Huaneng Power Announces Its Power Generation in 2010
OREANDA-NEWS. February 15, 2011. Huaneng Power International, Inc. (“HPI” or the “Company”) (NYSE: HNP; HKEx: 902; SSE: 600011) is pleased to announce its power generation in 2010, reported the press-centre of Huaneng Power International.
According to the Company’s preliminary statistics, as of 31 December 2010, the Company’s total power generation within China on consolidated basis amounted to 256.95 billion kWh, representing an increase of 26.25% over the same period last year. Accumulated electricity sold amounted to 241.799 billion kWh.
The increase in power generation of the Company was mainly attributable to the following reasons:
1. the Company has increased its sales efforts, thereby grasping the growth trend of the national economy in 2010 and the favourable conditions for substantial increase in the national electricity demand, expanding various marketing channels and increasing power generation;
2. various new generating units of the Company commenced operation, thereby increasing the market share; and
3. under the impact of the global financial crisis, the national electricity demand in 2009 was depressed. The base number of the power generation was relatively lower, resulting in a relatively higher growth in 2010 as compared to the same period of last year.
The accumulated power generation of Tuas Power Limited in Singapore in 2010 accounted for a market share of 24.7% in Singapore, representing an increase of 0.4 percentage points as compared to 24.3% of the same period last year.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 50,473 MW and equity-based generation capacity of 46,664MW. The power plants of the Company are located in 17 provinces, municipalities and autonomous regions in China.
The Company also has a wholly-owned power company in Singapore.
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