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China Stocks: Huaneng Power International (HNP) (1994)

Huaneng Power International, Inc. (abbreviated as: Huaneng International, Huaneng Power) Huaneng Power International, Inc. (NYSE: HNP, SEHK: 0902, SSE: 600011) was founded in 1994 and is headquartered in Beijing, China. It has 42,039 full-time employees. An electric utility company (independent generator) that produces and sells electricity and heat to regional or provincial grid companies in China and Singapore.

Huaneng Power International

Huaneng Power International (HNP):

Huaneng International Power Co., Ltd., referred to as Huaneng International and Huaneng, is the largest independent power generation company in Asia and the first of China’s five largest state-owned power companies. It is affiliated to China Huaneng Group Corporation and is listed on the New York Stock Exchange, Hong Kong Stock Exchange and Shanghai Stock Exchange. Listed on the exchange.

Huaneng International Power Co., Ltd. is a holding subsidiary of China Huaneng Group Corporation. The predecessor of Huaneng Group is Huaneng Clean Coal Company and Huaneng International Power Development Co., Ltd. established in 1985. It relies on the state’s special funds for replacing oil with coal and cooperates with local governments. Cooperation, the use of foreign capital, the construction of power plants. By the early 1990s, Huaneng Group had built many modern large-scale power plants in this way.

In June 1994, Huaneng Group reorganized several of its major power plants, and jointly established Huaneng International Power Co., Ltd. and Shandong Huaneng Power Generation Co., Ltd. with a number of local government investment companies. They were listed on the New York Stock Exchange that year. Issued and listed separately. In 1998, Huaneng Power was listed on the Hong Kong Stock Exchange by way of introduction, and subsequently issued H shares. During the reorganization of Huaneng Group in 2000, Huaneng International merged with Shandong Huaneng, and has since become the sole core enterprise of Huaneng Group. This is also the largest case of mergers and acquisitions between listed companies in mainland China so far. In 2001, in order to reduce the higher debt ratio formed by the merger of Shandong Huaneng, Huaneng International issued shares on the Shanghai Stock Exchange to raise funds to return loans.

Huaneng Power’s core business is operating thermal power generation. Its early development strategy focused on coastal areas, with equal emphasis on acquisition and development. Huaneng Power International’s power plants are mostly located near large cities with developed economies and strong demand for electricity. They are equipped with advanced equipment and excellent management, but the cost of land and employment is relatively high. Among them, the Dalian Power Plant is the first power company in China to receive the honorary title of “First-class”. The Shidongkou Second Power Plant in Shanghai is the first power plant in China to use supercritical units, and the Luohuang Power Plant in Chongqing is China’s first power plant to introduce a full set of desulfurization and environmental protection equipment is also the largest power plant under Huaneng. Since its listing, Huaneng International has successively acquired a large number of power plants from Huaneng Group, covering almost all the high-quality assets of the parent company. At the same time, Huaneng Power International has also vigorously promoted the construction and expansion of its power plants, thereby enabling the company’s main business to grow steadily. The Chongqing Luohuang Power Plant will become the largest thermal power plant in East Asia after the expansion is completed. In recent years, as most of Huaneng Group’s assets have been injected into Huaneng Power, and the sharp rise in coal prices has reduced the profits of thermal power plants, Huaneng Power’s development strategy has also begun to shift to operating pithead power plants and hydropower businesses in the Midwest.

The main business of Huaneng International Power Co., Ltd. is power generation. It owns and controls a number of large and medium-sized power plants distributed throughout China. As of March 31, 2016, it has controlled the power generation capacity of 82,381 MW, with a total power generation capacity. It is 74,826 megawatts. include:

