Huaneng Power International, Inc. Announces Approval Obtained for the Gas-Fired Cogeneration Project in Tongxiang, Zhejiang

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  Published in Business and Finance on Tuesday, July 3rd 2012 at 5:46 GMT by Market Wire
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Huaneng Power International, Inc. Announces Approval Obtained for the Gas-Fired Cogeneration Project in... -- BEIJING, July 3, 2012 /PRNewswire-Asia/ --

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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.

About the Company

The Company is one of China's largest listed power producers with controlled generation capacity of 60,395 MW and equity-based generation capacity of 55,370 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.

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. Yolanda Wang / Ms. Sharon Xie / Ms. Sharon Lau
Tel: +852-2851-1038
Fax: +852-2865-1638
Email: [ hf@wsfg.hk ] / [ yolandawang@wsfg.hk ] / [ sharonxie@wsfg.hk ] / [ sharonlau@wsfg.hk ]

SOURCE Huaneng Power International, Inc.