Huaneng Power approved for first unit of coal fired power project

Beijing, November 18, 2009 — The Chinese government approved one 600 MW ultra-supercritical coal-fired generating unit of Huaneng Power International’s Phase III project at Yueyang Power Plant.

The Phase III project at Huaneng Yueyang Power Plant will install high-performance electrostatic precipitators, flue-gas desulphurization and denitrification facilities, as well as a continuous emission monitoring system.

Various emission indices at the power plant will satisfy the environmental protection requirements of the Chinese state.

The total investment amount of the project is estimated to be about $370 million, of which 20 percent is equity capital to be funded by the company and Hunan Xiang Tou International Investment Co. based on capital contribution ratios of 55 percent and 45 percent, respectively. The remaining investment will be funded by bank loans.

Huaneng Power International, Inc. wholly-owns 18 operating power plants, and has controlling interests in 16 operating power plants and minority interests in 5 operating power companies within China.

Such power plants are located in 12 provinces and 4 provincial-level municipalities in China. The company also has a wholly-owned generation company in Singapore. Currently, the company has a controlled generation capacity of 43,782 MW and equity-based generation capacity of 40,975 MW.

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