  • Luohuang Power Plant, located in Jiangjin District, Chongqing City, has an installed capacity of 2.64 million kilowatts. It was once the largest thermal power plant in East Asia. It consists of 4 units of 360,000 kilowatts and 2 units of 600,000 kilowatts. It is now being expanded. After the expansion, the power generation will be Reached a record 4.93 million kilowatts.
  • Dezhou Power Plant, located in Dezhou City, Shandong Province, has an installed capacity of 2.65 million kilowatts and consists of 4 units of 30 kilowatts and 2 units of 660,000 kilowatts.
  • Shang’an Power Plant, located in Shijiazhuang City, Hebei Province, has an installed capacity of 2.54 million kilowatts. It consists of 2 units of 300,000 kilowatts, 1 unit of 330,000 kilowatts, 1 unit of 320,000 kilowatts and 2 units of 700,000 kilowatts.
  • Yuhuan Power Plant, located in Taizhou City, Zhejiang Province, has an installed capacity of 2 million kilowatts and consists of two 1 million kilowatt units.
  • Taicang Power Plant, located in Suzhou City, Jiangsu Province, has an installed capacity of 1.8 million kilowatts and consists of two units of 300,000 kilowatts and two units of 600,000 kilowatts.
  • Yingkou Power Plant, located in Yingkou City, Liaoning Province, has an installed capacity of 1.84 million kilowatts and consists of two 320,000 kilowatts and two 600,000 kilowatts units.
  • Dalian Power Plant, located in Dalian, Liaoning Province, has an installed capacity of 1.4 million kilowatts and consists of four 350,000 kilowatt units.
  • Nantong Power Plant, located in Nantong City, Jiangsu Province, has an installed capacity of 1.4 million kilowatts and consists of 4 units of 350,000 kilowatts.
  • Fuzhou Power Plant, located in Fuzhou City, Fujian Province, has an installed capacity of 1.4 million kilowatts and consists of four 350,000 kilowatt units.
  • Yueyang Power Plant, located in Yueyang City, Hunan Province, has an installed capacity of 1.325 million kilowatts and consists of two units of 300,000 kilowatts and two units of 362,500 kilowatts.
  • Qinbei Power Plant, located in Jiyuan City, Henan Province, has an installed capacity of 4.4 million kilowatts and consists of four 600,000 kilowatt units and two 1 million kilowatt units.
  • Shidongkou Second Power Plant, located in Shanghai, has an installed capacity of 1.2 million kilowatts and consists of two 600,000 kilowatt units. During expansion, it will increase to 1.9 million kilowatts after expansion
  • Shidongkou No. 1 Power Plant, located in Shanghai, has an installed capacity of 1.22 million kilowatts and consists of three 300,000 kilowatts and one 320,000 kilowatts unit.
  • Pingliang Power Plant, located in Pingliang City, Gansu Province, has an installed capacity of 1.2 million kilowatts and consists of four 300,000 kilowatt units.
  • Shantou Power Plant, located in Shantou City, Guangdong Province, has an installed capacity of 1.2 million kilowatts and consists of two 300,000 kilowatts and one 600,000 kilowatts unit.
  • Huaiyin Power Plant, located in Huaiyin City, Jiangsu Province, has an installed capacity of 1.76 million kilowatts, consisting of 2 units of 220,000 kilowatts and 4 units of 330,000 kilowatts.
  • Shanghai Gas Turbine Power Plant, located in Shanghai, has an installed capacity of 1.17 million kilowatts and consists of three 390,000 kilowatt units.
  • Xindian Power Plant, located in Zibo City, Shandong Province, has an installed capacity of 1.05 million kilowatts and consists of two units of 225,000 kilowatts and two units of 300,000 kilowatts.
  • Weihai Power Plant, located in Weihai City, Shandong Province, has an installed capacity of 850,000 kilowatts and consists of two 125,000 kilowatts and two 300,000 kilowatts units.
  • Yushe Power Plant, located in Jinzhong City, Shanxi Province, has an installed capacity of 800,000 kilowatts and consists of two units of 100,000 kilowatts and two units of 300,000 kilowatts.
  • Dandong Power Plant, located in Dandong City, Liaoning Province, has an installed capacity of 700,000 kilowatts and consists of two 350,000 kilowatt units.
  • Nanjing Power Plant, located in Nanjing City, Jiangsu Province, has an installed capacity of 640,000 kilowatts and consists of two 320,000 kilowatt units. During the expansion, it will increase to 940,000 kilowatts after completion.
  • Jinggangshan Power Plant, located in Ji’an City, Jiangxi Province, has an installed capacity of 600,000 kilowatts and consists of two 300,000 kilowatts generating units.
  • Jining Power Plant, located in Jining City, Shandong Province, has an installed capacity of 545,000 kilowatts. It consists of 1 unit of 50,000 kilowatts, 1 unit of 115,000 kilowatts, 1 unit of 110,000 kilowatts and two units of 135,000 kilowatts.

Huaneng International has also participated in some large and medium-sized power plants:

  • Hanfeng Power Plant, located in Handan City, Hebei Province, has an installed capacity of 1.32 million kilowatts and consists of two 660,000 kilowatt units.
  • Rizhao Power Plant, located in Rizhao City, Shandong Province, has an installed capacity of 700,000 kilowatts and consists of two 350,000 kilowatt units.

In addition, Huaneng International also holds part of the equity of Shenzhen Energy Group Co., Ltd. and Sichuan Huaneng Hydropower Development Co., Ltd.

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