards ("IFRS") for the six months ended June 30, 2016.

For the first half of 2016, The Company and its subsidiaries recorded consolidated operating revenue of RMB 52.924 billion (equivalent to approximately USD 7.981 billion, based on the exchange rate of USD1 to RMB 6.6312 as of June 30, 2016), representing a decrease of 18.96% compared to the same period of last year, and net profit attributable to equity holders of the Company of RMB 6.177 billion (equivalent to approximately USD 0.931 billion), representing a decrease of 30.99% compared to the same period of last year. Earnings per share amounted to RMB 0.41, and earnings per ADS amounted to RMB 16.40 (equivalent to approximately USD 2.47). The decrease is mainly attributable to the on grid tariff cut for coal-fired power by National Development and Reform Commission, the year-on-year decrease of power generation by the company and the increase supply of unplanned electricity sold in market.

During the first half of 2016, facing the external structural changes in the State's economy and the continued reform of the power sector, the Company focused on promoting the quality and efficiency enhancement and upgrading, proactively responding to and participating in the market competition, striving to expand the market, and exercising strict control in costs and expenditure. All the work has achieved comparatively good results, which laid a solid foundation for the completion of the annual target.

Power Generation. In the first half of this year, the power plants of the Company in operation within China achieved a total power generation of 146.080 billion kWh, representing an decrease of 8.60% from the same period last year, as well as an electricity sold of 138.075 billion kWh, a decrease of 8.35% from the same period of last year, and 1,839 utilization hours, representing a decrease of 262 hours compared to the same period in the previous year. The accumulated power generation of Tuas Power Limited in Singapore, which is wholly owned by the Company, accounted for a market share of 21.6%, representing a decrease of 0.8 percentage point compared to the same period last year.

Cost Control. In the first half of the year, China's coal supply-side structural reform was orderly processed. The production limitation and reduction policy has been strictly implemented in major coal producing areas. The government intensified the inspection on illegal coal mines and closure and suspension of mines. The prices of coal in both coal producing areas and at ports were on the rise, and coal supply and demand became a bit tight. However, the Company fully analyzed and forecast the market trend, reinforced and deepened its cooperation with large-sale coal companies, highlighted the bids and price comparison for open-market coal, and at the same time improved coal importation, thereby effectively controlling fuel costs.

Energy Conservation and Environmental Protection. The Company attaches great importance to energy conservation and environmental protection. To date, all of the coal-fired generating units of the Company have been equipped with desulphurization, denitrification and dust emission devices, with all indicators meeting the environmental protection requirements. At the same time, the Company proposes to implement super low emission reform to generation units in certain areas according to schedule. In the first half of 2016, the Company has completed reform of 20 generation units, achieving a total of 54 generation units of the Company that meet the standard for super low emission, account for 44.3% of the reform target.

Project Development and Construction. In the first half of 2016, the Company's projects having commenced operation reached a total capacity of 240MW, including the Hubei Yingcheng Cogeneration Unit No. 1 (50MW), the Jiangsu Nanjing Cogeneration Unit No. 1 (50MW), the 25 wind power units with a total capacity of 50MW of Jiangsu Tongshan Wind Farm, the 25 wind power units with a total capacity of 50MW of Anhui Huaining Shijing Wind Farm, the 10MW photovoltaic power units of Liaoning Yingkou Cogeneration, the 10MW photovoltaic power units of Liaoning Dandong Power and the 20MW photovoltaic power units of Hebei Kangbao Xitan Photovoltaic. As of 30 June 2016, the Company had a controlled generation capacity of 82,571 MW and an equity-based generation capacity of 75,403 MW. The proportion of clean energy (gas turbine, hydro-power, wind power and PV) reached 12.87%.

During the second half of the year, The Company will continue to focus on safety production, quality and efficiency, accelerate structural adjustment of power supply. The company will also persist in and focus on effective generating power reducing the cost of fuel and strive to improve its operation efficiency, proactively participate in the reform of power system and cope with market changes, and persistently create a long-term, stable and growing return to shareholders of the Company.

BEIJING, March 22, 2016 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or "the Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2015 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB128.905 billion (equivalent to approximately USD19.851 billion, based on the exchange rate of USD1 to RMB6.4936 as of December 31, 2015), representing an increase of 2.79% compared to the same period last year, and net profit attributable to equity holders of the Company amounted to RMB13.652 billion, representing an increase of 26.91% compared to the same period last year. Earnings per share amounted to RMB0.94 (equivalent to approximately USD 0.15), and earnings per ADS amounted to RMB37.60 (equivalent to approximately USD 5.79). The Board is satisfied with the Company's results last year.

The Board of the Company proposed to declare a cash dividend of RMB0.47 (inclusive of tax) for each ordinary share of the Company held by shareholders.

In 2015, the Company actively responded to the new environment and new demand arising from the development of the power market, implemented and progressed the relevant work, maintained stable overall production safety and made efforts on cost control. The operating result of the Company reached a record high while the Company continued to fulfill the duties of providing sufficient, reliable and green power to the society.

Total power generated by the Company's domestic operating power plants for the year on consolidated basis amounted to 320.529 billion kWh, representing an increase of 8.9% year-on-year. The electricity sold amounted to 301.979 billion kWh, representing an increase of 8.8% year-on-year. Newly acquired entities and newly operated generating units mainly contributed to the power generation growth of the Company. The annual average utilization hours of the Company's domestic power plants reached 4,147 hours. In most of the areas where the Company's coal-fired power plants are located, the utilization hours of the Company was in a leading position within those areas.

By reinforcing cooperation with major coal mines, the Company fine-tuned its pricing mechanism. Seizing opportunities arising from the market, the Company continuously explored new coal resources and conducted spot tender procurement, in an effort to effectively control the fuel procurement costs of the Company. The annual fuel costs per unit of power sold of the Company's domestic power plants was RMB173.67/MWh, representing a decrease of 13.68% compared to the same period last year.

In 2015, the Company continued to lead its peers in terms of production safety, technical, economic and energy consumption indicators. The average equivalent availability ratio of coal-fired units of the Company's domestic power plants was 94.40% and its weighted average house consumption rate was 4.60%. The average yearly coal consumption rate of the Company's coal-fired units for the power generated was 290.96 grams/kWh, which was 1.23 grams/kWh lower than that of the same period last year. The average yearly coal consumption rate of the Company's coal-fired units for the power sold was 308.56 grams/kWh, representing a decrease of 0.86 grams/kWh from that of the same period last year.

In 2015, the controlled generating capacity of the newly commissioned coal-fired, gas turbine, wind generating units, hydropower units and photovoltaic generating units of the Company was 2,370 MW, 859 MW, 714 MW, 40 MW and 5 MW, respectively. As of 21 March 2016, the Company's controlled and equity-based generating capacities were 82,331 MW and 74,399 MW, respectively.

In November 2015, the Company completed the non-public issuance of a total of 780,000,000 new H Shares at the issue price of HK$7.32 each, with total proceeds of approximately HK$5.71 billion from the issuance. Upon completion of the issuance, the total issued shares of the Company increased from

14,420,383,440 shares to 15,200,383,440 shares, and the total issued H Shares increased from 3,920,383,440 shares to 4,700,383,440 shares.

In 2016, the Company will further enhance its market awareness, reformation awareness, innovation awareness and risk awareness. Under the guidance of the"Thirteenth Five-Year Plan", more emphasis will be attached to market competition, green development and standardized management, in an effort to constantly improve the profitability, competitive strength and sustainable development capability of the Company, to develop itself into an international first-class listed power generation company.

BEIJING, Oct. 20, 2015 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the nine months ended September 30, 2015.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 97.249 billion for the first three quarters of 2015, representing a decrease of 7.98% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 13.235 billion, representing an increase of 16.74% over the same period last year. Without regard to the financial restatement for assets acquisition from parent company last year required under the PRC GAAP, the net profit attributable to the shareholders of the Company increased by 32.41% over the same period last year. The profit increase was mainly attributable to the year-on-year decrease of domestic fuel cost and acquisition of generation assets from parent company in 2014.

