Business News
Huaneng Power International, Inc. Announces Tariff Adjustments of its Power Plants
2008-08-21 05:09:00
BEIJING, Aug. 21 /Xinhua-EMWNews/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced today the adjustments of tariffs of its power plants. Pursuant to a notice recently issued by the National Development and Reform Commission (the "NDRC"), the NDRC decided to adjust the on-grid tariffs of the power plants in order to ease the operation difficulties of the enterprises operating coal-fired power plant and to ensure a normal order for their power production and operation. According to the approved tariff adjustment plan, the average on-grid tariffs (including VAT) of the Company's coal-fired power plants would be increased by RMB22.51/MWh (approximately an increase by 5.67%). The increase took effect on 20 August 2008. Pursuant to a document in respect of the tariff adjustments issued by the NDRC, the on-grid tariffs of the Company's power plants would be adjusted as follows: http://xprnnews.xfn.info/huaneng/20080821/TariffAdj_Table.pdf Huaneng Power International, Inc. has a total generation capacity of 36,993MW on an equity basis and a controlling installed generation capacity of 40,389MW. The Company wholly owns sixteen operating power plants, an operating power company, and has controlling interests in thirteen operating power companies and minority interests in five operating power companies. Currently, it is one of the largest listed power producers in China.
For enquiries, please contact: Ms. Meng Jing or Ms. Zhao Lin Huaneng Power International, Inc. Tel: +86-10-6649-1856 or +86-10-6649-1866 Fax: +86-10-6649-1860 Email: [email protected] Ms. Carrie Lam or Mr. Karl Cheung Rikes Hill & Knowlton Tel: +852-2520-2201 Fax: +852-2520-2241
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions