BEIJING, Jan. 8, 2015 /PRNewswire/ -- Huaneng Power
International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE:
600011) today announced that its acquisition of certain generating
assets from Huaneng Group and HIPDC (the "Transaction") had been
completed recently.
On October 13, 2014, the Company
executed the Agreement on the Transfer of Equity Interests of
Certain Companies between China Huaneng Group and Huaneng Power
International, Inc. with China Huaneng Group ("Huaneng Group"), and
the Agreement on the Transfer of Equity Interests of Certain
Companies between Huaneng International Power Development
Corporation and Huaneng Power International, Inc. and the Agreement
on the Transfer of 60% equity interests in Huaneng Chaohu Power
Generation Co. Ltd. between Huaneng International Power Development
Corporation and Huaneng Power International, Inc. with Huaneng
International Power Development Corporation ("HIPDC") (the above
mentioned three agreements are collectively referred to as the
"Transfer Agreements").
The Transaction was completed recently, whereby the Company paid
50% of the consideration of the Transaction to Huaneng Group and
HIPDC, respectively, pursuant to the Transfer Agreements on
January 8, 2015.
Upon completion of the Transaction, the Company owns 91.8%
equity interests in the registered capital of Hainan Power, 75% equity interests in the
registered capital of Wuhan Power, 53.45% equity interests in the
registered capital of Suzhou Thermal Power, 97% equity interests in
the registered capital of Dalongtan Hydropower, 100% equity
interests in the registered capital of Hualiangting Hydropower, 60%
equity interests in the registered capital of Chaohu Power, 100%
equity interests in the registered capital of Ruijin Power, 100% equity interests in the
registered capital of Anyuan Power, 100% equity interests in the
registered capital of Jingmen Thermal Power and 100% equity
interests in the registered capital of Yingcheng Thermal Power.
Accordingly, each of the Company's controlled generation capacity
and equity based generation capacity has increased by 7,787.5 MW
and 6,437.7 MW, respectively. At present, the Company has
controlled generation capacity of 78,272 MW and equity based
generation capacity of 70,195 MW.
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 78,272 MW and equity-based
generation capacity of 70,195MW. Its power plants are located in 21
provinces, municipalities and autonomous regions in China. It also has a wholly-owned power
company in Singapore.
For Enquires, 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
E-mail: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Wonderful Sky Financial Group Limited
Ms. Erica Tao / Ms. Shiloh Xiang
Tel: +852-2851-1038
Fax: +852-2865-1638
Email: ericatao@wsfg.hk / shilohxiang@wsfg.hk
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SOURCE Huaneng Power International, Inc.