Encl: The unaudited summary financial information of the Company for the nine months ended September 30, 2015. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with "Accounting Standards for Business Enterprises" of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.  

BEIJING, Oct. 19, 2015 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the first three quarters of 2015.

According to the Company's preliminary statistics, for the third quarter of 2015, the Company's total power generation by the power plants within China on consolidated basis amounted to 81.178 billion kWh, representing an increase of 13.85% over the same period last year, and the total electricity sold by the Company amounted to 76.437 billion kWh, representing an increase of 13.66% over the same period last year. For the nine months ended 30 September 2015, the Company's total power generation by the power plants within China on consolidated basis amounted to 241.003 billion kWh, representing an increase of 8.05% over the same period last year, and the total electricity sold by the Company amounted to 227.090 billion kWh, representing an increase of 7.72% over the same period last year.  For the nine months ended 30 September 2015, the Company's on-grid electricity settlement price for its power plants within China amounted to RMB 446.68 per MWh, representing an decrease of 1.48% over the same period last year.

Newly acquired projects last year and newly operated generating units this year mainly contributed to the power generation growth of the Company. Reduction in power generation of certain power plants over the same period of the previous year was mainly due to: (1) the slow growth of China's economy in the first three quarters of 2015 and deepening of the State's economic restructuring caused decline in power consumption of the whole society; (2) commencement of operation of various nationwide west-to-east ultra-high-voltage power transmission lines occupied the power generation space of thermal power units in Henan, Shanghai, Jiangsu, Zhejiang and Guangdong and other southeast coastal areas; the Company was affected to some extent due to a relatively high proportion of the Company's thermal power units in such region; (3) the cool temperature since the beginning of summer this year caused a reduction in the cooling load; (4) large nuclear generating units put into production in Liaoning and Fujian in 2014 fully released their production capacity in 2015; also new nuclear generating units commenced production in Zhejiang and Fujian in 2015 � the above affected the power generating capacity of thermal generating units in the above regions.

BEIJING, Sept. 1, 2015 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE:HNP; HKEx: 902; SSE: 600011) today announced Huaneng Power International Inc. (the "Company") announces that the 660 MW coal-fired generation unit No. 2 of the "Closing down smaller generation units and replaced with bigger ones" project of Jiangxi Huaneng Anyuan Power Plant (which is wholly-owned by the Company) has recently put into operation. Meanwhile, the 24x2 MW wind turbines (totalling 48 MW) at Hunan Guidong Hankou Wind Farm (which is wholly owned by the Company) have also recently put into operation. To-date, the Company's controlled generation capacity has increased from 80,424 MW to 81,132 MW, and the equity generation capacity has increased from 71,667 MW to 72,375 MW.

BEIJING, July 15, 2015 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902;SSE: 600011) today announced that its power generation for the first half year of 2015.

According to the Company's preliminary statistics, as of 30 June 2015, the Company's total power generation by the power plants within China on consolidated basis amounted to 159.816 billion kWh, representing an increase of 5.32% over the same period last year. Total electricity sold by the Company amounted to 150.653 billion kWh, representing an increase of 4.95% over the same period last year. The increase in power generation of the Company was mainly attributable to the acquisition of power plants from its parent company in 2014 and the generation units which have been recently put into operation.

The decrease in the power generation output of some power plants as compared to the same period of last year was attributable to the following major reasons: Firstly, in the first half of 2015, the economy in China continued to grow slowly. With the deepening of the country's economic restructuring, the growth in power consumption nationwide had declined, and the power generation and the utilization hour decreased. Secondly, the commencement of operation of a number of the ultra-high voltage west-to-east power transmission lines in China reduced the power generation market of thermal power generating units in the southeast coastal regions where a high proportion of thermal power generating units of the Company are located. Thirdly, since the summer this year, the temperature in the southern part of China remained low, and hence the cooling load decreased, the output in hydro-power generation increased and the output of thermal power generation decreased. Fourthly, the output from the thermal power generating units in Liaoning, Fujian and Zhejiang was affected by the commencement in the operation of large-scaled nuclear power plants in these provinces.

