Beijing, December 16, 2010 — Huaneng Power International, Inc. announced that one 1,000 MW domestic ultra-supercritical coal-fired generating unit of the Phase III Project at Qinbei Power Plant (in which the company owns 60 percent equity interest) has recently been approved by the Chinese National Development and Reform Commission.
This project will install high-performance electrostatic precipitators, flue-gas desulphurization and denitrification facilities as well as on-line flue-gas on-going monitoring system, and will additionally install denitrification facilities at one 600 MW generating unit of the Phase II Project. Various emission indices at the power plant will satisfy the environmental protection requirements of the state.
The total investment amount of the project is estimated to be about $627.4 million, of which 20 percent is equity capital to be funded by internal funds of the company, Henan Province Construction Investment Co. and Henan Province Jiyuan City Construction Investment Co. according to the capital contribution ratios of 60 percent, 35 percent and 5 percent, respectively. The remaining investment will be funded by bank loans.
The company is one of China’s largest listed power producers with controlled generation capacity of 50,033 MW and equity-based generation capacity of 46,512 MW. 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.