Huaneng Power International , INC.

0

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 abovementioned 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 2
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.

Share.

About Author

Leave A Reply