The power generation and electricity sold by each of the Company's domestic power plants for the first half year of 2015 are listed below (in billion kWh):

The accumulated power generation of Tuas Power Limited in Singapore, which is wholly owned by the Company, accounted for a market share of 22.4% (first half of 2014: 21.6%) in Singapore in the first half year of 2015, representing an increase of 0.8 percentage point compared to the same period last year.

BEIJING, May 21, 2015 /PRNewswire/ -- Huaneng Power International, Inc.(the "Company")(NYSE:HNP; HKEx: 902; SSE: 600011) today announced that a coal-fired generation unit with a capacity of 350 MW of Huaneng Luoyang Co-generation Co. Ltd. (in which the Company owns 51% equity interests) has recently commenced operation.

Meanwhile, the 5 MW photovoltaic (PV) units out of a total of 10 MW distributed PV modules project of Zhejiang Si'an Power Plant (which is wholly owned by the Company) have recently commenced operation. The project has achieved full operation.

To-date, the Company's controlled generation capacity increases from 78,693 MW to 79,048 MW and the equity based generation capacity increases from 70,736 MW to 70,919 MW.

BEIJING, April 21, 2015 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", or the "Company")  (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the three months ended March 31, 2015.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB34.278 billion for the first quarter of 2015, representing a decrease of 6.42% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB5.034 billion, representing an increase of 21.02% over the same period last year. Without regard to the financial restatement for assets acquisition from parent company last year required under the PRC GAAP, the net profit attributable to the shareholders of the Company increased by 36.69% over the same period last year. The profit increase was mainly attributable to the year-on-year decrease of domestic fuel cost and acquisition of generation assets from parent company in 2014.

Encl: The unaudited summary financial information of the Company for the three months ended March 31, 2015. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with the Accounting Standards for Business Enterprises of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.  

BEIJING, Jan. 9, 2015 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announces its power generation in 2014. According to the Company's preliminary statistics, as of 31 December 2014, the Company's total power generation of its power plants within China on consolidated basis amounted to 294.388 billion kWh, representing a decrease of 7.27% over the same period last year. Total electricity sold by the Company's power plants within China amounted to 277.538 billion kWh, representing a decrease of 7.49% over the same period last year.

The main reasons for the decline of the Company's power output are as follows: Firstly, China's economic growth slowed in 2014 and power consumption growth of the whole society declined continuously. Secondly, a number of ultra-high voltage west-to-east power transmission lines in China have commenced operation and occupied the power generation space of the thermal power generating units in the southeast coastal regions. The Company has been affected to a greater extent as thermal power generating units of the Company has a higher proportion in the southeast region. Thirdly, during the peak summer period, the temperature of most of the country has fallen to a greater extent as compared with the same period of last year and rainfall has increased substantially as compared with the same period of last year, thus resulting in low electricity demand. The above, coupled with a high base of the previous year, has resulted in a significant decline in power output as compared with the same period of last year. Fourthly, a large number of hydropower generating units in the southwest region have commenced production. The abundant inflow of water and extensive development of hydropower occupied the thermal power generation space of Yunnan province and also power was transmitted to the load centres in Shanghai, Zhejiang, Jiangsu and Guangdong. In addition, large nuclear power generating units have commenced operation successively in Liaoning and Fujian and it has an impact on the power output of the thermal power generating units in the above areas.

The power generation and electricity sold by each of the Company's domestic power plants in 2014 are listed below (in billion kWh):

BEIJING, Jan. 8, 2015 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that its acquisition of certain generating assets from Huaneng Group and HIPDC (the "Transaction") had been completed recently.

On October 13, 2014, the Company executed the Agreement on the Transfer of Equity Interests of Certain Companies between China Huaneng Group and Huaneng Power International, Inc. with China Huaneng Group ("Huaneng Group"), and the Agreement on the Transfer of Equity Interests of Certain Companies between Huaneng International Power Development Corporation and Huaneng Power International, Inc. and the Agreement on the Transfer of 60% equity interests in Huaneng Chaohu Power Generation Co. Ltd. between Huaneng International Power Development Corporation and Huaneng Power International, Inc. with Huaneng International Power Development Corporation ("HIPDC") (the above mentioned three agreements are collectively referred to as the "Transfer Agreements").

The Transaction was completed recently, whereby the Company paid 50% of the consideration of the Transaction to Huaneng Group and HIPDC, respectively, pursuant to the Transfer Agreements on January 8, 2015.

Upon completion of the Transaction, the Company owns 91.8% equity interests in the registered capital of Hainan Power, 75% equity interests in the registered capital of Wuhan Power, 53.45% equity interests in the registered capital of Suzhou Thermal Power, 97% equity interests in the registered capital of Dalongtan Hydropower, 100% equity interests in the registered capital of Hualiangting Hydropower, 60% equity interests in the registered capital of Chaohu Power, 100% equity interests in the registered capital of Ruijin Power, 100% equity interests in the registered capital of Anyuan Power, 100% equity interests in the registered capital of Jingmen Thermal Power and 100% equity interests in the registered capital of Yingcheng Thermal Power. Accordingly, each of the Company's controlled generation capacity and equity based generation capacity has increased by 7,787.5 MW and 6,437.7 MW, respectively. At present, the Company has controlled generation capacity of 78,272 MW and equity based generation capacity of 70,195 MW.

BEIJING, Jan. 5, 2015 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that the Company's first F-grade Natural gas combined cycle unit with 463 MW of Huaneng Lingang (Tianjin) Gas Turbine Cogeneration Co., Ltd., the 24 x 2MW wind turbines (a total of 48 MW) of Jiangxi Huaneng Jianggongling Wind Farm and the photovoltaic (PV) project in distributed PV modules with 5 MW (out of a total of 10 MW) of Zhejiang Huaneng Si'an Power Plant have respectively put into operation by end of 2014. All the above projects are wholly-owned by the Company.

As at 31 December 2014, the Company's controlled generation capacity was 70,484 MW and the equity-based generation capacity was 63,757 MW.

BEIJING, July 15, 2014 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced its power generation for the first half of 2014 today.

According to the Company's preliminary statistics, as of June 30, 2014, the Company's total power generation by its power plants within China on consolidated basis amounted to 151.739 billion kWh, representing an increase of 1.51% over the same period last year. Total electricity sold by the Company's power plants withinChina amounted to 143.554 billion kWh, representing an increase of 1.62% over the same period last year.

The low growth of the Company's power generation was mainly attributable to the following reasons:

1. The nation-wide electricity consumption in China is experiencing low or medium growth due to the slowdown of the Chinese economy.
2. The commencement of operations of multiple West-to-East UHV transmission lines has squeezed the generation potential of thermal power generators in the coastal region in the east of China, which thermal power generators account for a relatively high proportion in the Company's total power generation capacities, thus having material impact on the Company's power generations.
3. The commencement of operations of many hydropower generating units in Yunnan which power generations are also transmittable to Guangdong load center, as well as the commencement of operations of large nuclear power generators in Liaoning and Fujian, has had negative effect upon the power generations by thermal power units in Yunnan, Guangdong, Liaoning, and Fujian.
4. Against this unfavorable background, the Company has enhanced marketing efforts, seized market opportunities, strengthened the monitoring of power usage during the holidays and critical periods, and made efforts to improve the power generation growth.

Huaneng Power International, Inc.

Consolidated Statements of Comprehensive Income/(loss)

For the years ended December 31, 2013, 2012 and 2011

(Prepared in accordance with International Financial Reporting Standards)

(Amounts expressed in thousands of RMB except per share data)

BEIJING, Jan. 27, 2014 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced its estimated annual results of 2013 today.

According to Rule 11.3.1 of the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, a listed company is required to announce its estimated annual results within one month after the end of its financial year (i.e., before January 31 of each year) if the annual net profit of the listed company for that financial year is estimated to increase or decrease by more than 50% over the same period last year. Based on the preliminary estimate of the Company, the annual net profit attributable to the Company's shareholders in 2013 based on China Accounting Standards is expected to increase by more than 75% compared to the same period last year. The estimated profit increase was primarily due to the decrease of domestic coal price in 2013. The annual net profit attributable to the Company's shareholders based on the International Financial Reporting Standards ("IFRS") will be different due to the reconciliation with IFRS.

BEIJING, Jan. 16, 2014 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx:902; SSE:600011) today 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.

BEIJING, Dec. 23, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that Huaneng Sui Xian Jieshan Wind Farm Project (which is wholly-owned by the Company) in Hubei Province had recently obtained the approval from the Development and Reform Commission of Hubei Province.

Jieshan Wind Farm Project has a planned installed capacity of 48MW with an estimated total investment of RMB428 million. 20% of the investment will be project capital to be contributed by the Company from its internal funds while the remaining investment will be funded by bank loans.

BEIJING, Nov. 12, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE:  HNP; HKEx: 902; SSE: 600011) today announced that Guizhou Pan County Jiaoziding Wind Farm Project and Dapanshan Wind Farm Project (each of which is wholly-owned by the Company) had recently obtained the approvals from the Energy Bureau of the Guizhou Province.

Jiaoziding Wind Farm Project has a planned installed capacity of 48MW with an estimated total investment of RMB465 million. Dapanshan Wind Farm Project has a planned installed capacity of 48MW with an estimated total investment of RMB447 million. Twenty percent investment for each of these projects will be project capital to be contributed by the Company from its internal funds, and the remaining investment will be funded by bank loans.

BEIJING, Aug. 15, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced that Huaneng Liaoning Changtu Laocheng Wind Farm Project (which is wholly-owned by the Company) had recently obtained the approval from the Development and Reform Commission of the Liaoning Province.

This Project has a planned installed capacity of 48MW with an estimated total investment of RMB364 million. 20% of the investment will be project capital to be contributed from internal funds of the Company, and the remaining investment will be funded by bank 

BEIJING, July 30, 2013 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results for the six months ended June 30, 2013.

For the six months ended June 30, 2013, the Company and its subsidiaries recorded consolidated operating revenue of RMB 64.062 billion (equivalent to approximately USD 10.368 billion), representing a decrease of 4.64% compared to the same period last year. The profit attributable to equity holders of the Company was RMB 5.623 billion (equivalent to approximately USD 0.91 billion), representing an increase of 164.98% compared to the same period last year. The earnings per share were RMB 0.40 and earnings per ADS were RMB 16.00(equivalent to approximately USD 2.59). The increase of the Company's net profit was mainly attributable to the fall of the fuel cost from the same period last year and effective controls of other costs and expenses.

For the first half of 2013, in spite of the national economic restructuring and decrease of total electricity consumption growth nationwide compared to the same period of last year, the Company took advantage of the continuing decline of coal market prices by encouraging power generation and coal price controls by its power plants, exercised strict control in expenditure and strengthened internal fuel management. For the first half of 2013, the Company accomplished each of its business plans and substantially improved its overall profitability.

BEIJING, October 23, 2012 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the nine months ended September 30, 2012.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 100.117 billion for the first three quarters of 2012, representing an increase of 0.31% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 4.195 billion, representing an increase of 197.40% over the same period last year. The increase of Company's net profit was mainly attributable to the carry-over effect of the tariff adjustment last year and the drop in spot market coal price.

Unit 6 (600MW) of Hunan Huaneng Yueyang Power Plant (of which the Company holds 55% equity interest) and Unit 2 (1,030MW) of Jiangsu Huaneng Jinling Power Plant (of which the Company holds 60% equity interest) had respectively completed trial run recently. In addition, there had been changes to the installed capacity to part of the power plants in which the Company has equity interest. To date, the Company's total controlled generation capacity has increased to 61,947MW from 60,317MW, and total equity-based generation capacity has increased to 56,209MW from 55,357MW.

As resolved at the 2010 Annual General Meeting of Huaneng Power International, Inc. (the "Company"), the Company may apply to the National Association of Financial Market Institutional Investors for the quota to issue super short-term debentures with a principal amount of not exceeding RMB20 billion (to be issued with such period on a rolling basis). On 9 May 2012, the Company received a notification on acceptance of registration (Zhong Shi Xie Zhu [2012] No. SCP5) from the National Association of Financial Market Institutional Investors, accepting the registration of the super short-term debentures of the Company.

 The Company has completed the issue of the third tranche of the Company's super short-term debentures for 2012 on 20 August 2012 (the "Debentures"). The total 3 issuing amount was RMB5 billion with a maturity period of 270 days whereas the unit face value is RMB100 and the interest rate is 3.70%. China Construction Bank Corporation and China Merchants Bank Co. Ltd. act as the joint lead underwriters to form the underwriting syndicate for the Debentures, which will be placed through book-building and issued in the domestic bond market among banks. The proceeds from the Debentures will be used principally to settle part of the bank loans so as to improve its debt structure and to supplement short term operational working capital. The relevant documents in respect of the Debentures are posted on China Money and Shanghai Clearing House on websites of www.chinamoney.com.cn and www.shclearing.com, respectively. The Debentures do not constitute any transaction under Chapter 14 and Chapter 14A of the Listing Rules.

BEIJING, July 31, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results for the six months ended June 30, 2012.

For the six months ended June 30, 2012, the Company and its subsidiaries recorded consolidated operating revenue of RMB 67.180 billion (equivalent to approximately USD 10.622 billion based on the USD-RMB exchange rate of USD 1 to RMB 6.3249 as of June 30, 2012), representing an increase of 4.88% compared to the same period last year. The profit attributable to equity holders of the Company was RMB 2.122 billion (equivalent to approximately USD 0.335 billion), representing an increase of 87.64% compared to the same period last year. The earnings per share were RMB 0.15 (equivalent to approximately USD 0.02) and earnings per ADS were RMB 6 (equivalent to approximately USD 0.95). The increase of Company's net profit was mainly attributable to the carry-over effect of the tariff adjustment last year and the Company's effective cost controls.

During the first half of 2012, the Company focused on improving economic efficiency, proactively responded to the changing business environment and made significant progress on power generation, cost control, energy conservation and environmental protection, project development and construction.

BEIJING, July 3, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that the Huaneng Tongxiang Gas-Fired Co-generation Project (of which the Company owns a 95% interest, the "Project") had been recently approved by Zhejiang Provincial Development and Reform Commission.

The Project will build two sets of 200MW class combined cycle gas turbine cogeneration units with an estimated dynamic investment of RMB1.488 billion, of which 20% will be project capital to be contributed by the Company and New Town Development and Construction Co., Ltd. of the Linhang Economic Area of Tongxiang, Zhejiang. The remaining investment will be funded from bank loans.

BEIJING, April 24, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the three months ended March 31, 2012.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 34.261 billion for the first quarter of 2012, representing an increase of 12.70% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 919 million, representing an increase of 306.33% over the same period last year. The increase is mainly attributable to the following reasons: (1) there had been adjustments to the on-grid tariffs within China after the first quarter of 2011, which reduced the number of the Company's power plants that incurred operating loss from power generation in China; (2) the Company seized the favourable opportunities of the power market in Singapore and its profit from power generation business in Singapore recorded an increase compared to the same period last year; and (3) the Company had effectively controlled the costs, thereby laying a foundation for growth in profit.

Encl: The unaudited summary financial information of the Company for the three months ended March 31, 2012. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with "Accounting Standards for Business Enterprises" of the People's Republic of China ("PRC GAAP"), which differs from the International Financial Reporting Standards ("IFRS") and the accounting principles generally accepted in the United States of America ("US GAAP"). No reconciliation with IFRS or US GAAP has been made in the presentation of the summary financial information.

BEIJING, March 21, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP, FHKEx: 902, FSSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2011 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB 133.421 billion (equivalent to approximately USD 21.175 billion, based on the exchange rate of USD 1 to RMB 6.3009 as of December 31, 2011), representing an increase of 27.90% over 2010, and net profit attributable to equity holders of the Company of RMB 1.181 billion (equivalent to approximately USD 0.187 billion), representing a decrease of 64.74% over 2010. Earnings per share amounted to RMB 0.08 (equivalent to approximately USD 0.01), and earnings per ADS amounted to RMB 3.20 (equivalent to approximately USD 0.51). The Board is satisfied with the Company's operating results in 2011.

The Board of the Company proposed to declare a cash dividend of RMB 0.05 (inclusive of tax) for each ordinary share of the Company held by shareholders.

In 2011, the Company attained new progress on many aspects including power generation, energy saving and environmental protection, project development and oversea operation. In respect of domestic operations, despite the unfavorable conditions from sustained increases in fuel prices and Renminbi lending rates, the management and employees of the Company seized opportunities, worked diligently to tackle the adversities, and fulfilled the duties of providing sufficient, reliable and green energy to the society. In respect of overseas operation, the operating results of Tuas Power in Singapore in 2011 improved significantly, thus making important contributions to the overall profit of the Company.

In 2012, the Company will strive to make the annual domestic generating units utilization hours reach 5,600 hours, thus enabling the Company's domestic power plants to achieve an annual power generation of 340 billion kWh. Meanwhile, the Company is to impose more stringent control of fuel costs, and make endeavors to explore new coal resources and supply channels. The major direction for the Company is to maintain the position of its core business, adjust power structure, enhance efficiency and risk control; to strengthen capital management, enhance financial analysis ability, and improve risk controls and cost controls. At the same time, the Company will gradually accelerate the transformation of its development mode for future developments, and further consolidate and optimize its geographical coverage. The Company will fine tune the development plan for thermal power generation, and aggressively invest in development and construction of power projects in gas, wind and hydro power, aiming to enhance the quality and efficiency of the development.

BEIJING, December 21, 2011 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE:HNP; HKEx:902; SSE:600011) announced today that Huaneng Chongqing Liang Jiang Gas-fired Combined Cooling-Heating-Power Project (the "Project") (which is wholly owned by the Company) has recently received approval from Chongqing Municipal Development and Reform Commission.

The Project will build 5 x 300 MW (F grade) combined cycle gas turbine cogeneration units. The total investment amount of the Project is estimated to be approximately RMB6.739 billion, of which 20% is equity capital to be contributed by the Company from its own internal funds, and the remaining investment is to be funded by bank loans.

The primary sources of funding for the Company and its subsidiaries have been cash provided by internal funds from operating activities, short-term and long-term loans and proceeds from issuances of bonds, and the primary use of funds have been for working capital, capital expenditure and repayments of short-term and long-term borrowings.

GeoTeam Note: We believe that HNP will consider tapping the equity markets. Notice that the the 2009 20F did not contain a comment that the company would need access to equity markets:

The Company expects to have significant capital expenditures in the next few years. During the course, the Company will make active efforts to improve project planning process on commercially viable basis. The Company will also actively develop newly planned projects to pave the way for its long-term growth. The Company expects to finance the above capital expenditures through internal funding, debt financing and cash flows provided by operating activities.

BEIJING, March 30, 2011 /PRNewswire-Asia/ -- Huaneng Power International, Inc. is pleased to announce the audited annual operating results for the twelve months ended 31 December 2010 prepared under the International Financial Reporting Standards, in which the Company recorded

• consolidated operating revenue of RMB104.318 billion (equivalent to approximately USD15.752 billion, based on the USD-RMB exchange rate of USD1 to RMB6.6227 as at 31 December 2010), representing an increase of 35.72% over 2009,
• and net profit attributable to equity holders of the Company of RMB3.348 billion (equivalent to approximately USD506 million), representing a decrease of 32.08% over 2009.
• Earnings per share amounted to RMB0.28 (equivalent to approximately USD0.04), and earnings per ADS amounted to RMB11.20 (equivalent to approximately USD1.69).

 The Board is satisfied with the Company's operating results in 2010.